The long-awaited upsurge seems to have been initiated. The global crypto currencies have suffered tremendously in the last couple of months. The traders were eyeing for a hefty recovery from the previous losses. The intraday movement in the coin is anticipated to give desired profits to the traders and investors. The drastic fall in 2019 is likely to take some time, but we are positive that it would recover soon.
The attached graph exhibits an upsurge in the price of the coin. Yesterday, Bitcoin Cash started dealing at $223.9 and the price slightly slipped to $220 by 1.40%. The currency jumped to $224 from $220 by 0.35%. Towards the closing of the day, BCH price slipped to $223 by 0.62%. The intraday movement in the coin reflected 0.35% regression in the price. Today, Bitcoin Cash started with an escalation. The price counters moved from $223 to $230 by 3.11% and later from $230 to 234 by 2.19%. Later, there was a notable uptrend as the coin escalated to $238 from $234 by 1.50%. And, unable to hold the price of BCH again slipped to $235 by 1.56%.
Bitcoin Cash has already breached the immediate resistance level and major resistance levels as the coin shows impressive intraday growth.
The coin is anticipated to give best result to the long-term investors rather than short-term investment.