Bitcoin Cash price was being traded at $208.51 on December 28, 2019, with the upside movement towards the latter part of the day dipped by 2.25%. There was a very sharp rise on December 29, 2019, and the BCH price escalated by 4.83% and reached $214.84. On the next day, the prices continued to trade at the same level for some time and then, reached $214.44. However, due to sharp falls, the price slipped by 4.31%.
On December 31, 2019, there was a sharp escalation marked, and the BCH coin reached $213.13 but soon dipped down by 5.58%. On January 1, 2020, there was a minor rise recorded and the coin reached a $207.87 post which, the coin started to trade downwards.
BCH coin reflects a downward movement of almost 3% as compared to January 1, 2020’s prices. It may manage to marginally rise upwards and reach near its next resistance $208 soon.
As per Trade99’s analysts, traders should hold existing BCH coins or buy new coins as per its movement. The past five days’ performance shows both the trends being prevalent. BCH being one of the top altcoins, has the potential to exhibit price recovery and reach above $220 soon.