Bitcoin Cash price has seen a lot of fluctuations due to the ongoing bearish volatility. The coin managed to stay above the baseline for the most part of the last 30-days though the bear pressure at the end of the period made the price fall below the baseline. The BCH coin has been trading in the range between $176 – $224 over the past one-month period.
Bitcoin Cash Price Analysis
BCH price seems to be having a tough time maintaining its stable momentum in the upper range due to the continual bear pressure, as seen from the one-month price movement. The period began on a high note when the Bitcoin Cash price was at $224.977 on November 29. The price of the BCH coin fell to $203.59 on December 04, showing a downward movement of 9.34%. On December 09, the price managed to have an upside movement of 5.04% and it reached $212.95. With the bears continuing to wreak havoc on the price of major altcoins, including BCH, the price again went down to $176.26 by 17.23% fall on December 17. At the time of writing this analysis, Bitcoin Cash price is trading at $185.57 showing a slight rise of about 5.28%.
BCH price has been caught in the bearish whirlwind sentiment in the crypto market, and the price has been trading mostly in the downward range. Analysts expect the trend to be bearish in the crypto market but have hope on the potential of Bitcoin Cash to get back to its earlier stable momentum by early 2020.
The current investors should grab this opportunity to make gains from a long-term perspective. Day traders can make decent gains even in the current crypto market volatility if they time their trades wisely.