Bitcoin Cash price is on the recovery mode. The currency opened the last month of the fourth quarter with a downtrend. The fall was widespread as Bitcoin, Ethereum, Ripple, Litecoin, and other top players were badly affected.
In the same course, a week ago, Bitcoin Cash price dropped to $194. The traders thought the currency would drop further, but it recovered and is currently at $213. The market cap of the BCH coin at the time of writing is $3,878,378,492.
Bitcoin Cash Price Analysis
Yesterday, Bitcoin Cash started dealing at $210. The price slipped to $203 by 3.22%. The price traded around the same level, which was later followed by a tremendous upsurge. The BCH price changed from $203 to $219 by 7.79%. Then, the price started dropping and touched $207 by a 5.36% fall. The intraday loss in the price of Bitcoin Cash registered an overall regression of 1.55%. Today, BCH registered an uptrend of 1.19%. The price escalated to $209 from $207. Recently, the price dropped by 1.27% and reached $207.
The price of Bitcoin Cash is dealing below the next support level. However, due to volatility, the chances of improvement are quite high. Bitcoin Cash is currently not reflecting much improvement in the price, but the currency is speculated to give a flourishing return in the future. The BCH coin is recommended for long-term traders. The same might give a colossal return in the future.