Bitcoin Cash was priced at $293.50 on October 31, 2019, and the movement was slightly volatile. There was a drop of 6.80% in the price of BCH coin the next day. The price of the coin continued to fall over the next few days, with the coin being traded at the lowest price of $273.59 on November 1, 2019. Since November 2, 2019 the trend seems to have changed as Bitcoin Cash managed to rise upwards and reached as high as $302.15 with a massive 10.85% rise. At the moment, the trend indicates that it will shortly manage to rise upwards, and the bears may not be dominating the coin.
Bitcoin Cash Price Analysis:
The current trend for Bitcoin Cash is a bullish one as compared to yesterday’s trading price. The same trend is likely to continue with the BCH price being traded close to $291.96 tomorrow. Bitcoin Cash is the fourth-best currency has great potential in the digital space. If it is being traded from a long-term vision can offer better returns. The coin may reach up to its crucial resistance level of $322 soon.
Resistance & Support Levels
R1: $302.65, R2: $312.59 and R3: $322.05
S1: $283.25, S2: $273.79 and S3: $263.85