Bitcoin Cash was priced at $226.1 on October 2, 2019. For the next four days, the BCH coin was trading almost in the same range. On October 6, 2019, it was being traded at the lowest price of $216.4. However, since the said date, Bitcoin Cash has managed to gain back its control on the bulls and started to reflect an upward rise. It reached $237.9 on October 7, 2019, and due to its consistent performance, the price of Bitcoin Cash touched $239.3 today.
BCH Price Prediction
Bitcoin Cash is reflecting a hike of 8.90% as compared to the price of October 6, 2019. Looking at the current movement, the same trend may continue for the near term as well, with the price reaching at next resistance $241.19. In the coming days, it can be traded within the range of $224 and $240.
CMF indicator also shows that the coin is reflecting an upside movement. On the upside, it can be traded today around $241, and if BCH coin breakout the current trend, it may face the next support at $224. There is no doubt about the huge potential of Bitcoin Cash. Trading from a long-term purpose will yield decent profit as it can reach around its major resistance level $257.94 by the end of the year.