Bitcoin Cash Long Term Price Analysis: 25 November
Bitcoin’s hard fork, Bitcoin Cash has been surfing through various resistances and has appreciated in value. Currently, the asset’s value reached $336.62. However, the current price is the result of a drop in the market witnessed a few hours back.
The value of BCH had peaked at $362.83, after which the market started pulling back and the value was facing downward pressure.
(https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2020/11/25104433/BCH-5.png)
The above chart indicated the rising price of BCH over the past couple of days. This rise has been sudden and without any correction. Considering the previous price trends, the value of BCH had not surpassed above $307 since August, but given the crypto market momentum, the coin has managed to breach this level. It has been close to the value observed earlier in the year.
Learn more about the analysis here. (https://eng.ambcrypto.com/bitcoin-cash-long-term-price-analysis-25-november/)