Bitcoin Cash short-term Price Analysis: 27 November

[sneakyboi]

Bitcoin Cash short-term Price Analysis: 27 November

Bitcoin Cash’s price witnessed a small surge, however, this was only a brief affair. Given the recent price activity in the Bitcoin market, its hard fork has also been witnessing a restricted price action.

As the price fell from $371 it has now been trading at $263.10. At press time the BCH has registered a market cap of $4.9 billion and a trading volume of $3.5 billion.



The above chart of Bitcoin Cash noted the falling value within a descending channel. After the dip, the price has reversed higher as a matter of retracement. The price currently is consolidating between the support at $259.26 and resistance at $279.45.

There have not been signs of a price swing in the market despite bearish indications

Learn more about the analysis here.

[Tnoy30]

Bitcoin cash is very valuable currency in the  market. As the price of unique coins increases, so does the price of bitcoin cash. Bitcoin cash is much more popular worldwide than Bitcoin. As prices rise, so does the value of total assets. Investors want to invest if prices are likely to rise. Bitcoin Cash is one of the best currency in the market.