Bitcoin Cash has been a controversial name when it comes to the world of cryptocurrencies. The most popular Bitcoin Cash fork has polarized masses – as a large number of people support BTC while others support BCH. Over the months since its creation, Bitcoin Cash has managed to garner a lot of support and investment – as it is currently the fourth largest cryptocurrency by market cap. 

Bitcoin Cash has shown in the past that it has the capacity to bounce big – similar to the currency it was forked off from. Over the past 24 hours, the currency has risen by 1.17% – a small rise compared to the massive gain that the week-long period had introduced. Nevertheless, the price went up from $743 to $757 – and the market cap rose from $12.6 Billion to $12.9 Billion – gaining $300 Million over the day.

The currency’s performance over the seven-day period was really impressive as Bitcoin Cash went from $650 to $757, with the lowest point of the week coming in at $628 and the highest point of the week coming in at $781. The currency’s market cap went from $11.1 Billion to $12.9 Billion over the week. 

Bitcoin Cash price is expected to surge even further and reach the $815 mark in the short term – possibly over the next 24 to 48 hours. It is advised to set up a target of $799 and another of $812 – and keep adjusting them accordingly. A stop loss is also strongly recommended as the currency has proven to be quite volatile in the past. 

Bitcoin Cash was a subject of major controversy over the past week as Twitter had decided to ban the @Bitcoin account which was pro-BCH. However, after outrage from the Bitcoin Cash community, the account was restored by Twitter. 

For more Bitcoin Cash price related updates and news stay tuned to Cryptocrimson or you can also bookmark our page. We’ll also keep adding updates to this article for real-time analysis. 

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Disclaimer: Neither the management nor the authors at CryptoCrimson are responsible for any losses, financial or otherwise, which may occur due to investing based on our articles. These are market predictions – which are not set in stone. The information provided is only for educational purposes and cannot be considered a financial advice.