Bitcoin Cash is among the biggest and most popular names in the world of cryptocurrencies. There have been a number of forks which have taken place over the Bitcoin network but none have been as popular as this one. Bitcoin Cash has an active community of investors and enthusiasts which continues to back it through the hardest of times. As the market slump, BCH has been hit hard by the price drops.
Let us take a closer look at the Bitcoin Cash price as well as the Bitcoin Cash market cap over the past 24 hours and the past week, as well as a look at where the currency might possibly be heading, over the next few days:
Over the past 24 hours, Bitcoin Cash price has risen by 3.5%. The currency started off the day at a price of $631.75 – from where the prices jumped to $652. However, unlike other currencies which have not been able to capitalize on these spikes in the prices, Bitcoin Cash investors made the best use of the bullish momentum and the currency closed the day at a price of $651.57. The market cap of the currency rose from $10.77 Billion to $11.11 Billion.
Bitcoin Cash price, over the past week, went from $636 to $651! This has been a good week of a slow and steady growth for the currency. The highest point of the week came at $720.
With the past week looking good, the next few days will witness the price heading back to the $720 levels as $710 is the next short-term target for the currency and investors are advised to set their order books to a sell price of close to $700-$705 for making quick profits.
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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.