Bitcoin Cash News

Bitcoin Cash (BCH) Crosses $240; Bulls Eyeing for $246 Mark

  • Bitcoin Cash is currently being traded at $240.73 as it was ballooned up by more than 3% yesterday
  • The next resistance seems likely at $246, with support standing strong near $230

BCH has continued to trade with upside momentum for the second day. April 23 has become a gaining point that took the price to a high of $245. Later, the Bitcoin Cash marked corrective pullback, but then again, it continued upside trading and reflected a steady move to $240. Experts have been very optimistic about the upcoming price movement.

Bitcoin Cash Price Analysis

Bitcoin Cash (BCH) Price News
BCH/USD Chart By TradingView

Yesterday, the BCH price spotted at $233.36, and in the next 7 hours, it witnessed a freefall that cost it 3.03% and pulled the price to $226. After touching rock bottom for the day, Bitcoin Cash price recorded an 8.31% hike and crossed a $245 mark by 14:23 UTC. It was the highest point of the day for the BCH. However, it couldn’t remain at this high for long and marked a correction & reached $236.52 after registering a 3.45% fall.

Further, Bitcoin Cash initiated recovery and reflected a steady upside movement. At the time of writing, the price spotted at $240.73, and as per the current momentum, it may continue to trade with this pace and might cross previous resistance at $246.

BCH has also witnessed a decent increment in the market cap over the last 24 hours. It currently holds a market cap of 4.429 billion USD.

Though the currency is on a gaining spree, we can expect a few unprecedented ups and downs in the coming days. The overall pattern will be bullish.

Edward Nash

Edward Nash is an editor and analyst with over 10 years of financial market experience. Prior to joining CoinNewsSpan, he worked in several famous financial institutions. He has been active in the cryptocurrency market since 2011, specializing in technical analysis of current crypto trends and offering analytical opinion-based pieces.

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