Bitcoin Cash (BCH) Takes the Market by Surprise; Gains 10% Overnight
Bitcoin Cash’s last week’s growth story has taken an exceptional turn over the last 24 hours. After continuously being pushed from $238, it has added more than 10% in a day. However, after hitting $275 mark, BCH marked moderate regression, but the overall upside momentum doesn’t seem to end anytime soon.
Bitcoin Cash Price Surges to $275, Eyes $280 Resistance
BCH’s first few days of the current week reflected moderate momentum. It was trading below $230 on April 23. However, on the same day, once after catching a $240 price mark, it has maintained a stable upward movement. The massive growth trajectory has started from yesterday.
CoinNewsSpanYesterday, in the initial hour, the currency was trading around $241.95, and then, over the next almost 11 hours, the price escalated to $255.12. After that, the coin managed to trade around a similar price level for a while, and then, it faced marginal decline & spotted just above $250. Later, the Bitcoin Cash price marked another hike, which pushed the value further to $263.71.
Further, the BCH price reflected moderate volatile movement and fell to the previous price level of $255. However, today, the currency reflected positive momentum, and the price escalated as high as $275.95 by an 8% hike. After this huge hike, Bitcoin Cash faced a price correction, and at the time of penning down this article, it fell to $267.93. If the currency continues to trade downwards, it may find the next support around $255.
Currently, almost all the cryptocurrencies reflected immense growth, and along with its peers, the BCH/USD might also continue its upside momentum. It may soon cross a $275 mark. By this weekend, we can expect the value beyond $280.
