Bitcoin Cash price falls below $275: what’s next?

Bitcoin Cash price falls below what s next

The Bitcoin Cash price line turns extremely bearish on the 8th of March. Fox666 is a trading view analyst who believes that Bitcoin Cash is going to experience a 95% drop in its price and its next two price targets lie below the $20 mark. Currently, the Bitcoin Cash cryptocurrency trades within a day’s range of $270.000000 — $280.110000.

1-Day Bitcoin Cash Price Analysis (08th March)

Bitcoin Cash Price Chart

Bitcoin Cash Price Chart by TradingView

The cryptocurrency stood above the $330 mark while it stepped on the chart for the 8th of March. At first, the cryptocurrency only moved towards the $320 level until the afternoon when it saw an extremely bearish momentum and the price line fell to the $270 mark by 16:18 GMT. After exhibiting a series of ruffled price movements, the cryptocurrency stabilised over the $280 mark and closed the day with a price of $273.50 US Dollars. At the time of writing, the coin stands at a trading value of $275.510 US Dollars.

Bitcoin Cash: predictive analysis

Fox666 suggested that the cryptocurrency is going to see a 95% price drop very soon, with its final targets below the $20 mark.

Bitcoin Cash Featured Price Chart

Bitcoin Cash Featured Price Chart by TradingView

Fox666 is of the opinion that the cryptocurrency will fall to the $16.4 mark as its first price target, and then to the $8.8 mark as its second price target.

Featured Image by Mark Finn.

Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan holds no liability towards any investments based on the information provided on this page.

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

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