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)
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.
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.com holds no liability towards any investments based on the information provided on this page.