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Home News Bitcoin Cash News

Bitcoin Cash price falls to $200: what’s next?

Aroosa Nadeem by Aroosa Nadeem
2020-03-23 06:58 am
in Bitcoin Cash News
2 min read
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The Bitcoin Cash price line fell to the $200 level after seeing a day’s high above the $232 mark on the price chart for the 22nd of March. The cryptocurrency traded between the $198.800000 and $212.700000 marks. AsimMirza786 believes that the bears are taking control of the BCH market.

1-Day Bitcoin Cash Price Analysis (22nd March)

Bitcoin Cash Price Chart

Bitcoin Cash Price Chart by TradingView

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The Bitcoin Cash price line was observed below the $220 level at the start of the day. The coin rose across the $232 mark and reached a day’s high of $233.158952 US Dollars, after which saw a continuous fall for the rest of the day. The cryptocurrency closed the day with a trading value of $201.112597 US Dollars. The trade stayed between the $200 and $212 levels for the rest of the trading period.

Bitcoin Cash: bears taking control?

AsimMirza786 is a TradingView analyst who is of the opinion that the bears may be taking control of the Bitcoin Cash market. 

Bitcoin Cash Featured Price Chart

Bitcoin Cash Featured Price Chart by TradingView

The analyst suggested that a good range for the long term entry would be $180 – $189. As per the idea, as soon as the market recovers, the cryptocurrency should be able to touch the $320 – $340 range.

Featured Image by Markus Spiske.

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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