Just as the altcoins see an uptrend on the 9th of April, the BCHUSD pair rose across the $280 mark. Protixder is a TradingView analyst who is of the opinion that the cryptocurrency may see a rise towards the $350 level soon.
1-Day Bitcoin Cash Price Analysis (8th April)
The cryptocurrency started at the $252 level, while it saw an incline towards the $280 mark early in the day. The coin saw a day’s high of $280.502812 US Dollars, while it saw a bearish movement at 10:40 GMT. The coin’s price line was observed falling back towards the $260 mark. The cryptocurrency traded between $260 and $268 until the end of the day. Bitcoin Cash concluded the day’s trade at a price of $266.860000 US Dollars.
Bitcoin Cash: rise to $350?
According to Protixder’s belief, the cryptocurrency should see its first rise towards the $350 mark after its halving.
The crypto analyst drew an ascending triangle for the cryptocurrency, while the idea still seems to be in play as Bitcoin Cash nears the $270 mark.
Featured Image by Thongchai Tokvamroo.
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.