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Home News Bitcoin Cash News

Bitcoin Cash price rises above $246: what’s next?

Aroosa Nadeem by Aroosa Nadeem
March 21, 2020
in Bitcoin Cash News
2 min read
Bitcoin Cash price rises above $246: what's next? 1
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The Bitcoin Cash price line crossed the $246 mark on the 20th of March, after which it took a dip below the $190 level before observing a price recovery towards the $220 level. The cryptocurrency trades within a day’s range of $211.050000 — $228.000000.

mycotoxin is a Trading view analyst who believes that Bitcoin Cash is targeting towards the $175 or the $180 levels as its next price stops.

1-Day Bitcoin Cash Price Analysis (20th March)

Bitcoin Cash Price Chart

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Bitcoin Cash Price Chart by TradingView

The cryptocurrency began the day’s trade above the $220 level, while it rose across the $246 mark before noon. The coin reached a day’s high of $246.230814 US Dollars. It gradually retreated below the $190 level towards the end of the day’s chart. The cryptocurrency saw some price recovery and reached above the $220 mark after closing on the 20th of March, with a trading price of $211.516527 US Dollars. As of the time of writing, the coin trades at $219.30 US Dollars.

Bitcoin Cash: $175 or $180 next?

mycotoxic is of the opinion that the cryptocurrency is set to fall towards the $175 mark next. 

Bitcoin Cash Featured Price Chart

Bitcoin Cash Featured Price Chart by TradingView

At the time of writing, the cryptocurrency trades between the $215 and $220 marks. This idea is yet to play out. The crypto analyst also suggested that the coin may fall to the $180 mark instead.

Featured Image by Jason Briscoe.

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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