Bitcoin Cash was traded at $220.48 on November 28, 2019, with an upward trend. It moved to the highest price of $225.96 the next day. There was a slight dip by 6% with the price being traded at $203.53 on December 4, 2019. From December 4 to 14, the price was trading almost at the same pace. There was a marginal drop of 1.75% marked with BCH price reaching $212.43 on December 14, 2019. Two days later, there were multiple sharp drops and Bitcoin Cash price reached $173.50. Since yesterday, it seems that the coin has gained some pace as it has started to move upwards.
Bitcoin Cash shows a good rise of 12% as compared to December 25, 2019. It may manage to move further up the ladder and reach $218.42 shortly.
As per Trade99’s analysts’ recommendation, traders should purchase new coins and retain the same for the long-term. MACD also confirms that the currency will trade upwards for some time, but we can see that the MACD line had just crossed the signal line, the coin may start trade downwards again. The price trend of BCH shows the bears gaining control over the coin from about December 16 until yesterday.
