Bitcoin Cash Price Recap Shows Altcoin Is Up To $3.93: Analysis

The Bitcoin cash price recap shows that the altcoin is up to $3.93 on the 4-hour chart which started trading today by 1.39% as we are reading more in the upcoming Bitcoin Cash news today.

The Bitcoin Cash price recap shows that the asset increased by 1.35% since the last 4-hour candle marked the 2^nd candle in a row that increased. Out of the 5 instruments in the top crypto asset class as BCH ended up as the 2^nd place for the four-hour candle in regards to price changes relative to the 4-hour candle. The price movement in the recent daily price action continues, coming in at a price of $292 increasing by 1.39% since yesterday. The price could have occurred on a stronger volume mainly because the volume yesterday was up by 4.23% from the day before and up by 81% from the same day a week ago.

Bitcoin Cash Daily chart (Source: Coingecko)

Out of the 5 instruments in the top Crypto asset class, BCH ended up on the third position in terms of price change compared to yesterday. The traders will want to observe that the strongest trend seems to appear on the 14-day charts while over that time period the price started moving up. The node is that on the 90-day basis the price seems to be forming stable which could stage a support or resistance level forward.

In the recent bitcoin cash news, A bitcoin cash breakout is imminent all thanks to the price surge in BTC over the weekend. Further resistance targets are seen at the $300 and $308 while the $354 Is the ceiling level with the near-term potential upside targets. However, the attainment of these will solely depend on the strong move by BTC to the $11,000 price point which will then exert a similar correlated pressure for the BCH/USD pair.

BCH weekly chart — Bitcoin Cash Weekly Chart (Source: Coingecko)

Grayscale said they just got the approval from FINRA to list the shares of two of the funds on OTC Markets- The Grayscale Bitcoin Cash Trust and the Grayscale Litecoin Trust. This means that these two were previously accessible to accredited investors and now they can be purchased by retail investors with access to OTC markets.

The market has been in quite the exciting state over the past few weeks so it’s important to keep an eye of the price in the upcoming days.

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