The crypto markets are taking quite the hit today. Bitcoin Cash (BCH), for instance, is in the red zone. But the Bitcoin Cash (BCH) team has too much going on next week to worry about this, specifically; the Bitcoin Cash network upgrade.
Bitcoin Cash price is attempting to pare previous losses, and the coin is heading to surpass the three months high that it touched during the latest bull-run. Bitcoin Cash rose at a double-digit rate on Wednesday and is extending the uptrend into today’s trading. BCH coin is up 5% today and trading above the $1,500 level.
Bitcoin Cash (BCH) price continues to trade in a narrow range over the last couple of days after hitting its three months high last week. The broader market selloff and trader profit taking strategy are hindering the BCH bull run. Its price rose from $600 at the beginning of this month to $1,550 on April 24. The stunning bull run of more than 100% in the fourth largest coin created a strong selling opportunity for the short-term investors.
Bitcoin Cash (BCH) outperformed the rest of the top ten cryptocurrencies in regards to price appreciation last week: demand for Bitcoin Cash has been increasing at a robust pace supported by trader’s optimism in the infrastructural improvement in virtual currency markets.
Bitcoin Cash’s downside has been confirmed as it falls to $1,200.
February 9, 2018 – Bitcoin Cash price watch.
February 8, 2018 – Bitcoin Cash Price Watch