BCH Price Prediction: Bitcoin Cash risks a price decline towards $500 as selling spree looms
Robert Githinji, 07 April 2021
Over the past few days, Bitcoin Cash has been recording significant price surges, appreciating by over 30 percent in value. Despite the impressive bull run, Bitcoin Cash recently experienced a price correction towards the $600 region. At present, multiple technical indicators are showing BCH could experience further price declines.
At the time of writing, Bitcoin Cash appears to have broken out exchanging hands at $632, which is about 50 percent above the 2 week low of $440. The current value also happens to be 15 percent below the year high of $780. In the process, BCH market capitalization has increased by about $15 billion ever since the surge began.
