Temporary Gain in Bitcoin Cash Price

In last few days BCC showed the temporary gain as its price was managed from falling below $1000. Now Its price is struggling to cross the $1350 mark and price trend is again towards down side.

Bitcoin Cash Waiting for a Huge Pump

As few days earlier when its price reached $2800 there was a huge pump in price but it was temporary and for very short time. After that pump there was a dump and that dump was equally powerful to the pump. Its price was dipping very fast towards $1000 but some how price managed to rise above $1000 and now its price will take some time to reach all time high however nothing is confirm in crypto currency trading.

Source : https://coinmarketcap.com/currencies/bitcoin-cash/

The US$3.34B trading volume in one day shows that there is a strong support for BCC otherwise reaching such a huge volume was not possible. This support could be the result of spike that appeared on the price graph few days ago. Competition between two currencies bitcoin and bitcoin cash is going to affect the price of both currencies specially bitcoin cash any instability in bitcoin community will result in bitcoin cash pump however there are bitcoin cash holders who completely believe in its concept.