Bitcoin Cash Price Analysis: Bulls soar towards $300-mark as UTXO set size grows to “levels not seen since 2017”

Cryptocurrency Apr 02, 2019 10:09PM ET

© Reuters. has spiked up from $167 to $257 over the last two days, charting a staggering 54% growth. Technical analysis shows that future growth is also expected.

Cash’s UTXO set size has reached its most significant level since 2017 which is historically an indicator of a bull run. Plus, the upcoming reward halving and hashrate increase have contributed to the rise in price as well. As the entire crypto market enjoys tremendous gains following this Tuesday’s bull run, a special mention must be made for . BCH/USD has grown by a staggering 58% over the last two days as its price has spiked up from $167 to $264. Apart from the overall bullish sentiment, several reasons have contributed to this outlandish boost in price:

Bitcoin Cash Price Analysis: Bulls soar towards $300-mark as UTXO set size grows to “levels not seen since 2017”

Related Articles