Author: Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

Bitcoin Cash Price

Bitcoin Cash Price: retraces towards $242

On January 7, the Bitcoin Cash price line saw a gradual decline towards the $232.00 level, before it retraced to $242 prior to the day’s conclusion. Bitcoin Cash Price 1-Day Analysis (January 7) Price Chart by TradingView The cryptocurrency entered January 7 with its price of $245.90 US Dollars. It stayed above the $242.00 mark, where it depicted ruffled price movements until 4:08 GMT when the BCH price head below $242. The chart above shows that the coin kept trading between the $240.00 and $242.00 levels until 12:09 GMT when it saw a bearish drop. By 15:28 GMT, the price line slipped below $234.00 on the price chart, where it saw its day’s low of $231.94 at 16:00 GMT, immediately after which the cryptocurrency retraced towards $242, depicting a bullish recovery. Just after 18:14 GMT, the coin’s price line had reached $242.85, and it continued to vary between the $240.00 and $246.00 levels until the end of the day. As of now, the cryptocurrency trades at $242.92 US Dollars. Moving Average Convergence Divergence (MACD) Bitcoin …