The Bitcoin Cash price line crept past the $230 level before falling down towards the $220 level. The cryptocurrency traded within a day’s range of $214.090000 — $231.280000. According to coinmarketcap.com, the coin has a current market capitalization of $4,093,455,004 US Dollars.
1-Day Bitcoin Cash Price Analysis (25th March)
The BCHUSD pair traded between the $222 and $232 levels until 10:40 GMT on the price chart for the 25th of March. The coin fell below the $222 mark near midday, right after it scored a day’s high of $231.459801 US Dollars. After the bearish momentum, the coin fell to a day’s low of $214.354104 and closed the day with a trading value of $223.220000 after trading between the $218 and $224 levels for the rest of the day.
Bitcoin Cash: technical indicators
The 20-Day Exponential Moving Average (EMA) can be observed at the $222.615629 mark where it closed on the 25th of March. At the same time, the 50-Day Moving Average (MA) saw to the day’s closure at the $219.938200 mark.
The Relative Strength Index (RSI) can be observed in its normal range of 30.00 to 70.00 for the 25th of March. The RSI rose above the level 70.00 at 09:17 GMT and reached a high of 81.27, which means that the coin overbought at the time.
Featured Image by Csaba Nagy.
Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan holds no liability towards any investments based on the information provided on this page.