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Bitcoin Cash price experiences fall to $230

Bitcoin Cash price experiences fall to

The Bitcoin Cash price saw a fall on the 19th of April as the cryptocurrency’s price line made its way towards the $230 mark on the price chart. The cryptocurrency traded between the $230.00 and $248.00 levels for the day.

1-Day Bitcoin Cash Price Analysis (19th April)

Bitcoin Cash Price Chart

Bitcoin Cash Price Chart by TradingView

The BCHUSD pair fell towards the $244.00 level just as it stepped on the price chart for the 19th of April. The cryptocurrency gradually made its way towards the $238.00 level before midday. The cryptocurrency saw a day’s high of $249.44 US Dollars.

In the afternoon, the cryptocurrency saw another bearish movement that caused the price line to fall below the $232.00 level, and to a day’s low of $229.33 US Dollars. The cryptocurrency traded between the $230.00 and $236.00 levels until the end of the day, where the BCHUSD pair closed at $230.37 US Dollars.

Bitcoin Cash: technical indicators

Bitcoin Cash Featured Price Chart

Bitcoin Cash Price Chart by TradingView

The 20-Day Exponential Moving Average (EMA) and the 50-Day Moving Average (MA) saw a decline as the BCHUSD pair turned bearish on the 19th of April. The moving averages saw a continuous decline towards the $234.00 mark, where the 20EMA closed at $234.24, above which the 50MA closed at 2324.35.

The Relative Strength Index (RSI) fell to a low of 20.84 two times in the afternoon of the 19th of April. This indicates that the coin was oversold at those two instances.

Featured Image by Gerd Altmann.

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.

Aroosa Nadeem

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.

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