Bitcoin Cash price line soars above the $252 level on the price chart, followed by a bearish decline towards the $236.00 mark.
1-Day Bitcoin Cash Price Analysis (08 January)
After the price line stepped into January 08 with a price of $242.09 US Dollars, the cryptocurrency encountered bulls at 00:53 GMT that took the price line to a high of $253.70 US Dollars. The price line retreated towards the $240.00 mark on the price chart and had reached $240.49 US Dollars by 3:22 GMT. The BCH/USD trading pair shows disarranged bounces in the price line, accompanied by ruffled rises and falls in the price line until 16:27 GMT when the cryptocurrency faced bears and fell towards the $232.00 mark. By 16:44 GMT, the cryptocurrency saw the day’s low of $230.53 US Dollars. Currently, the coin trades at $237.44 US Dollars.
Moving Average Convergence Divergence (MACD)
The Relative Strength Index (RSI) stands at 44.02, while the 20-Day Exponential Moving Average (EMA) closed trade with a value of $238.83 and the 50-Day Simple Moving Average (SMA) ended the day below the trading pair’s price line, at $236.55.
Featured Image Background by Jake Givens.