The Bitcoin Cash price line retreats to the $260 mark on the price chart after being carried by the bulls across the $278 mark on January 11.
1-Day Bitcoin Cash Price Analysis (11 January)
The BCH price line stretched across the $268.00 mark on the 1-Day price chart at the beginning of the price analysis for January 11. Early into the day, the cryptocurrency managed to pull the price across the $278.00 level. At 01:23 GMT, the coin had reached the day’s high of $279.17 US Dollars, immediately after which the coin retreated the $270.00 price mark. Until after 10:00 GMT, the cryptocurrency kept trading between the $270 to $272 range, after which it saw a bearish fall towards the $264.00 level. At 14:06 GMT, the graph showed a price bounce that managed to peak at $270.47 US Dollars.
The cryptocurrency saw trade between the $268 to $270 marks until it saw another bearish fall that took it to its current trading price of $260.54 US Dollars.
Moving Average Convergence Divergence (MACD)
The Relative Strength Index (RSI) was seen at 42.81 at the time of writing. The 20-Day Exponential Moving Average (EMA) depicted movements near the 50-Day Simple Moving Average (SMA) and concluded at $261.39. The SMA ended the day at $264.44.
Featured Image Background by Johann Siemens.