The Bitcoin Cash price line heads towards the $140 mark on the 12th of March, after seeing a very bearish momentum in the afternoon. The cryptocurrency trades within a day’s range of $132.850000 — $244.360000.
1-Day Bitcoin Cash Price Analysis (12th March)
The cryptocurrency began the day’s trade above the $260 mark and it saw fell to the $180 mark as of noon on the 12th of March. The coin kept its trade at the $180 mark until 23:00 GMT when it moved to the $140 and closed the day at a price of $143.25 US Dollars. The cryptocurrency saw some retracement towards the $240 and it immediately came back to its current trading value of $177.18 US Dollars.
Bitcoin Cash: predictive analysis
The second bottom can be seen on the 12th of March, when the cryptocurrency hit the $177 mark. The coin is expected to see itself to a rebound to complete the double bottom pattern.
Featured Image by Austin Distel.
Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan.com holds no liability towards any investments based on the information provided on this page.