The Bitcoin Cash price sees a bearish momentum towards the end of the 19th of February. The coin fell towards the $370 mark afterward.
Bitcoin Cash traded between the $370 and $380 levels on the 20th of February while the price line gradually moved towards the $360 mark closer to the end of the day.
1-Day Bitcoin Cash Price Analysis (20th February)
The BCHUSD pair was seen trading near the $420 mark until after 21:25 GMT when the price saw bears and fell below the $380.00 mark.
On the 20th of February, the price line can be seen varying just above the $380 mark until 07:37 GMT, after which the price fell further below on the price chart. The cryptocurrency eventually fell to a low of $355.75. As of now, BCH trades at $363.670000 US Dollars.
Bitcoin Cash: Technical Indicators
On the other hand, among the important indicators, the Relative Strength Index (RSI) for Bitcoin Cash shows relatively lesser volatile movements over the 24-Hour trade. The RSI was observed with no significant overbought or oversold indications for the coin.
Both of the other technical indicators can be seen moving close to the BCHUSD price line. The 20-Day Exponential Moving Average (EMA) marked its day’s closing value below the BCHUSD pair, at $363.129839, whereas the 50-Day Moving Average (MA) was seen closing at $364.107200.
As per coinmarketcap.com, the Bitcoin Cash price has seen itself to a price fall of 11.04%, while it trades with a day’s range of $354.000000 — $387.020000.
Featured Image by micah boswell.
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.