The Bitcoin Cash price line fell to the $200 level after seeing a day’s high above the $232 mark on the price chart for the 22nd of March. The cryptocurrency traded between the $198.800000 and $212.700000 marks. AsimMirza786 believes that the bears are taking control of the BCH market.
1-Day Bitcoin Cash Price Analysis (22nd March)
The Bitcoin Cash price line was observed below the $220 level at the start of the day. The coin rose across the $232 mark and reached a day’s high of $233.158952 US Dollars, after which saw a continuous fall for the rest of the day. The cryptocurrency closed the day with a trading value of $201.112597 US Dollars. The trade stayed between the $200 and $212 levels for the rest of the trading period.
Bitcoin Cash: bears taking control?
AsimMirza786 is a TradingView analyst who is of the opinion that the bears may be taking control of the Bitcoin Cash market.
The analyst suggested that a good range for the long term entry would be $180 – $189. As per the idea, as soon as the market recovers, the cryptocurrency should be able to touch the $320 – $340 range.
Featured Image by Markus Spiske.
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.