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Bitcoin Cash price turns bearish, falls to $210

Bitcoin Cash price turns bearish falls to

The Bitcoin Cash price line, that was held up by the support at $222, broke below and fell towards the $211 level. Vukas7 is a TradingView analyst who believed that the coin would have observed an uptrend towards the $235 mark.

1-Day Bitcoin Cash Price Analysis (15th April)

Bitcoin Cash Price Chart

Bitcoin Cash Price Chart by TradingView

The cryptocurrency’s trading pattern for the 15th of April appears to be ruffled above the $222 level for most of the day. The coin saw a day’s high of $225.48 US Dollars in the first quarter of the day. The pair exhibited a trade between the $220 and $226 levels on the price chart until after 22:30 GMT. After experiencing bears at the end of the day, the pair fell below the $220 mark and continued its fall towards the $211 level. The cryptocurrency closed the day with a trading value of $214.20 US Dollars.

Bitcoin Cash: break below $215?

As per Vukas7’s idea, the cryptocurrency should have seen an uptrend towards the $235 mark whilst attempting to cross the 100-Day Moving Average (100MA).

Bitcoin Cash Featured Price Chart

Bitcoin Cash Featured Price Chart by TradingView

According to the crypto analyst, if the cryptocurrency made its way to the $235 mark, the second target would’ve lied near $245. However, the BCUSD pair broke below the $215 mark, invalidating this idea before it could come into play. As of now, the cryptocurrency has fallen towards the $210 mark and is under a bearish momentum.

Featured Image by Gerd Altmann.

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.

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

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