The Bitcoin Cash price line fell towards the $210 level just before closing on the 27th of March when the cryptocurrency traded at the $225.00 mark. On the 28th of March, the BCHUSD pair trades within a day’s range of $203.690000 — $218.000000.
1-Day Bitcoin Cash Price Analysis (28th March)
The cryptocurrency saw a bearish fall just before it stepped on the price chart for the 28th of March. The BCHUSD pair began the day’s trade at a price of $209.35 US Dollars, after which it moved irregularly between the $203 and $218 marks for the rest of the trade. Just before 18:00 GMT, the cryptocurrency slipped below the $204 mark and saw a day’s low of $203.336861 US Dollars, after which it saw a bullish momentum and headed right across the $217.50 mark to reach a day’s high of $218.789173 US Dollars. The BCHUSD trading pair closed the day’s trade at a price of $214.47 US Dollars.
Bitcoin Cash: technical indicators
The Relative Strength Index (RSI) closed at 54.68, while it remained in between the levels 30 and 70 through most of the price chart for the 28th of March.
At the time of closing, the 20-Day Exponential Moving Average (EMA) stood at $213.896439, and the 50-Day Moving Average (MA) was observed at the $217.711800 mark.
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.