logo

Bitcoin Cash price takes the fall to $322

Bitcoin Cash price takes the fall to

The Bitcoin Cash price line sees a bearish momentum towards the $320 mark on the 7th of March. The cryptocurrency was observed trading with a day’s range of $318.100000 — $329.100000. hoseingholami is a trading view analyst who was of the opinion that the cryptocurrency would see an uptrend after it broke through the buy zone at $344.

 1-Day Bitcoin Cash Price Analysis (07th March)

Bitcoin Cash Price Chart

Bitcoin Cash Price Chart by TradingView

Bitcoin Cash started the day’s trade near the $352 mark and it stayed between the $344 and $352 levels until it saw bears at 16:55 GMT. The price line immediately fell towards the $332 mark. The cryptocurrency saw to the day’s closure with a trading price of $328 US Dollars, after which it saw further decline towards the $320 mark.

Currently, the cryptocurrency trades with a value of $322.430 US Dollars. The 20-Day Exponential Moving Average (EMA) lies below the 50-Day Moving Average (MA), at $322.206299, and the 50MA lies at $324.435200. The Relative Strength Index (RSI) stands at 49.13.

Bitcoin Cash: predictive analysis

hoseingholami drew the expected path for the BCHUSD pair, which showed that the price line for the cryptocurrency should move up towards the $408.11 as it’s next target.

Bitcoin Cash Featured Price Chart

Bitcoin Cash Featured Price Chart by TradingView

However, the order seems to have been cancelled and the price line has fallen towards the $322 mark, the next two support lines lie at $300.35 and $295.10.

Featured Image by M. B. M.

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.

Related News

Hot Stories

Cardano price analysis: Price levels down to $0.319 as bearish pressure prevails
FTX crash: Crypto bear market to extend till late 2023
Biden pushes for tighter international crypto regulation
Binance Coin price analysis: BNB falls to $270 as selling pressure increases
FTX hacker swaps millions in ETH for RenBTC Tokens

Follow Us

Industry News

FTX crash: Crypto bear market to extend till late 2023
FTX hacker swaps millions in ETH for RenBTC Tokens
How can CEXs pursue safe practices? Ethereum co-founder shares insights
Best crypto memes of the day - November 18th
Best Twitter threads of the day - November 18th

Add Your Heading Text Here