Bitcoin Cash (BCH) starts on a downward trend after reaching across $453 at the start of February 07. The Bitcoin Cash price line declined gradually over the course of February 07 and reached the $434.00 by the end of the day.
1-Day Bitcoin Cash Price Analysis (February 07)
The Bitcoin Cash (BCH) cryptocurrency began trading on February 07 with a starting price of $451, the cryptocurrency was subject to a bullish momentum from the end of February 06. The bulls took the price to a day’s high of $453.845630 US Dollars by 03:14 GMT, and the coin drastically fell to the $440.00 mark by 03:55 GMT.
The cryptocurrency showed ruffled price movements over a graph with a negative slope until the end of the day. The price saw a few price-jumps, though currently, it stands at $434.000000 US Dollars.
Technical Indicators for Bitcoin Cash
The 20-Day Exponential Moving Average (EMA) closed at $435.52434, and the 50-Day Moving Average (MA) closed at $437.018000. The Relative Strength Index (RSI) does not show any instances where the coin may have been overbought or oversold. Currently, the RSI lies below 50.00, at 38.43.
Featured Image by Orlova Maria.
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.