Bitcoin Cash price line stretches on January 09, depicting disheveled price movements until the price slipped below the $240 by the end of the 1-Day analysis.
1-Day Bitcoin Cash Price Analysis (09 January)
The cryptocurrency began its trade on January 09, with a starting price of $239.74 US Dollars. The BCH/USD trading pair saw an upward bounce that took the price line towards the $244.00 mark on the price chart. The BCH price reached a high of $243.56 US Dollars by 01:38 GMT, immediately after which the cryptocurrency retreated towards the $238.00 level, following a further decline that led the price below the $232.00 mark.
The coin managed to pull back its trading price above the $238.00 mark just before the day came to an end at 23:36 GMT. Currently, the cryptocurrency trades at $238.85 US Dollars.
Moving Average Convergence Divergence (MACD)
Both of the MACD lines have stretched near the trading pair’s price line, thus depicting no significant fall or rise in the cryptocurrency’s trading price. The 20-Day Exponential Moving Average (EMA) stood below the BCH/USD trading pair, at $237.74. The 50-Day Simple Moving Average (SMA) dropped below the EMA at 19:41 GMT, to reach a closing value of $235.56.
The Relative Strength Index (RSI) saw a high of 80:39 at 20:12 GMT. Currently, the RSI is placed at 60.05.
Featured Image Background by Kalen Emsley.