The Bitcoin Cash price line moved across the $226.00 mark on the 30th of March, before it returned below the $220.00 level at the time of closing. The BCHUSD pair traded between the $204.00 and $228.00 levels.
1-Day Bitcoin Cash Price Analysis (30th March)
The coin traded at $205.759654 at the beginning of the day, this was also the day’s low for the 30th of March. After being subjected to a bullish momentum, the cryptocurrency made its way to the $224 mark after 17:00 GMT. After another bullish run, the BCHUSD pair was able to reach a day’s high of $227.265536 US Dollars closer to the end of the day. The Bitcoin Cash / US Dollar trading pair closed the day’s trade with a value of $219.120000 US Dollars.
Bitcoin Cash: technical indicators
The 20-Day Exponential Moving Average (EMA) closed at $222.552563, while the 50-Day Moving Average (MA) was observed at $223.574600.
The Relative Strength Index (RSI) stayed in its normal range and showed no oversold or overbought instances for Bitcoin Cash on the 30th of March. However, the RSI turned bearish before closing on the day, and reach a low of 25.29.
Featured Image by Boonmachai Mingkhwun.
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.