After closing near the $348.00 mark, the Bitcoin Cash price line sees bulls as it steps onto the price chart for January 27. The cryptocurrency immediately reached the $360.00, shortly after the start of the day’s trade. The coin crossed the $376.00 mark before it retreated towards the $360.00 level before the traded came to its conclusion.
1-Day Bitcoin Cash Price Analysis (January 27)
After acquiring a starting price of $348.65 US Dollars, the BCH price line stretched towards the $360.00 mark, while it traded between the $352.00 and $360.00 marks until 06:04. The BCH coin stepped over the $368.00 mark after it saw bulls at 11:30 GMT.
According to the 1-Day price chart for the BCH/USD trading pair, the coin traded near the $368.00 and $376.00 marks until 21:10 GMT. At 15:45 GMT, the cryptocurrency saw a day’s high of $376.65 US Dollars. After 22:26 GMT, the coin retreated towards the $360.00 mark and scored a day’s closing value of $363.79 US Dollars.
Moving Average Convergence Divergence (MACD)
The Relative Strength Index (RSI) met a value of 84.01 at 00:21 GMT, and it reached a value as low as 17.21 at 22:40 GMT. Currently, the technical indicator stands at 55.08.
The 20-Day Exponential Moving Average (EMA) closed trade at $362.10, whereas the 50-Day Moving Average (MA) stood at $364.32 at the end of the day.
Featured Image by Aleks Dahlberg.
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.