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Home News Bitcoin Cash News

Bitcoin cash price movement in close pursuit of BTC

Taha Farooqui by Taha Farooqui
April 30, 2020
in Bitcoin Cash News
2 min read
Bitcoin cash price movement in close pursuit of BTC
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The Bitcoin Cash price line observed an uptrend on the 29th of April as the altcoin market turned bullish. The cryptocurrency rose by over 11% on the day’s chart and crossed the $268 mark.

The TradingView analyst Kyer believes that the cryptocurrency would soon break the resistance placed at the $267 level.

1-Day Bitcoin Cash price movement

Bitcoin cash price chart 1 - 29 April 2020

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Bitcoin Cash price chart by TradingView

The BCHUSD pair lay below the $242.50 level at the beginning of the day’s trade, while it saw a continuous upward movement over the day’s course. The cryptocurrency crossed the $257.50 level by 16:30 GMT while on the 29th of April, it closed with a trading value of $257.55 US Dollars.

On the 30th of April, the BCHUSD pair saw another uptrend and the price line immediately moved across the $268 mark. At the time of writing, Bitcoin Cash trades at $267.82 US Dollars.

Bitcoin Cash: breaks $267 resistance

According to Kyer’s idea, the cryptocurrency had recently made its way across the resistance that lay at the $246.3 mark and the analyst suggested that the cryptocurrency will soon break the $267 resistance.

Bitcoin cash price chart 2 - 29 March 2020

Bitcoin Cash price chart by Trading View

This idea came into play on the 29th of April, the cryptocurrency’s price rose by over $28 US Dollars which allowed the coin to reach the resistance placed at the $237.6 mark. This validates the idea presented by the crypto analyst, who had mentioned the current standing of BCHUSD as its upcoming price target only a few hours before the time of writing.

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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.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

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