The Bitcoin Cash price retraced towards the $436.00 mark after it saw an increase above the $448.00 level on the price chart, with the start of February 06. Before the price line entered February 06, the trading pair stayed near the $432.00 and $436.00 marks. The slope of the graph shows a gradual increase in price throughout the day.
1-Day Bitcoin Cash Price Analysis (February 06)
As seen in the chart above, the cryptocurrency varied between and near the $432.00 and $436.00 marks for the last 8 hours of February 05. The trading pair saw bulls at 23:29 GMT and the price rose across the $448.00 mark when February 06 began. The highest value of the cryptocurrency for both of the days was marked at $448.860178 US Dollars. The cryptocurrency fell back to the $436.00 mark by 00:18 GMT on February 06. The price line can be seen gradually moving up on the graph, though it experienced a $23 price fall which started at 13:11 GMT, and the price had fallen to a low of $419.343950 US Dollars by 13:49 GMT.
The cryptocurrency saw immediate recovery and the price rose above the $444.00 mark by 14:31 GMT. Currently, the coin trades at $446.2400 US Dollars.
Technical Indicators for Bitcoin Cash
The 20-Day Exponential Moving Average (EMA) lies at $440.840658, while the 50-Day Moving Average (MA) closed at $439.329200. The Relative Strength Index (RSI) was seen at 67.22.
Featured Image by Samson.
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.