1-Day Bitcoin Cash Price Analysis (10 January)
The cryptocurrency began the 1-Day trek with a trading price of $238.60 US Dollars, the coin stayed near the $236.00 level until 11:02 GMT, immediately after which the cryptocurrency saw bulls that led the trading pair’s price line towards $256. At 16:00 GMT, the coin was trading at $267.70 US Dollars, after which it slipped below the $260.00 mark, and continued trade within the $256 — $260 range until 20:29 GMT. Closer to the end of January 10, the Bitcoin Cash / US Dollar trading pair saw an incline and moved towards the $270 mark. Currently, the cryptocurrency trades at $271.41 US Dollars.
Moving Average Convergence Divergence (MACD)
Both of the MACD lines sketched their graphs closer to the trading pair’s price line, which depicts no abrupt variations in the cryptocurrency’s price. The 20-Day Exponential Moving Average (EMA) closed below the BCHUSD trading pair, at $269.79. The 50-Day Simple Moving Average (SMA) concluded the day with a closing value of $265.97.
The Relative Strength Index (RSI) rose to a high of 80.63, while it slipped beyond level 70 at various times of the day where the coin was subjected to overbought instances whereas the coin was not oversold as the RSI stayed above level 30.
Bitcoin Cash has a market capitalization of $4,833,506,420 US Dollars at the time of writing.
Featured Image Background by Qingbao Meng.