The Bitcoin Cash price line was observed moving across the $232 mark after depicting disheveled price variations for the coin. AsimMirza786 is a TradingView analyst who believes that the cryptocurrency has gained support from the 200-Day Moving Average which may allow it to see an uptrend soon. The coin traded within a day’s range of $217.620000 — $233.130000.
1-Day Bitcoin Cash Price Analysis (21st March)
The cryptocurrency began the day’s trade at the $212.50 level after which it rose across the $227.50 mark on the price chart for the 21st of March. The coin returned to the trading range of $207.50 – $220.00 after 06:00 GMT. Closer to the end of the day, the cryptocurrency’s price line saw an incline across the $227 mar, where it reached a day’s high of $229.472891 US Dollars.
Bitcoin Cash: uptrend next?
AsimMirza786 is of the opinion that the 200-Day Moving Average (MA) is allowing support to the BCHUSD trading pair.
The idea appears to play like the crypto analyst suggested that it would, the cryptocurrency is headed towards the $230 mark. Mirza suggested that if the coin heads across the $230 mark and stays there, the market may just turn bullish and the cryptocurrency may see $270 and $320 as its next price targets.
Featured Image by Mark Finn.
Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan.com holds no liability towards any investments based on the information provided on this page.