Bitcoin Cash price sees bulls towards the $395.00 mark after trading with an irregular price trend. The cryptocurrency had dropped below the $375.00 tag on the price chart as a result of the bearish trend that it followed as January 29 ended.
1-Day Bitcoin Cash Price Analysis (January 30)
BCH stood at $378.09 just as it entered the chart for January 30. The cryptocurrency continued its decline until it reached $372.88, where it marked the day’s low. The trading pair saw retracement, and the price moved towards the $390.00 mark, after which it retreated between the $380.00 to $387.00 trading range. The cryptocurrency saw another incline towards $393.25 US Dollars at 16:26 GMT, after which it immediately returned to $381.03 US Dollars.
At 16:55 GMT, the trading pair’s price line was led across the $395.00 mark and it marked the day’s high of $398.99 US Dollars. The cryptocurrency closed trade at $392.62 US Dollars.
Technical Indicators for Bitcoin Cash
The 20-Day Exponential Moving Average (EMA) closed trade at $392.40, while the 50-Day Moving Average (MA) has a closing value of $392.43. The third technical indicator, the Relative Strength Index (RSI), stood at 50.75 on the scale at the end of the day.
Featured Image by Messala Ciulla.
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.