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Home News Bitcoin Cash News

Bitcoin Cash price reaches for $397.50

Aroosa Nadeem by Aroosa Nadeem
Jan 31, 2020 07:49 pm
in Bitcoin Cash News
2 min read
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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)

Bitcoin Cash Price Chart

Bitcoin Cash Price Chart by TradingView

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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

Bitcoin Cash Price Featured Chart

Bitcoin Cash Featured Price Chart by TradingView

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.

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

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