Bitcoin Cash price line sees an upward movement after closing on the $375.00 mark on the last day of January 2020. The cryptocurrency saw bulls that made the price line cross the $388.00 level. The trading pair saw an irregular price trend that followed a decline towards the $376.00 mark, followed by another bullish trend towards the $380.00 mark closer to the end of February 01.
1-Day Bitcoin Cash Price Analysis (February 01)
The cryptocurrency’s price line stood at $375 just as the coin began its trade on February 01. BCHUSD saw bulls that took the coin across the $388.00 level by 02:17 GMT, and then at 02:37 GMT. The price retreated towards the $382.00 mark with a few bounces that peaked near the $388.00 mark. The cryptocurrency’s price fell below the $376.00 mark just before noon. The coin saw retracement by 13:04 GMT and was led across the $380.00 mark by 13:16 GMT.
The BCH/USD trading pair stayed between the price marks $378.00 and $382.00 until it came to its closing value of $377.76 US Dollars.
Technical Indicators for Bitcoin Cash
The Relative Strenght Index (RSI) is currently at 38.80, while it crossed level 70 at 02:16 GMT to reach 75.97. The 20-Day Exponential Moving Average (EMA) closed at 379.24, whereas the other technical indicator, 50-Day Moving Average (MA), closed at $379.59.
Featured Image by Adriel Kloppenburg.
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.