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Home News Bitcoin Cash News

Bitcoin Cash price rests at $383

Aroosa Nadeem by Aroosa Nadeem
Feb 05, 2020 at 03:01 am
Updated Aug 02, 2020 at 07:08 am
in Bitcoin Cash News
2 min read
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The Bitcoin Cash price line stretches above the $392.00 mark after facing a bullish trend at the beginning of February 03. The cryptocurrency’s price line devastatingly fell below towards the $378.00 after  02:00 GMT. The coin’s price varied between the $382.00 and $384.00 levels on the price chart for the rest of the day.

1-Day Bitcoin Cash Price Analysis (February 03)

Bitcoin Cash Price Chart

Bitcoin Cash Price Chart by TradingView

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The cryptocurrency continued the bearish trend from February 02 until 00:05 GMT when the coin reached a day’s low of $373.91 US Dollars. The coin saw bulls at 00:08 GMT, and the movement is shown as an upward pull that let the price reach the day’s high of $393.36 US Dollars by 01:35 GMT.

The BCH/USD trading pair crashed downwards after 01:51 GMT and until 02:02 GMT, due to a bearish fall. The cryptocurrency’s price line showed variations between the $378.00 and $384.00 marks on the price chart. As the day passed, the variations grew shorter until they eventually stayed between the $382.00 and $384.00  marks, closer to the end of the day. BCH closed the day at $383.11 US Dollars.

Technical Indicators for Bitcoin Cash

Bitcoin Cash Featured Price Chart

Bitcoin Cash Featured Price Chart by TradingView

The 20-Day Exponential Moving Average (EMA) closed the day at $382.62, and the 50-Day Moving Average (MA) had a closing value of $381.75. The Relative Strength Index (RSI) slid past the 70.00 mark to reach 83.27 by 01:35 GMT, while it stayed between 30.00 and 70.00 for the rest of the day’s trade.

Featured Image by Polina Rytova.

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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