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)
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
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.