The Bitcoin Cash price line saw a bullish momentum towards the $230 mark on the 13th of March, after which it fell back towards the $160 level. The cryptocurrency traded in a day’s range of $143 – $231.
1-Day Bitcoin Cash Price Analysis (13th March)
The cryptocurrency began the day’s trade at the $143 mark, and it saw a highly bullish movement at around 02:20 GMT. The bulls took the price to a day’s high of $231.70 US Dollars, after which it gradually came back down to the $165.0 mark. The cryptocurrency showed ruffled price movements for the rest of the day. It traded between the $155 and the $190 levels until the end of the 13th of March, and it closed the day with a trading value of $178.13 US Dollars. As of now, the cryptocurrency stands at $177.94 US Dollars.
Bitcoin Cash: technical indicators
The 20-Day Exponential Moving Average (EMA) lay at the $176.57 mark at the end of the day, while the 50-Day Moving Average (MA) closed below the 20EMA, at $174.83. The Relative Strength Index (RSI) turned bullish just before closure, where it moved above level 50.00, and reached its current standing at the 65.04 mark.
Featured Image by Austin Distel.
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.