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 holds no liability towards any investments based on the information provided on this page.