The Bitcoin Cash price line crossed the $246 mark on the 20th of March, after which it took a dip below the $190 level before observing a price recovery towards the $220 level. The cryptocurrency trades within a day’s range of $211.050000 — $228.000000.
mycotoxin is a Trading view analyst who believes that Bitcoin Cash is targeting towards the $175 or the $180 levels as its next price stops.
1-Day Bitcoin Cash Price Analysis (20th March)
The cryptocurrency began the day’s trade above the $220 level, while it rose across the $246 mark before noon. The coin reached a day’s high of $246.230814 US Dollars. It gradually retreated below the $190 level towards the end of the day’s chart. The cryptocurrency saw some price recovery and reached above the $220 mark after closing on the 20th of March, with a trading price of $211.516527 US Dollars. As of the time of writing, the coin trades at $219.30 US Dollars.
Bitcoin Cash: $175 or $180 next?
mycotoxic is of the opinion that the cryptocurrency is set to fall towards the $175 mark next.
At the time of writing, the cryptocurrency trades between the $215 and $220 marks. This idea is yet to play out. The crypto analyst also suggested that the coin may fall to the $180 mark instead.
Featured Image by Jason Briscoe.
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.