Bitcoin
$ 29,540.00 1.38%
Ethereum
$ 1,983.23 1.71%
Solana
$ 50.53 3.17%
Dogecoin
$ 0.085759 3.20%
ApeCoin
$ 8.07 5.55%
STEPN
$ 1.37 3.54%
Terra
$ 0.000122 12.45%

Bitcoin Cash price rises above $290

Bitcoin Cash price rises above

The Bitcoin Cash price line rose above $286 on the 23rd of August. The cryptocurrency traded between the $278 and $288 levels over the day.

1-Day Bitcoin Cash price analysis

Bitcoin Cash price chart 1 - 23 August

Bitcoin Cash price chart by Trading View

At the beginning of the 23rd of August, the cryptocurrency traded at $287.29, which was also the day’s highest for the 23rd of August. For the day’s lowest, the BCH price line fell below the $280 mark before noon. After 12:00 GMT, the cryptocurrency turned bullish and moved towards the $286 level. The price line oscillated between the $278 and $288 levels over the day’s trade. Bitcoin Cash closed the day at the $284.03 mark, while at the time of writing, it rose to the $292 level.

Bitcoin Cash technical indicators

Bitcoin Cash price chart 2 - 23 August

Bitcoin Cash price chart by Trading View

The moving average technical indicators for the BCHUSD pair rose across the $286 mark on the 23rd of August. At the time of writing, the 20-Day Exponential Moving Average (20EMA) was observed at the $290.91 mark on the 24-Hour time frame, while the 50-Day Moving Average (50MA) stood at $289.73.

On the 23rd of August, both of the moving averages, the 20EMA, and the 50MA closed at the $285.03 mark. The Relative Strength Index (RSI) was observed at 59.45 at the time of writing. The RSI indicator moved to a day’s high of 79.16 on the 23rd of August. This means that the cryptocurrency was overbought at the time.

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.

Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

Related News

Hot Stories

Shiba Inu price analysis: SHIB devalues at $0.00001150 after bearish run
Ethereum wipes out $8.10B while eagerly awaiting 'The Merge'
Verasity Price Prediction 2022-2031: Soon to hit $0.50 after Crypto.Com listing?
Nox Bitcoin, a Brazilian crypto exchange, refunds customers UST at $1
Ethereum founder confesses how he has been affected by the crypto crash

Follow Us

Industry News

Nox Bitcoin, a Brazilian crypto exchange, refunds customers UST at $1
Ethereum founder confesses how he has been affected by the crypto crash
OpenSea launches Seaport NFT marketplace
President of Panama Refuses to Sign the Cryptocurrency Bill
Gabe Plotkin's hedge fund Melvin Capital shut its doors this week