The Bitcoin Cash (BCH) price line shows a continuous inclination towards the $348.00 mark. The coin had started the day from the closing price for January 25, which was marked at the $308.00 level on the 1-Day price chart for Bitcoin Cash.
1-Day Bitcoin Cash Price Analysis (January 26)
After starting the day’s trade at the $308.00 mark, the cryptocurrency stepped onto the upward trek across the $348.00 mark. The Bitcoin Cash price had reached the $324.00 mark by 08:27 GMT, and it stayed at the same level until noon after which it moved to the $328.00 mark. At 15:47 GMT, the Bitcoin Cash / US Dollar trading pair saw a bullish movement that took the price line towards the $344.00 level by 17:02 GMT.
After 18:10 GMT, the price line showed ruffled price movements until it reached the day’s closing price of $348.99 US Dollars.
Moving Average Convergence Divergence (MACD)
The MACD lines stayed close to the cryptocurrency’s price movement for January 26. Since the cryptocurrency saw a continuous incline, the 20-Day Exponential Moving Average (EMA), and the 50-Day Simple Moving Average (SMA) were able to draw relatively straighter lines that stretched along the price line. The EMA closed the day at $344.66, while the SMA closed at $344.27.
The Relative Strength Index (RSI) was seen at 67.48 when the day came to an end.
Featured Image by Oscar Keys.