Bitcoin Cash price rises above $348

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)

bitcoin cash price chart

Bitcoin Cash Price Chart by TradingView

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)

bitcoin cash price featured chart

Bitcoin Cash Featured Price Chart by TradingView

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.