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Bitcoin Cash price sees bears to $233

Bitcoin Cash price sees bears to

The Bitcoin Cash price line fell below the $234.00 level on the price chart for the 5th of April. The cryptocurrency turned bearish while it traded between the $226.00 and the $242.00 marks for the day’s trade.

1-Day Bitcoin Cash Price Analysis (5th April)

Bitcoin Cash Price Chart

Bitcoin Cash Price Chart by TradingView

The cryptocurrency began the day at the $238.00 mark, while it’s price line gradually moved downwards on the day’s chart. The Bitcoin Cash / US Dollar trading pair concluded the bearish momentum after it reached a day’s low of $226.967306 US Dollars at 17:30 GMT. The coin was able to see a price recovery across the $232 mark before the day came to an end. At the time of closing, the cryptocurrency traded at $233.6700 US Dollars.

Bitcoin Cash: technical indicators

Bitcoin Cash Featured Price Chart

Bitcoin Cash Featured Price Chart by TradingView

The 20-Day Exponential Moving Average (EMA) closed at the $231.572966 mark while the 50-Day Moving Average (MA) closed above the 20EMA, at $231.572966.

The Relative Strength Index (RSI) reached for a day’s low of 24.15 when the cryptocurrency stooped to the day’s low. Such a low value of the RSI shows that the coin was oversold at that instance. The RSI closed at 66.52.

Featured Image by mohamed Hassan.

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.

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

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