The Bitcoin Cash price saw bears on the 29th of March which led the price line below the $208 mark on the price chart. For most of the day, the price line showed ruffled price movements as it traded between the $204 and $218 levels on the day’s price chart.
1-Day Bitcoin Cash Price Analysis (29th March)
While the cryptocurrency had a trading value of $214.633255 US Dollars as it stepped onto the chart for the 29th of March, the cryptocurrency moved across the $216 mark to reach a day’s high of $217.714069 US Dollars. The price line gradually made its way towards the $212 level with dishevelled price movements throughout its journey. After 18:00 GMT, the cryptocurrency immediately fell to the $206 level and traded between the $206 and $208 marks for the rest of the day. At the time of closing, the cryptocurrency traded at $203.330000 US Dollars.
Bitcoin Cash: technical indicators
The Relative Strength Index (RSI) remained between its normal range of 30.00 to 70.00 on the scale for the 29th of March. This means that the coin was not oversold or overbought during the day. At the time of closing, the RSI was observed at 45.34.
The 20-Day Exponential Moving Average (EMA) closed at the $206.899058, while the 50-Day Moving Average (MA) stood below the 20EMA, at the $206.669400 mark.
Featured Image by Gerd Altmann.
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.