The Bitcoin Cash price line kept at the $330 mark until it saw bears on the 04th of March, and fell towards the $312 level. Burnee888 is a trading view analyst who suggested that the cryptocurrency would see a bearish momentum and the price will fall below the $280 mark. Currently, the Bitcoin Cash cryptocurrency trades in a day’s range of $322.860000 — $327.490000.
1-Day Bitcoin Cash Price Analysis (04th March)
The cryptocurrency was set right under the $332 level when the day began, and it kept its trade near the $330 level until after the BCHUSD pair faced a bearish momentum at 09:30 GMT, and the price fell below the $312 mark. The cryptocurrency saw a day’s low of $311.77 US Dollars.
The coin stayed gradually rose to the $318 level, at which the 04th of March saw closure. Right after the closure, the coin saw bulls and rose back above the $327 level. The BCHUSD pair trades at $327.460 US Dollars.
Bitcoin Cash: predictive analysis
Burnee888 was of the opinion that the Bitcoin Cash / US Dollar trading pair would see a bearish movement on the 04th and 5th of March, and the cryptocurrency would fall below the $280 level.
This predictive analysis did not come to play since the coin has crept past the expected zone for the fall while seeing bulls towards the $327 mark. It was suggest that the cryptocurrency will fall to a low between the $250 and $280 levels.
Featured Image by Willian Justen de Vasconcellos.
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.