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)
Bitcoin Cash Price Chart by TradingView
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.
Bitcoin Cash Featured Price Chart by TradingView
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 holds no liability towards any investments based on the information provided on this page.
