Bitcoin Cash price sees bulls to reach the $496.00 mark on the 14th of February. The trading view analyst kyer believes that the cryptocurrency is set to approach the $515 mark. The cryptocurrency is currently on the path to $515 as it stood near the $473 mark at the time when kyer posted this predictive analysis.
1-Day Bitcoin Cash Price Analysis (14th February)
The BCH price line stood above the $472.00 mark at the start of the 14th of February, while it traded between the $468.00 and $476.00 levels until after 09:24 GMT when BCH saw a bullish momentum and rose across the $496.00 mark. The day’s high for the 14th of February was $493.312283 US Dollars.
The coin traded between the $488.00 and $492.00 levels until 15:55 GMT, after which the cryptocurrency rose to the $494.00 mark closer to the end of the day. The Bitcoin Cash / US Dollar pair closed the day with a trading price of $494.840000 US Dollars.
The Relative Strength Index (RSI) for BCH, closed at 57.49, while the 20-Day Exponential Moving Average (EMA) was at $493.000971 at the time of closing. The 50-Day Moving Average (MA) stood at $493.117800 by the end of the 14th of February.
Bitcoin Cash: Predictive Analysis
The prediction made by kyer seems to be coming true as the BCH/USD pair has risen across the $485.00 mark. The coin stood near the $473.00 level when the predictive analysis was posted.
As per the prediction, BCH is set to approach the $515 mark soon, if not right away.
Featured Image by Luca Bravo.
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.