Bitcoin Cash price traveled through most of the 1-day price analysis below and above $265, while it currently trades at $268.07.
1-Day BCH/USD Price Analysis:
Similar to its last 1-day price analysis, the cryptocurrency’s price line managed to fluctuate near the $264 price line continually. The repeated banner was obstructed by a bearish drop that stooped the price line below the 260 US dollar price level, and immediately afterward, the graph shot back over the $265 mark, and across the 268 US dollar price mark, where the price met its daily high of 269.33 US dollars.
At the end of the day, the 24-hour price analysis concludes to a 1.52 percent increase in Bitcoin Cash’s value.
Bitcoin Cash Price Analysis: Expectations
According to Bitcoin Cash’s price chart above, the trading pair has traced a path similar to the paths of its moving averages. The 20-day Exponential Moving Average (EMA) closed above the Moving Average, at 267.50. While the 50-day Moving Average (MA) has stopped at 267.05 US dollars.
The Relative Strength Index (RSI) lies above level 50, precisely at 55.21. You should expect the BCH price to fluctuate closer to the 264 US dollar price mark.
Featured Image by Flickr.