The Bitcoin Cash price line showed volatile price movements on the price chart for the 24th of March. The cryptocurrency traded between the $218 and $236 levels on the price chart. As of now, the BCHUSD pair has a day’s range of $214.100000 — $231.380000.
1-Day Bitcoin Cash Price Analysis (24th March)
After beginning the day with a trading value of $224.427914, the cryptocurrency showed numerous rises and in the price line for the BCHUSD pair. The cryptocurrency headed across the $230 level after 06:00 GMT, and reached a day’s high of $231.050836 US Dollars. The coin retreated below the $222 level after midday on the 24th of March after which it saw bulls that led it across the $229 level closer to the end of the day.
Bitcoin Cash: technical indicators
The Relative Strength Index (RSI) stayed in its normal 30 – 70 range on the price chart for the 24th of March while it moved across the level 70 and reached 80.45 at 09:18 GMT on the 25th of March. This means that the coin was overbought at this point of the day. The RSI turned bearish before the time of writing where it stood at 33.25.
The 20-Day Exponential Moving Average (EMA) closed at the $222.979893 mark, while the 50-Day Moving Average (MA) closed at $225.990200.
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.