Home Technical Analysis Bitcoin Cash’s Dramatic Movement Brought the Price to $444

Bitcoin Cash’s Dramatic Movement Brought the Price to $444

Bitcoin Cash is speculated to have a marvelous future. The traders of the coin have experienced profitable past, and thus they were spotted holding on to the coin during the price crash. There was a strong belief that the BCH price would improve soon. The ongoing month reflected heavy escalation in the first week. The second week began with a moderate regression. Today, the opening period in the intraday chart was reflecting loss.

Bitcoin Cash Price Analysis

BCH News

Bitcoin Cash price was dealing at $445.16 on February 10, and from this price point, the currency reflected a steep hike and the price reached $459 by 3.29% in the next 3 hours. Then, the coin slipped to $452.42 by a moderate fall of 1.50% at 05:09 UTC. Later, the currency marked upside movement and surged to $459.26 in the next 2 hours. From this price point, the BCH coin started a downside correction and dropped to $446 by 2.71% and then it was trading around $448 for some time and again fell to $433 by 2.87%. After registering this low, Bitcoin Cash price escalated to $451.79 by 3.79% hike.

The closing hour brought the BCH price to $453. The intraday movement reflected a 1.55% progression. Today, the coin price dropped to $436 from $453 by 3.58% in 6 hours. Later, Bitcoin Cash price recovered to $449 by 2.97% at 07:32 UTC.

The coin is tilted towards the immediate support level at $439. The same is likely to breach in the coming hours.

Resistance Level Price
R1 $458.97
R2 $468.13
R3 $478.25
Support Level Price
S1 $439.69
S2 $429.57
S3 $420.41
David Pender
David is a journalist interested in writing news-stories regarding forex. He has been in forex industry since 2014. he recently, joined our team as a news writer. He studied mass communication and has 7+ years of experience. He is an avid trader. He can be reached by email: david@forexnews.world.

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