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 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.

Must Read

Coinbase App vs. Coinbase Wallet App – A Comparative Study

Coinbase is one of the leading cryptocurrency exchanges globally and is a decentralized exchange platform for Bitcoin and various other top cryptocurrencies. Some has...

Litecoin Mining: Know About How to Guide

Introduction: How to mine Litecoin Litecoin (LTC) is one of the earliest digital currencies designed by former Google engineer Charlie Lee in October 2011. Litecoin...

Understanding Crypto Trading: A Guide for Newbies

With 24 hours trading volumes that average around $50 billion or even more and cross over $100 billion, the cryptocurrency market has grown significantly...

Views of Chamath Palihapitiya on Bitcoin

A lot of factors drive the world of cryptocurrency and blockchain technology, and one of the most sophisticated factors that we are going to...

Everything You Need to Know About Forex Scams

Foreign trading or forex trading is the trading of different foreign currencies listed in a pair known as forex pairs. The parties involved in...