Bitcoin Cash price sees a 1.39 percent increase

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Bitcoin Cash price continues to rest below the $244 price mark as of November 20.

BCH/USD 24-Hour Price Analysis:

Bitcoin Cash Price

Price Chart by TradingView

According to the price chart provided above, the cryptocurrency’s price line declined from its high of $246 at the start of the 1-Day price analysis, after which it continued to stoop until it reached just above the $234 price mark, at 234.16 US dollars. This point also marked the trading pair’s low for the 19-20 November Bitcoin Cash price analysis.

Bullish pulls dragged the price line upwards over the chart, allowing it to stretch and retrace back across the 244 US dollars price mark.

Currently, the cryptocurrency trades at 243.55 US dollars.

Bitcoin Cash Price: What to expect?

Bitcoin Cash Price TradingView

Bitcoin Cash Price Chart by TradingView

As per the featured chart above, the moving averages of the trading pairs lie close to each other. The 20-day Exponential Moving Average (EMA) lies at 244.34 US dollars, while the 50-day Moving Average (MA) lies just below the EMA, at 244.32 US dollars.

The Relative Strength Index (RSI) of the cryptocurrency lies below level 40 as it continues to rally between level 30 and level 70. Currently, the RSI lies at 37.29.

The cryptocurrency has a market capitalization of 4,438,920,330 US dollars at the time of writing.

Featured Logo by BitcoinCash.

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

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