Bitcoin Cash price partially recovers from its recent price fall and retraces across the 208 US dollar price line.
Bitcoin Cash/U.S. Dollar 24-Hour Price Analysis
After taking a trip below the $200 price line, the trading pair’s price chart shows that the cryptocurrency had partially recovered its price, heading back across the 208 US dollars price mark on November 23. As the day concluded, the cryptocurrency took another fall below the 202 US dollar price line, where it marked its daily-low of 201.34 US dollars. Bulls followed, and the trading pair gradually retraced across $218, scoring a daily-high of 218.39 US dollars.
With the start of November 24, the cryptocurrency shows a decrease in price, with a current trading value of 209.14 US dollars.
Bitcoin Cash Price Analysis: Expectations
The trading pair’s price line has stayed in the red area for most of its 24-Hour trip, which means that the bears have had more influence over the moving averages than the bulls. Both of the moving averages stretch alongside the price line, with the 20-Day Exponential Moving Average (EMA) marking its closing value at 210.98 US dollars, and the 50-Day Moving Average (MA) concluded with a value of 212.50 US dollars.
The Relative Strength Index is below level 40, at 36.51. Currently, Bitcoin Cash has a market cap of 3,856,859,811 US dollars.
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