Bitcoin Cash Price: continues varying at $208

As of December 10, Bitcoin Cash price continues varying along the 208 US dollar price mark.

Bitcoin Cash Price 1-Day Analysis: December 10

BCH Price

Price Chart by TradingView

The Bitcoin Cash/U.S. Dollar trading pair began its 24-Hour price journey near the $213 price mark, after which it saw bulls that led the price line to its day’s high of 215.34 US dollars. The cryptocurrency saw an immediate bearish movement right after reaching its daily-high. The bears dragged the cryptocurrency below the $209 level, where it started ruffled price movements until the end of December 9.

The price line reached a low of 206.02 US dollars before it entered December 10. At the start of December 10, the cryptocurrency was at 207.55 US dollar, while it stretched through the day with small bullish bounces. At the time of writing, Bitcoin Cash trades at 208.61 US dollars.

Technical Indicators: December 10

BCH Price Chart

Bitcoin Cash Price Chart by TradingView

The Relative Strength Index shows only one instance where the cryptocurrency was oversold, and at this point, the RSI was at 20.47. Currently, the RSI lies at 53.86.

The 20-Day Exponential Moving Average (EMA) and the 50-Day Moving Average (MA) sketched their paths along with the trading pair’s price line, and the EMA closed at $208.28, while the MA ended the day’s trade with a value of $207.86.

 

Featured Image Background by Sime Basioli.