Bitcoin Cash Price: crosses $197

 Bitcoin cash price climbs above $197 just before December 22 ends.

Bitcoin Cash Price 24-Hour Analysis

Bitcoin Cash price

Price Chart by TradingView

After its fall below the $186.50 mark, the cryptocurrency retraced right after the start of its journey for December 22. At the beginning of the day, the coin had a price of $186.82 US Dollars, after which it gradually traced towards the $192.00 mark, while it formed a peak at $190.90 at 08:01 GMT. The cryptocurrency continued its upward slope that goes till the end of the 24-Hour Bitcoin cash price analysis.

Moving Average Convergence Divergence (MACD)

Bitcoin Cash price analysis

Bitcoin Cash Price Chart by TradingView

The MACD lines show a smooth increase in the coin’s price. The 20-Day Exponential Moving Average (EMA) moved above the 50-Day Simple Moving Average (SMA) throughout the price analysis. The EMA closed at $196.62, whereas the MA completed the day at $195.31. The Relative Strength Index (RSI) was kept over level 40 for the price analysis, while it reached a high of 78.91. Currently, the RSI is observed at 65.11.

Featured Image Background Federico Respini.