Bitcoin Cash Price: falls below $196, recovers to $208

Bitcoin Cash price breaks past the support-line found at 196 US dollar on November 22, before retracing to 208 US dollars.

BCH/USD 1-Day Price Chart Analysis

Bitcoin Cash Price

Price Chart by TradingView

As shown in the BCH/USD trading chart above, the trading pair started near the 228 US dollar price level, after which it continuously steered downwards. The cryptocurrency was subject to a bearish movement from the price level of $228 till it reached below the 196 US dollar price mark, with a trading price of 195.55 US dollars.

In the following day, Bitcoin Cash (BCH) briefly retraced above the $204 price line, till it reached above the 208 US dollar price mark, with a trading value of 208.35 at writing time.

Bitcoin Cash Price Analysis: Expected Price

Bitcoin Cash Price TradingView

Bitcoin Cash Price Chart by TradingView

The cryptocurrency’s price only stayed in the green zone for a small portion out of the 24-hour price analysis. Once the trading pair’s price line met the bears, it continued in the red area until the volatile movements concluded.

The 20-day Exponential Moving Average (EMA) of the cryptocurrency closed at 207.17 US dollars, while the 50-day Moving Average (MA) rested at 206.30 US dollars as the day came to an end.

The Relative Strength Index (RSI) is placed above level 60, at 66.17.

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