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

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TL;DR

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.

Featured Logo by BitcoinCash.

 

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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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