With a day’s range of $210.15 to $211.70, the Bitcoin Cash price depicts a fall of 1.85 US dollars on December 5.
BCH/USD Price Analysis for December 5
After starting its trading value above the 210 US dollar mark, the cryptocurrency’s price line saw bears early into the price analysis, causing the graph to decline towards the 204 US dollar level. Bitcoin Cash continued to show variations between the $202 and $208 price levels until mid-day December 4 when it saw bulls, and the price shot up across the $218 price mark, scoring a day’s high at 218.81 US dollars.
The cryptocurrency gradually retraced downwards with minor peaks, and reached below the $206 level, after which the price line depicted another increase in price closer to the end of the 1-Day price analysis. Currently, Bitcoin Cash trades at 211.65 US dollars.
Bitcoin Cash Price: Technical Analysis
The Relative Strength Index (RSI) showed oversold conditions early into the price analysis, where the RSI reached below level 20. An overbought scenario was noted when the RSI had reached a value as high as 88.01. Currently, the RSI is at 62.28. The 20-Day Exponential Moving Average closed at $210.26, above which the 50-Day Moving Average closed with a value of $210.68.
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