Bitcoin Cash price falls to $208 as a bearish movement follows the price line after mid-day December 9.
Bitcoin Cash Price Chart Analysis for December 9
Bitcoin Cash price started its 1-Day trek on December 9 with a price above the $213.00. The price line showed ruffled price movements till midday, where it saw a bullish bounce that took the price to its day’s high of 215.34 US dollars. After this, the cryptocurrency was subject to bears that dragged the price line below the $210 level, and then below the $209 mark.
The Bitcoin Cash/U.S. Dollar trading pair followed a ruffled price movement through the rest of the day, while it saw a bearish drop towards $206, where BCH met its day’s low of 206.05 US dollars. Currently, Bitcoin Cash trades at 208.19 US dollars.
Technical Indicators: December 9
The Relative Strength Index (RSI) has stayed below level 70 and above level 30 for this 1-Day price analysis, thus showing no oversold or overbought scenarios for Bitcoin Cash on December 9. The 20-Day Exponential Moving Average (EMA) started right above the trading pair’s price line, while it closed at $208.01. The 50-Day Moving Average (MA) closed above the 20-Day EMA at $208.06.
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