Bitcoin Cash price heads back below $186.00 after reaching a day’s high beyond the $193.00 mark on the price chart.
Bitcoin Cash Price 24-Hour Analysis
The cryptocurrency started with a trading price of $185.20 US Dollars. Bitcoin Cash traded in the range of $184.00 to $186.00 until 14:16 GMT, where it slipped above the $187.00 mark on the price chart, followed by bulls that BCH encountered at 16:16. The bullish pull took the price above the $192.00 mark, and it showed ruffled price movements between the $191.00 and $193.00 levels until 19:31 GMT when it reached its day’s high of $194.20 US Dollars. After reaching its day’s high, the cryptocurrency’s price line came crashing below the $186.00 mark. Bitcoin Cash currently trades at $186.84 US Dollars.
Moving Average Convergence Divergence
The technical indicators show an upward movement at 16:36, where the price line had seen bulls that took the trading value to the day’s high above the $194.00 level. The 20-Day Exponential Moving Average (EMA) was seen above the 50-Day Simple Moving Average (SMA) until 20:02 GMT, while it closed at the value $186.93. The SMA was observed closing at $188.30. The Relative Strength Index (RSI) stayed in the safe range between levels 30 and 70 on the graph for most of the 1-Day price analysis, whereas it crept above level 70 at 16:25, and reached a high of 86.25. Closer to the end of the day, the RSI was seen at a low of 22.40.
Featured Image Background by Sven Fischer.