On December 17, the Bitcoin Cash price had fallen to a day’s low, which stood under the $172 mark.
Bitcoin Cash Price 24-Hour Analysis
After stepping into December 17 with a trading price above the $195.00 mark, the cryptocurrency gradually declined over the course of the 1-Day price analysis. The coin saw bears in the afternoon that took the price line below the $187.50 level. By 18:27 GMT, the coin was subject to another bearish movement that pulled it into an abrupt fall that marked the end of its stretch at 173.45 US Dollars.
At 19:44 GMT, Bitcoin Cash saw its day’s low of 172.53 US Dollars. After 20:00 GMT, the trading pair’s price line stretched over a ruffled path near the $175 mark until the end of the day. At the time of writing, the Bitcoin Cash / U.S. Dollar trading pair has a price of 178.04 US Dollars.
Moving Average Convergence Divergence
With no overbought conditions, the Relative Strength Index saw a low of 13.16. Currently, the RSI stands at 74.65. The 20-Day Exponential Moving Average (EMA) closed under the BCH/USD trading pair, at $176.99. The 50-Day Simple Moving Average (SMA) concluded at $176.10.
Featured Image Background by Sebastian Unrau.