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Bitcoin Cash price: falls by 3.88 percent

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Bitcoin Cash price falls back to $208 as of November 24, after an increase in price, which took the cryptocurrency across $216.

BCH/USD 1-Day Price Analysis:

Bitcoin Cash Price

Price Chart by TradingView

According to the BCH/USD price chart, the trading pair had ruffled price movements at the start of the 1-Day price analysis, with a range of $202 to $208. The price line met bulls, which followed a positive slope’s depiction, leading the price across the 218 US dollars price mark, where it marked a daily-high of 218.62 US dollars. After resting at its new daily-high for a brief moment, the cryptocurrency was subject to a bearish drop that led the price line below the 202 US dollars price mark, at a low of 200.72 US dollars.

The cryptocurrency managed to retrace back to the 208 US dollar price level, and it currently trades at 206.32 US dollars.

Bitcoin Cash Price: What to expect?

Bitcoin Cash Price

Bitcoin Cash Price Chart by TradingView

The price line had stayed in the green region for most of its 1-Day trip, except when it had dropped to its daily-low of 200.72 US dollars. The 20-Day Exponential Moving Average (EMA) lies at $206.32, while the 50-day Moving Average (MA) rests at $205.57. The moving averages have sketched close to the trading pair, depicting no sudden or substantial variations in the cryptocurrency’s price. The Relative Strength Index (RSI) is observed to be at 47.57.

 

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Aroosa Nadeem

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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