After it came down from its daily high of 267.93 US dollars, the Bitcoin Cash Price price varied closer to the 265 US dollar price line for most of November 16, while it currently rests just above the 263 US dollar price mark.
BCH/USD 1-Day Chart
The bears took the price down to its daily low below the 262 US dollar price line. Immediately after the drop, bulls took over the Bitcoin Cash market, leading it to its daily high above the 268 US dollar price mark.
The cryptocurrency did not manage to stay above $267 for long, and it came thrashing down to just above $264, where it stayed most of the time, varying between and slightly above the $264 to $265 price range.
While this is being written, the Bitcoin Cash price rests just above $263.
Bitcoin Cash Price: what to expect?
The Relative Strength Index (RSI) continues to vary, and it lies just above level 30. The Exponential Moving Average (EMA) traces close to the Moving Average (MA) over this 1-day price analysis. The Moving Average closed at $264.77, which was just above the Exponential Moving Average that lies at $264.36.
The cryptocurrency is expected to rest near the $264 price line in the near future, with low hopes of going back to the $279 price mark.
Featured Image by Pxhere.