Bitcoin Cash price line varies through December 16 to reach $205 at GMT 16:30.
Bitcoin Cash Price 24-Hour Analysis
Bitcoin Cash price started near the $205.50 mark on the price chart, after which it drew small jumps until it reached $206.00 at GMT 7:00, where it saw a bullish movement. The bulls pulled the price to its days high of $209.00. Before noon December 15, the cryptocurrency had come down towards the $206.50 level, saw small bounces throughout the rest of the day. As of the start of December 16, the cryptocurrency was seen trading at $207.00 and in the afternoon, Bitcoin Cash price came to its day’s low, which stood just above the $204.00 mark. The cryptocurrency varied between 204.50 and 205.50 until it came to its current trading price of 205.69 US Dollars.
Moving Average Convergence Divergence
The two technical indicators have been seen drawing relatively-straight paths for December 15-16. The 50-Day Simple Moving Average (SMA) closed at $205.53, while the 20-Day Exponential Moving Average (EMA) closed above the trading pair’s price line, at $205.91. The RSI was seen at 47.60.
Featured Image Background by Erik-Jan Leusink.
