Bitcoin Cash Price: nears $205

Bitcoin Cash price line varies through December 16 to reach $205 at GMT 16:30.

Bitcoin Cash Price 24-Hour Analysis

Bitcoin Cash Price Chart 1 Dec 16

Price Chart by TradingView

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

Bitcoin Cash Price Chart 2 Dec 16

Price Chart by TradingView

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.