Bitcoin Cash price analysis: price rests just below 280 USDT

In the past 24 hours, the Bitcoin Cash price comes threshing from its daily high of 306.488 USDT to 270.722 USDT, while it currently rests at 279.253 USDT.

BCH/USDT 1-Day Price Chart

Bitcoin Cash price analysis: price rests just below 280 USDT 1

BCH/USDT Chart by Trading View

The graph depicted by the 1-Day price chart given above shows the cryptocurrency’s journey, starting from its peak value for the 24 hours, down to a low past the 272.00 USDT price line. Although, the price has still shown a relatively less volatile drop, especially after it stabilized just below the 280 USDT price mark just as these lines are being written.

From its price on November 6, the cryptocurrency has been subject to a bullish movement which dragged it from 296 USDT to the current daily high of 306 USDT. For a few days now, the Bitcoin Cash price has been stretching between the 292 USDT and 308 USDT price levels.

Bitcoin Cash Price: Expectations

Bitcoin Cash price analysis: price rests just below 280 USDT 2

BCH Price Chart by Trading View

As per the price chart, the averages lie closer to one another at the time of writing. The Exponential Moving Average (EMA) stands at 279.413 USDT, while the Moving Average (MA) rests just below the 280 USDT price line, at 279.725 USDT.

The Relative Strength Index is below level 40, at 38.22 precisely. The cryptocurrency is expected to maintain its variations between the lower value of 282 USDT and the upper value of 308 USDT.

 

Featured Image by Pxhere.

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