Bitcoin Cash Price sketches through the 24-Hour price analysis with a day’s range of $211.67 — $215.70 US dollars, while BCH also showed several short-lived pullbacks in the price line.
Bitcoin Cash Price 1-Day Price Chart Analysis:
Just after it started the day with a value over the $214 level, the cryptocurrency saw bulls, which took the price to its day’s high of 216.36 US dollars. Bitcoin Cash price followed an immediate pullback, which led the price line below the $210 level, where it marked its day’s low at 209.93 US dollars.
The cryptocurrency rose above the $215 mark, following a series of pullbacks in the price line, with peaks that reached an average high of 215.50 US dollars, and lows that marked an average price of 211.75 US dollars. As the day concluded, the cryptocurrency managed to score its day’s ending value of 213.92 US dollars.
Technical Analysis: December 1 – December 2
According to the technical analysis for the given dates, the trading pair’s moving averages have not shown any significant variance, thus depicting no serious rise or fall in the price line. The 50-Day Moving Average (MA) ends the day with its closing price of 213.20 US dollars, while the 20-Day Exponential Moving Average (EMA) concludes the day with a value of 213.24 US dollars. The Relative Strength Index scored a value of 56.89 at the time of writing.
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