Bitcoin Cash Price: retraces towards $190

After lowering below 178 US Dollars, the Bitcoin Cash price heads back towards the 190 US Dollar price mark as of December 18.

Bitcoin Cash Price 24-Hour Analysis

Bitcoin cash price

Price Chart by TradingView

Bitcoin Cash entered the 18th of December with a price of $176.05, while it saw bulls after 10 minutes into the day, where the price line was led beyond the $180.00 mark on the price chart. At 6:05 GMT, the cryptocurrency saw bears that led the price line below the $174.00 mark on the price chart.

At 13:04 on December 18, the cryptocurrency saw its low of 170.18 US dollars, immediately after which the coin retraced towards and beyond $180.00. Bitcoin Cash continued ruffled price movements until 18:07 GMT, after which there was a bullish movement that caused the price line to move above $190.00. At this point, the cryptocurrency saw its day’s high of 191.62 US Dollars, at 22:59 GMT. Currently, the trading pair stands at 189.31 US Dollars.

Moving Average Convergence Divergence

bitcoin cash price chart

Bitcoin Cash Price Chart by TradingView

According to the detailed chart for December 18, the Relative Strength Index (RSI) shows mountain-shaped variations throughout the 24-Hour price analysis. Currently, the RSI lies at 50.18, while it saw its highest value of 82.07 at 00:55 GMT, thus depicting an overbought instance for the coin. The 20-Day Exponential Moving Average (EMA) closed at $189.33, whereas the 50-Day Simple Moving Average (SMA) concluded at $189.23.

Featured Image Background by Aaron Burden.