As of December 13, Bitcoin Cash price gradually retraces towards the $211 US Dollar mark on its price chart.
Bitcoin Cash Price Analysis: December 13
The cryptocurrency stood below the $206 level before it saw bulls just as December 13 dawned. The Bitcoin Cash / U.S. Dollar trading pair jumped straight towards the $208 level, after which it exhibited a disarranged behaviour in the price line. At GMT 8:14 GMT, the price line head below the $206 mark and saw the day’s low at $205.76, after which it recovered the price by crossing the $209 level on the price chart.
The cryptocurrency continued its climb to reach across the $212 mark on the price chart, at this point Bitcoin Cash saw its day’s high of 212.48 US Dollars at 16:45 GMT. At closing time, Bitcoin Cash traded at 211.61 US Dollars.
Moving Average Convergence Divergence
The moving averages do not mark any abrupt jumps in the price line, where the 20-Day Exponential Moving Average (EMA) managed to close the day at $211.66. The 50-Day Moving Average closed under the EMA, at $210.64.
At 21:32 GMT, the Relative Strength Index peaked at 74.66, while it shows no other instances where the cryptocurrency surpassed its range of 30 – 70 for the RSI.
Featured Image Background by Linus Nylund.