Bitcoin Cash price sees bulls on December 8 that take the trading pair’s graph above the $214 level.
Bitcoin Cash/USD Analysis for December 8
The cryptocurrency started on December 8, with a price just above the $210 mark. The BCH/USD trading pair saw bulls after only a few hours into the day. The bullish movement led the price line above $212, and then across the $214 level. At its highest, the cryptocurrency reached $214.98, after which the bears showed up and dragged the price line downwards, with continuous bounces till the cryptocurrency reached 212.80 US dollars.
Bitcoin Cash Price: Technical Indicators
Early into the price analysis, the Relative Strength Index reached a low of 28.28, where the cryptocurrency was oversold. Following this, the RSI shows a continuous incline, which also reached a high of 70.91, while it currently rests at 53.97.
The 20-Day Exponential Moving Average (EMA) stretches under the trading pair, with a closing value of $212.90. The 50-Day Moving Average (MA) rests below the trading pair but above the EMA, at $213.15.
Featured Image Background by Robert Katzki.