Bitcoin Cash retraces price line towards 210 US dollar price level after it fell below $192.50 on November 25, with the day’s range of $207.79 to $211.17.
BCH/USD 24-Hour Price Chart Analysis:
The Bitcoin Cash/U.S Dollar price chart started the 1-Day price analysis near 200 US dollars. After depicting a temporary increase in price, it got subject to bears which dragged it below the 192.50 US dollar price line, at 192.47 US dollars. After marking its daily-low right under $192.50, the trading pair immediately recovered its price when bulls appeared, taking the price across $212.50.
The price line stretched further across the 215 US dollar price mark, scoring a high of 216.17 US dollars. The price showed ruffled movements as November 25 came to an end, while at the time of writing, the cryptocurrency trades at 209.93 US dollars.
Bitcoin Cash Price Analysis: What to expect?
After starting their trip in the red region, the moving averages immediately traced into the green area, where they stayed for most of the 24-Hour Bitcoin Cash analysis. The 20-Day Exponential Moving Average (EMA) has not strayed further from the trading pair’s price line, while it concludes the day with a resting price of 210.12 US dollars.
The 50-Day Moving Average (MA) lay slightly further from the price line at the time when the bulls appeared, taking the price across $216 price level, while it rests at $209.58.
The Relative Strength Index (RSI) has a value of 49.24.
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