Bitcoin Cash price sheds gains to reach $285

As of 3rd November, Bitcoin Cash price had dropped below the $288 support line, shedding most of its gains to reach $285 on 4th November. The following BCH price analysis shows the ruffled price pattern of the cryptocurrency’s market.

5-Day BCH/USD Chart

Bitcoin Cash price sheds gains to reach $285 1

Bitcoin Cash price chart by Trading View

On October 30, Bitcoin Cash price experienced an abrupt increase, moving its price to just below the $304 price level, after which it shed most of its price gains, coming down to the $272 price line on November 1.

The market’s bulls led the price towards another substantial incline, moving it across the $300 price level on November 3. Following the day, a bearish movement was observed, marking another loss of over thirteen US dollars. At the time of writing, Bitcoin Cash’s (BCH) trades at $285.

Bitcoin Cash price: What to expect?

Bitcoin Cash price sheds gains to reach $285 2

Bitcoin Cash chart by Trading View

As per the chart above, the 50-day Moving Average is at $286.1, while the 20-day Exponential Moving Average (EMA) has fallen to $286.0 from its recent peak value over the $285 support line. The Relative Strength Index (RSI) currently lies above 45.

The charts show variable price shifts, depicting the lack of uniformity in the cryptocurrency’s rise and fall patterns.

Featured Image by Flickr.com

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