Bitcoin Cash/USD 24-Hour Price Analysis:
The cryptocurrency shot up across the $210 mark after the trading pair had slipped below 195.0 US dollars. The BCH/USD trading pair saw bulls once it reached the $197.5 level, after which the price line depicted an abrupt upward movement that stretched to a peak of $213.9. Bitcoin Cash experienced a short-lived pullback which was followed by another increase in price, during which the cryptocurrency was able to score its day’s high at $216.7.
The price line showed a ruffled pattern of movements for the rest of the 1-Day analysis. Currently, Bitcoin Cash trades at 213.3 US dollars.
Bitcoin Cash Price Analysis: Technical Analysis
After starting its day in the green region, the price faced a pullback where it slipped into the red area that is shown below the $198 level. The cryptocurrency stayed in the red zone for approximately 3-Hours after which it encountered bulls that lead the price line across the $210 mark. The 20-Day Exponential Moving Average (EMA) closes at $212.3, while the 50-Day Simple Moving Average (SMA) rests at 212.2 at the time of writing. The Relative Strength Index (RSI) is just below level 50, at 49.81.
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