Bitcoin Cash Price falls below the $214 level towards $210 mark as December 7 comes to an end.
Bitcoin Cash Price Analysis for December 7
The trading pair’s price line started the day above the $213 level, while it continued to vary between $213 and $214 until it saw bulls in the afternoon where it peaked at 215.49 US dollars. At this point, the cryptocurrency reached its day’s high at 216.12 US dollars, after which it came back below the $214 level and continued varying between $213 and $214 levels.
In the last quarter of December 7, the price line saw bears that steered it downwards and towards the $210 level. Here, the cryptocurrency reached its low at 208.68 US dollars. Currently, BCH trades at 210.32 US dollars.
BCH/USD Technical Analysis: December 7
The moving averages draw relatively smoother and straighter curves for this 24-Hour price analysis, depicting no significant or abrupt variations in the price for December 7. The 20-Day Exponential Moving Average (EMA) closed under the trading pair and the 50-Day Simple Moving Average (SMA), at $209.95. The SMA closes on the top with a value of $210.91.
The cryptocurrency has not shown any overbought or oversold instances for December 7, which is why the Relative Strength Index (RSI) has stayed between the levels 30 and 70.
Featured Image Background by Łukasz Łada.