Bitcoin Cash Price Analysis: BCH/USD bears take control and send price below the $235 level
|- BCH/USD went up from $232.25 to $236.19 this Friday.
- The RSI indicator has settled itself around the neutral zone.
BCH/USD daily chart
BCH/USD bears took control after a hattrick of bullish days as the price dropped from $236.19 to $234.30. The SMA 200 is on course to cross over the SMA 50 to chart the bearish death cross pattern, while the 20-day Bollinger jaw has narrowed, indicating decreasing price volatility. The MACD shows that the market momentum is still bullish and is trending around the 8.90-level. The RSI indicator has settled around the neutral zone.
Key levels
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