Bitcoin Cash price prediction: Can BCH recover after breaking below key supports?

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Bitcoin Cash slides 7.67% today

Highlights

Bitcoin Cash is trading at $443, well below its MA-20 ($532.25), MA-50 ($557.80), and MA-200 ($559.29), signaling persistent multi-timeframe selling pressure.
Bearish momentum dominates as MACD, ADX, and Awesome Oscillator confirm a strong downtrend, while RSI and Stochastic RSI indicate deeply oversold conditions.
Key resistance stands at the Ichimoku Kijun level ($504.60), with downside volatility likely to push BCH towards $400 if $440 support fails.

Bearish momentum intensifies as signals turn deeply oversold

The Ichimoku Kijun level for BCH stands at $504.60, acting as immediate resistance above the current price. Momentum signals remain bearish, with the MACD and ADX on the daily chart confirming a continued downtrend and strong bearish momentum. The RSI, Stochastic RSI, and CCI all indicate oversold conditions, while Bull/Bear Power shows pronounced seller dominance. The Awesome Oscillator aligns with this bearish trend, and the price currently sits near the low end of today's range ($443.2–$464.6), reflecting high volatility and sustained downward pressure after the open.

Sideways-to-lower bias as buy signals remain scarce

For the next five trading days, BCH is expected to trade within a typical volatility band between $398 and $482 based on current levels. With only one out of four main weekly indicators (MA-50, MA-100, MA-200, RSI) suggesting a buy, the probability of a short-term price increase is below 20%, pointing to a higher likelihood of further declines. The base scenario is sideways movement between $398 and $482. If a bullish move occurs above $480, a retest of the Ichimoku resistance is possible, while a break below $440 could accelerate declines toward $400.

Viktoras Karapetjanc, expert at Traders Union, sees persistent bearish pressure on Bitcoin Cash despite recent volatility. He notes that all major trend indicators point downward, but oversold signals suggest room for a bounce or stabilization soon. Macro and sentiment factors are neutral, with no impactful news to counter current selling flows. Short term, sideways action between $398 and $482 is most probable, while a swift move above $480 could test resistance. "Despite the strong downtrend, I see constructive potential for a rebound if $440 holds, so I remain cautiously optimistic for stabilization within the projected range."

Last time, analysts noted that Bitcoin Cash is trading well below key moving averages, with technical indicators such as MACD, ADX, RSI, and CCI confirming persistent downside pressure and seller dominance, despite one isolated bullish signal from the Hull Moving Average. Consolidation is expected within a volatile range near current levels, with a low probability of near-term reversal unless resistance at $504.60 is decisively cleared.

Source of Data: BCH Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.