BCH slips as MACD confirms seller dominance on the charts: weekly forecast

Traders Union
All News
Crypto
Bitcoin Cash drops 5.69% this week

Highlights

Bitcoin Cash remains under sustained bearish pressure, trading near $434 and below critical medium-term resistance levels.
Momentum and volatility indicators collectively signal strong selling dominance, with oversold conditions persisting on the weekly timeframe.
A consolidation range of $430–$470 is forecast for the coming week, with a downside break increasing the risk of further declines.

Bearish momentum accelerates as technical indicators weaken over the week

Technical analysis for the past week shows a bearish momentum dominating BCH, with both MACD and ADX confirming strong selling on the W1 timeframe. The RSI, Stochastic RSI, and CCI all indicate oversold or selling conditions, and continued negative Bull/Bear Power underscores the advantage held by sellers. Key support is seen at the lower edge of the current range, while resistance is defined by the MA-20 ($498.78); volatility for the week measured 8.23%.

Sideways-to-bearish outlook as downside risk dominates the coming week

Looking ahead over the next 7 days, BCH is expected to consolidate between $430 and $470, in line with prevailing technical signals and recent volatility. The likelihood of a price recovery above $470 is quite low (less than 20%), as the dominant trend indicators continue to point downward. A sustained move below the $430 support could open up a deeper decline, whereas any potential bullish reversal would first require a decisive break above $470. Sideways to bearish movement is the baseline scenario unless momentum shifts sharply.

Viktoras Karapetjanc, expert at Traders Union, believes Bitcoin Cash demonstrated resilience this week despite sustained selling pressure. He notes that while BCH closed at the lower edge of its range, strong long-term support remains evident above the MA-200. Sentiment may appear bearish, but volatility and support levels present fresh opportunities for tactical traders. The analyst expects price to consolidate between $430 and $470, with bullish potential not ruled out if momentum shifts. "If Bitcoin Cash holds above $430 this week, I see a compelling setup for medium-term buyers to position for the next leg higher."

Earlier, analysts noted that Bitcoin Cash was experiencing persistent bearish momentum with limited prospects for an immediate recovery. The latest technical signals reinforce this outlook, suggesting traders should remain vigilant for a potential breakdown below $430 as the key risk in the coming week.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.