Bitcoin Cash price prediction: $245 support in focus as BCH declines

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Bitcoin Cash slides 11.66% today

Highlights

BCH is deeply bearish with the price trading well below short-, medium-, and long-term moving averages.
Momentum and trend indicators collectively confirm dominant selling pressure, with oversold conditions and no visible reversal signals.
The projected five-day range is $245.00 to $275.00, with high probability of further downside if support at $245.00 fails.

Bearish momentum confirmed amid oversold signals and resistance cap

On the technical front, BCH is trading distinctly below its SMA-20 ($352.43), SMA-50 ($410.61), and SMA-200 ($501.29), underscoring persistent negative pressure across all major timeframes. The Ichimoku Kijun level at $366.10 stands as the next immediate resistance. Momentum readings confirm the extended bearish environment, with MACD and ADX both flagging a strong downward trend. RSI, Stoch RSI, and CCI indicate oversold conditions on the daily chart, while BBP signals continued seller dominance through intraday action. The Awesome Oscillator (AO) remains bearish. Notably, BCH opened at $270, below the previous close of $288.10, establishing a bearish gap and leaving the price near today's session low amid high volatility.

Limited rebound potential as volatility persists in narrow band

Over the near term, BCH is projected to trade within a $245.00 to $275.00 volatility band that captures the recent sharp swing in price. With all major weekly indicators—moving averages, RSI, ADX, and MACD—remaining firmly bearish, the probability of a significant rebound is very low (less than 20%), while further downside remains likely. The base scenario expects BCH to hold within the current $245–$275 range given prevailing weak momentum. Should prices fall through $245, accelerated declines could occur if selling intensifies, while any attempted bullish reversal would require a sustained move above $275 and a challenge of resistance at $366, which currently appears unlikely.

Viktoras Karapetjanc, expert at Traders Union, sees Bitcoin Cash under strong technical and sentiment pressure, with all major indicators confirming a persistent bearish trend. He believes the lack of positive news or shifts in market fundamentals makes a swift rebound unlikely while the price remains far below key moving averages. The analyst maintains a constructive approach if BCH can break above resistance, but current momentum points to further weakness within the $245.00 to $275.00 range. 'A sustained move above $275 would be the first sign of optimism, but until then, the odds favor another test of support,' says Karapetjanc.

Earlier, analysts noted that Bitcoin Cash was entrenched in a bearish trend with persistent selling pressure dominating the market. The latest breakdown to fresh lows and confirmation of entrenched negative momentum suggest traders should be alert for a potential acceleration in downside risk if BCH fails to hold above the $245 level.

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.