Bitcoin Cash price prediction: Will $181.31 support hold as BCH extends nearly 10% slide?
Bitcoin Cash (BCH) is trading at $201.90 after a steep daily decline of 9.95%. The asset sits well below its key moving averages on both hourly and daily timeframes, reflecting persistent downward momentum.
220.5
244.90
Highlights
- BCH/USD trades well below critical moving averages, confirming strong bearish sentiment across both short and long-term timeframes.
- Multiple momentum indicators signal persistent oversold conditions as the price drops nearly 10% and volatility remains elevated.
- Expected trading range is $181.31 to $222.49 for the next several days, with a high likelihood of further declines if support breaks.
Bearish momentum mounts as technicals signal oversold territory
On the H1 chart, BCH/USD trades below the MA-20 at $223.56 and MA-50 at $221.47, while on the daily chart, it remains far beneath the long-term MA-200 at $494.60. Resistance is defined by the Ichimoku Kijun at $225.25. Technical readings show MACD and ADX are neutral, while RSI is at 38.84, indicating a bearish bias. Stoch RSI, Commodity Channel Index (CCI), and Bull/Bear Power (BBP) are all in oversold territory, highlighting strong selling pressure. The Awesome Oscillator confirms the prevailing intraday bearish momentum.
Limited rebound risk as downside breakout remains likely
Over the next two to three trading days, BCH is likely to remain within the $181.31 to $222.49 range, reflecting typical volatility relative to current levels. A breakout above the $225.25 resistance could trigger a short-term recovery scenario, though this is currently assigned a very low probability. If price moves below $181.31, selling could accelerate, with a high probability of a deeper downtrend emerging.
Earlier, analysts noted that Bitcoin Cash was showing signs of a potential momentum shift after a period of persistent selling pressure. The latest breakdown below all major moving averages signals renewed downside risk, with traders now looking to $181.31 as a crucial support that could determine the depth of any further decline.
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