Bitcoin Cash rises within recent range as negative Bull/Bear Power dominates: weekly review

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Bitcoin Cash gains 4.37% this week

Highlights

Bitcoin Cash remains in a sustained bearish trend, trading well below major weekly moving averages amid strong seller control.
Momentum indicators confirm prevailing weakness and oversold conditions, with no technical buy signals present on the weekly timeframe.
Over the next week, Bitcoin Cash is likely to trade between $176 and $245, with further downside favored if selling pressure persists.

Oversold signals persist as weekly technicals reinforce bearish outlook

Weekly technical analysis shows that Bitcoin Cash remains deeply bearish on the W1 timeframe. The price is positioned significantly below all key moving averages, with the closest resistance at the MA-50. Momentum indicators reinforce this weak structure: MACD and ADX confirm a steady downtrend, while the RSI at 24.73, Stochastic RSI, and CCI all signal oversold conditions. The Bull/Bear Power reading is strongly negative and the Awesome Oscillator also reflects a dominating bearish trend.

Rangebound trade expected as downside risks outweigh rebound chances

For the next 7 days, Bitcoin Cash is likely to trade within a range of $176 to $245, based on recent weekly volatility and trend continuation signals from technical indicators. The probability of a significant upside breakout remains low (less than 20%) unless oversold conditions mark the start of a stronger, short-lived rebound. The baseline expectation is sideways movement between the set boundaries, with any renewed selling pressure putting the lower end of the range at risk. Persistent negative momentum suggests sellers will continue to dominate in the near term.

Anton Kharitonov, analyst at Traders Union, sees Bitcoin Cash remaining under sustained bearish pressure this week. The asset closed last week with only a slight rebound, but it still trades well below all major weekly moving averages. Technical momentum remains weak, with all core indicators showing clear seller dominance and deeply oversold conditions. No positive news or fundamental shifts are present to offset the prevailing technical weakness. The base scenario is sideways movement within $176 to $245, with a higher risk of retesting lower levels if bearish momentum accelerates. "As long as Bitcoin Cash remains below the weekly MA-50, I see no reason to expect a sustained reversal in the coming week."

Earlier, analysts noted that Bitcoin Cash was facing persistent seller pressure and ongoing downside risks, reflecting a cautious stance among market participants. This week's data further strengthens the bearish outlook, suggesting that unless a decisive shift in momentum occurs, traders should remain alert to the possibility of a downside test toward the lower end of the projected $176–$245 range.

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

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