BCH gains 11.63 percent as price rebounds but stays below MA-20 resistance: weekly outlook
Bitcoin Cash (BCH) is currently trading at $238.80, reflecting a weekly gain of $24.70 or 11.63% from the previous close of $214.10. Despite this rebound, BCH remains well below the weekly MA-20 ($364.13), MA-50 ($484.44), and MA-200 ($341.01), highlighting persistent selling pressure and the absence of medium- and long-term bullish support.
Highlights
- Bitcoin Cash remains under heavy selling pressure, trading well below key medium- and long-term technical benchmarks.
- Despite a recent 11.6% rebound, the overall momentum indicators remain deeply bearish, indicating strong downside risk.
- Price is expected to consolidate in the $205–$255 range over the next week, with a higher likelihood of further declines.
bearish momentum persists as major averages and indicators align
On the weekly timeframe, BCH trades firmly beneath all major moving averages — MA-20, MA-50, and MA-200 — with the Ichimoku Kijun level also far above at $421.10, firmly establishing the MA-20 as the closest resistance. Volatility for the week stands at 14.45%. Momentum indicators reinforce the bearish outlook: weekly MACD and ADX both signal a negative trend, while RSI at 31.88, CCI at -91.31, and an oversold Bull/Bear Power at -49.45 underline strong seller dominance. Stochastic RSI remains neutral, offering little sign of immediate reversal. Immediate support can be found near $205, with resistance seen at $255.
sideways trade expected as momentum signals remain negative
Over the next 7 days, BCH is expected to trade within a range of $205 to $255, reflecting current weekly volatility and momentum. The baseline scenario calls for continued sideways action near current levels, as none of the four key weekly momentum indicators show any buy signals. A sustained breakout above $255 would suggest a potential short-term recovery, while a drop below $205 would confirm further downside in line with prevailing negative signals. The probability of an upward breakout remains low (less than 20%), and bearish risks persist.
Earlier, analysts noted that Bitcoin Cash was exhibiting a short-term upside risk despite a prevailing bearish backdrop. The latest data reinforces the dominance of bearish momentum, highlighting the importance of monitoring the $255 resistance as a potential inflection point for any short-term recovery attempts.
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