BCH today news: Bearish momentum persists as price stays below short and medium-term averages

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Bitcoin Cash Slips 0.44% Today

Highlights

Bitcoin Cash (BCH) trades at $542.60, beneath its MA-20 and MA-50, but remains above its MA-200 at $459.21, reflecting short-term bearish pressure and long-term technical support.
Tether's announcement to end USDT support on the BCH blockchain by September 1 has increased liquidity pressures, intensified sell-offs, and limited stablecoin activity in the network.
With BCH likely to range between $523.60 and $524.40 next week and probability of price increase under 20%, further downside and sideways consolidation are expected.

Liquidity strain and risk aversion after Tether’s exit announcement

Tether's announcement ending USDT stablecoin support on the BCH blockchain, effective from September 1, has increased liquidity pressures and limited stablecoin use in the Bitcoin Cash network. This shift has heightened investor caution, weighed on upside momentum, and led to renewed sell-offs as the ecosystem adapts. Trading volumes have remained active with market interest holding steady despite these conditions, while the broader crypto market’s direction also influences sentiment.

Bearish momentum and oversold signals amid technical resistance

The nearest dynamic resistance is found near the Ichimoku Kijun at $591.25, while the MA-200 serves as key support. Momentum signals show a mixed picture for BCH today. Daily MACD is neutral, while ADX on the daily chart suggests a positive trend with a supportive value. However, RSI hovers in sell territory at 32.04 and daily Stoch RSI and CCI are in oversold zones, indicating stretched conditions to the downside. Bear Power remains neutral, reflecting a lack of dominance by either buyers or sellers intraday. The Awesome Oscillator signals strong selling pressure, reinforcing the prevailing downtrend. The session has seen a marginal drop of $2.40 or 0.44% from the previous close, with no significant gap at the open. The current price is close to the lower end of today’s range ($541.60 – $548.00), indicating modest intraday volatility and persistent downward pressure since the open. Overall, oscillators and momentum show minor divergences, but today’s price performance aligns with the general bearish momentum.

Downside consolidation favored as reversal odds remain limited

For the coming week, BCH is expected to trade between $523.60 and $524.40, with an average price around $524.00. The probability of a price increase is very low (less than 20%), making a further decline more likely. The baseline scenario points to consolidation within a sideways corridor. In a bullish scenario, a move above resistance at $591.25 would suggest a short-term reversal; a bearish outcome is likely if the price falls below $541.60, opening the path to test longer-term support near $459.21.

Viktoras Karapetjanc, expert at Traders Union, sees Bitcoin Cash’s technical picture subdued in the short term, but remains confident in the asset’s fundamental resilience and its ability to withstand recent sentiment challenges such as Tether’s USDT support withdrawal. Karapetjanc acknowledges that while the technical indicators signal further pressure and the probability of an immediate rebound is low, steady trading activity combined with support above the long-term MA-200 demonstrates underlying market commitment. He believes that cautious optimism is warranted given ongoing adaptation within the community and broader crypto sentiment, and notes that further downside could provide opportunities for patient investors. 'While near-term momentum is weak, as long as BCH holds above its MA-200, I remain constructive on its long-term outlook and see these challenges as part of the network’s maturation process.'

Last time we reported that cautious trading rose with increased volume and waning liquidity, as sellers remained in control of market flow. The technical picture was mixed, with the article noting that momentum indicators display broad oversold readings while downside risks persisted.

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.