BCH latest news: daily indicators point to selling pressure despite Euronext listing boost

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Bitcoin cash slips 1.91% today

Highlights

Bitcoin Cash (BCH) trades at $493.40, below key moving averages, signaling sustained bearish pressure across short-, medium-, and long-term technicals.
Euronext Amsterdam and Paris listing grants Bitcoin Cash access to major regulated European markets, enabling institutional trading following recent approval.
Daily and weekly momentum indicators remain bearish, with BCH likely to trade between $423.00 and $485.90 and upward probability below 20%.

Euronext listing expands institutional reach for Bitcoin Cash

Bitcoin Cash was recently approved for listing on Euronext Amsterdam and Paris, expanding access to major European markets. The Euronext approval included several other cryptocurrencies and marked a significant step for regulated crypto trading in the region. BCH is also now available for institutional trading following this development.

Mixed oscillators signal caution as bearish trend persists

Momentum readings suggest the bears have control on the daily timeframe, with MACD pointing to continued selling and a weak ADX showing trend softness. RSI is in sell territory at 44.49, with Stoch RSI and CCI remaining mostly neutral and not indicating clear oversold or overbought conditions. BBP signals overbought intraday, hinting at potential exhaustion from buyers, yet today's session is showing a decline of $9.60 or 1.91% from the previous close, opening with a small downside gap and trading near today’s low of $489. Volatility is moderate, and the intraday tone reflects ongoing pressure after the open. Signals from oscillators are partially mixed, underscoring conflicting short-term momentum and caution for direction.

Downside bias expected amid weak bullish confirmation

For the coming five days, the expected BCH trading range is between $423.00 and $485.90. Given that only ADX-w1 and MA-50-w1 are bullish while both RSI-w1 and MACD-w1 are bearish or neutral, the probability of an upward move is very low (less than 20%). This makes further downside more likely. The baseline scenario sees BCH consolidating within the corridor established by the weekly high and low. A bullish scenario would require a close above $511.60, opening space for a move above $485.90. The bearish scenario unfolds if BCH loses support at $489, setting up a test of lower territory, potentially toward $423.00.

Viktoras Karapetjanc, analyst at Traders Union, believes the institutional listing of Bitcoin Cash on Euronext is a strong long-term fundamental positive. However, he sees bearish technical signals and short-term pressure dominating the market for now. Sentiment remains mixed as BCH trades below key moving averages and momentum indicators lack clear direction. The expert expects downside risk to prevail unless the $511.60 resistance is recovered. "Fundamentals are improving, but I see more value waiting for a close above $511.60 before turning bullish in the short term."

Previously it was noted that Bitcoin Cash faced continued downward pressure, with sellers dominating intraday activity and weak momentum indicators. At that time, the probability of a sustained price increase was very low, suggesting likely further declines in the near term.

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.