Sideways movement for Bitcoin Cash — bullish weekly indicators support ongoing stability

Traders Union
All News
Crypto News
Bitcoin Cash rises 0.58% today

Highlights

BCH is trading at $500, below MA-20 ($507.48) and MA-50 ($525.15), but just beneath long-term MA-200 support at $510.54.
Momentum indicators are mixed: MACD signals a sell, while RSI is moderately bullish at 53.81 and Stoch RSI and BBP indicate overbought conditions.
Probabilities favor upward or sideways movement (above 80%) for BCH over the next five days within a $485–$515 range, unless support at $485 breaks.

Mixed technical signals as resistance holds and momentum uncertain

The closest resistance is at the Ichimoku Kijun level of $520.15, while immediate support is seen near the MA-5 and HMA around $497. Momentum indicators show mixed signals: MACD gives a strong daily sell, while ADX is low and neutral, suggesting a lack of firm trend. RSI reads moderately bullish at 53.81, but Stoch RSI and Bull/Bear Power (BBP) both flag overbought conditions and recent buyer dominance. There was no major opening gap (previous close $497.10, open $484.70), and the current price is near the mid-range of today’s session ($484.70 – $512.50), reflecting moderate volatility and neutral to slight upward momentum. This contrasts with the recent lack of trend strength, pointing to an uncertain intraday tone.

Sideways bias likely as bullish trends outweigh downside risk

For the next five trading days, the expected price range is approximately $485 to $515, covering realistic short-term volatility around the current $500 level. Four out of four major weekly trend indicators (RSI, ADX, MACD, MA-50) are bullish, so there is a very high probability (more than 80%) of continued upward or sideways movement, while a pullback is less likely. In the baseline scenario, BCH continues drifting sideways within the established corridor. A bullish scenario unfolds if price breaks above resistance at $520, potentially rallying toward $515 – $525. On a bearish break below $485, sellers could target the $470 – $480 area, although major weekly trends currently reduce this risk.

Anton Kharitonov, Traders Union expert, notes that Bitcoin Cash shows mixed technical signals with price stuck below key moving averages but supported near longer-term levels. He sees moderate bullish signs from weekly indicators, yet short-term momentum is weak and overbought signals are present. Kharitonov remains cautious and believes a sideways move is most likely while $485 support and $520 resistance define the range. "Until $520 is convincingly broken, I remain defensive and prefer to wait for confirmation from price action."

Previously it was noted that Bitcoin Cash faced mixed momentum as buyers persisted and overbought conditions dominated. There was also a 75% probability of a price increase in the coming week.

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.