Bitcoin Cash: BCH range intact despite 17% drop – Bullish bias holds IF…
Bitcoin Money [BCH] has shed 17.4% prior to now two days, and was down by 11.23% prior to now 24 hours. Beforehand, AMBCrypto had reported {that a} drop under $500 is likely to be excellent news for the bulls.
This drop has come to move, but it surely was not but at an finish. BCH continued to commerce throughout the two-year vary from $272 to $680. On the time of writing, the mid-range stage at $476 was about to be examined as assist.
The weekly assist zone to observe for Bitcoin Money bullish response
Supply: BCH/USDT on TradingView
The quantity indicators on the weekly chart remained constructive. The CMF was transferring above the +0.05 stage to sign sizeable capital inflows to the market. The OBV agreed with this discovering.
Since late 2024, it has been trending increased.
The OBV’s uptrend confirmed that, regardless of the range-bound value motion, the shopping for stress has been increased. It was solely a matter of time earlier than the vary noticed a bullish breakout.
Given the broader market bearishness and the weak Bitcoin [BTC] sentiment, BCH’s vary formation may proceed for plenty of months.
The Mounted Vary Quantity Profile from early 2024 confirmed that the Level of Management (crimson) was at $438. That is the purpose within the fastened vary that has seen the very best quantity of buying and selling.
Moreover, since mid-June 2025, Bitcoin Money [BCH] has seen a number of wicks on the weekly timeframe to the $440-$450 space earlier than it bounced increased.
The present value dip may react in the identical manner.
Although the MACD threatened a bearish crossover on the weekly timeframe, swing merchants ought to be careful for a retest of $438 and a bounce again above $480.
Supply: BCH/USDT on TradingView
The 1-day timeframe helped assert the significance of the $440-$470 demand zone. The technical indicators, particularly the momentum, had been extra bearish on this timeframe.
Nonetheless, from a value motion perspective, as long as the worth is above the $440 demand zone, there may be potential for a BCH bounce.
Ultimate Abstract
- The Bitcoin Money value motion has been range-bound over the previous two years.
- BCH has occupied solely the higher half of the vary since June 2025, and swing merchants shouldn’t swap to a bearish bias till this modifications.
Disclaimer: The knowledge introduced doesn’t represent monetary, funding, buying and selling, or different sorts of recommendation and is solely the author’s opinion.
