Key Takeaways
- BCH is holding above $400 support and showing signs of recovery, with buyers stepping in and momentum turning bullish.
- A break above the $470 resistance could confirm a trend shift and open the path toward higher levels like $520.
- Despite improving indicators, the structure remains fragile, and failure to break resistance could lead to another drop.
Bitcoin Cash (BCH) has held above the key $400 support level and is currently trading around $460 after breaking out of a descending channel.
With bullish momentum building, this setup suggests BCH could continue higher rather than revisit another decline.
Let’s find out.
BCH Bulls Accumulate Quietly
BCH is attempting a recovery after climbing back toward the $454-$455 region.
The asset is now holding above lower support levels.
However, the broader structure remains unchanged on the 4-hour chart.
BCH’s price continues to trade within a defined range, capped below the $470 resistance and supported near $420.
Still, recent price action shows a shift. Buyers are stepping in more consistently.
As a result, short-term sentiment is improving.
The Moving Average Convergence Divergence (MACD) has crossed into positive territory.
The histogram is printing green bars. This signals growing bullish momentum. In addition, the signal lines are curling upward, reinforcing the shift.
Meanwhile, the Chaikin Money Flow (CMF) has moved slightly above zero. This indicates mild capital inflows. While not strong yet, it suggests accumulation is beginning.
So, if Bitcoin Cash buyers break above $455, momentum could accelerate toward $470.
A breakout above that level would shift the structure to the bullish side.
Liquidation Data Supports the Move
Additionally, Bitcoin Cash derivatives data indicate a mixed but increasingly constructive market structure.
As stated earlier, BCH’s price is hovering around $460, while liquidation activity signals ongoing battles between longs and shorts.
Notably, short liquidations have spiked intermittently, suggesting bears are being squeezed during short-term rebounds.
However, long liquidations still appear during downside moves, confirming that leverage remains on both sides.
Despite this, recent sessions show improved stability, with fewer extreme liquidation clusters than during earlier volatility phases.
This indicates a gradual cooling of excessive leverage.
At the same time, price resilience near key support levels suggests buyers are absorbing sell pressure more effectively.
Overall, while sentiment remains cautious, liquidation patterns suggest the market is preparing for a directional move rather than continuing to compress sideways.
BCH Price Forecast: Higher Highs
On the daily chart, Bitcoin Cash is attempting to stabilize after a prolonged downtrend, trading near $454 and holding above the $420 support zone.
For instance, the token’s price recently rebounded from this level, forming a short-term base.
Notably, bulls are actively defending this area despite the prevailing bearish structure, preventing a deeper breakdown for now.
However, the broader trend remains fragile. BCH is still trading below a descending trendline, which continues to cap recovery attempts.
Meanwhile, the $500 region stands as immediate resistance, aligning with the 0.236 Fibonacci level.
As a result, upside remains limited unless buyers reclaim this zone with conviction.
Even so, momentum is beginning to shift.
The Awesome Oscillator has flipped positive, signaling early bullish pressure.
At the same time, RSI is climbing toward the midline, reflecting strengthening demand without entering overbought territory.
Therefore, BCH is at a decision point.
A break above resistance could trigger recovery toward $520.
Otherwise, failure may expose the $420 support to renewed selling pressure.
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
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