BCH/USD Technical Analysis: Bears step in to correct the market

BCH/USD bears took over the market this Monday and brought the price down from $321 to $307.

Rajarshi Mitra Independent Analyst

BCH/USD Daily Chart

BCH/USD is currently consolidating in a channel before a potential breakout.
The market is trending above both the 50-day simple moving average (SMA 50) and 200-day simple moving average (SMA 200).
The latest session of the Elliot Wave Oscillator was bearish which shows that that bears may have taken over the market.

BCH/USD 4-Hour Chart

The relative strength index (RSI) indicator is trending in the neutral zone.
The Ichimoku indicator shows that the current market sentiment may be bearish.

BCH/USD Hourly Chart

BCH/USD hourly market charts a triangle formation out of which it has had a bearish breakout.
The moving average convergence/divergence (MACD) indicator shows slight bullish momentum.
The market is trending below the 20-day simple moving average (SMA 20) curve, but it is still comfortable above the lower curve of the 20-day Bollinger band.

Key Levels

BCH/USD

Overview
Today last price	307.0219
Today Daily Change	-13.3171
Today Daily Change %	-4.16
Today daily open	320.339

Trends
Daily SMA20	201.6755
Daily SMA50	161.8491
Daily SMA100	147.6274
Daily SMA200	253.4191

Levels
Previous Daily High	328.8602
Previous Daily Low	298.7475
Previous Weekly High	352.3611
Previous Weekly Low	165.7283
Previous Monthly High	172.9457
Previous Monthly Low	120.5261
Daily Fibonacci 38.2%	317.3571
Daily Fibonacci 61.8%	310.2505
Daily Pivot Point S1	303.1042
Daily Pivot Point S2	285.8695
Daily Pivot Point S3	272.9915
Daily Pivot Point R1	333.217
Daily Pivot Point R2	346.095
Daily Pivot Point R3	363.3297

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Sberbank issues Russia's first corporate loan backed by Bitcoin

Russia's largest bank Sberbank launched the country's first Bitcoin-backed corporate loan to miner Intelion Data. The pilot deal uses cryptocurrency as collateral through Sberbank's proprietary Rutoken custody solution.

Bitcoin recovers to $87,000 as retail optimism offsets steady ETF outflows

Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.

Traders split over whether lighter’s LIT clears $3 billion FDV after launch