|

Bitcoin Cash Price Analysis: BCH/USD ruthless bears gnaw the price towards $200

  • Bitcoin Cash ravages through several support areas as bears target $200.
  • The applied technical indicators suggest that BCH is in for a tough trading session this weekend.

Cryptocurrencies continue to trade in intense selling pressure. As for Bitcoin Cash, pressure on key support is putting support areas such as $210 and $200 in jeopardy. The impressive correction above $220 failed to take the price action above $230. Instead, Bitcoin Cash formed a high around $227, later giving way to the ongoing retracement.

The break below the shallow short-term rising wedge pattern is also contributing to the dire declines experienced on Sunday. BCH is trading 3.4% lower on the day while the volatility expands. The price is also beneath the 50 SMA on the 4-hour chart.

If the support at $210 gives in, Bitcoin Cash could smash through the next support at $200. The region between $190 and $200 continues to be the saving grace for BCH, especially with heavy buyer congestion.

The RSI and the MACD show that the bears are bound to get more ruthless in the coming sessions. It is likely that Bitcoin will have a drab start for the week that begins on Monday.

BCH/USD 4-hour chart

Author

John Isige

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

More from John Isige
Share:

Editor's Picks

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple at risk as US-Iran war extends

Bitcoin, Ethereum, and Ripple trade cautiously at press time on Friday, close to key support levels after a roughly 2% pullback the previous day. Bitcoin holds above $71,000, Ethereum at $2,000, and XRP continues to consolidate in a sideways range.

Top Crypto Gainers: Lombard, Humanity Protocol, OKB rally on US Fed’s tokenized securities clarity, NYSE investment

Lombard, Humanity Protocol, and OKB rally over the last 24 hours, securing the top-gainer spots in the early Asian session. The US Federal Reserve issued clarity on tokenized securities, which expands its utility and reduces regulatory friction with US banks, driving the Real-World Assets tokenization crypto projects.

Ethereum Price Forecast: ETFs pull in $169M as validators pile in to stake ETH

US spot Ethereum exchange-traded funds (ETFs) recorded $169 million in net inflows on Wednesday, marking the largest daily intake in two months, according to SoSoValue data. The rise in inflows signals renewed institutional interest in Ethereum amid broader market volatility.

NYSE parent Intercontinental Exchange partners with OKX, invests at a $25B valuation

OKX announced an investment from Intercontinental Exchange (ICE), raising its valuation to $25 billion, alongside a partnership to expand regulated crypto futures and tokenized equity offerings globally.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.