On the 4-hour chart, price continues to form lower highs and lower lows, confirming a sustained downtrend. Meanwhile, momentum continues to weaken, and buyers fail to regain strength.
Earlier, BCH attempted a recovery toward the $470–$480 range. However, sellers quickly rejected that move.
This sharp rejection reinforced the downward trend and highlighted strong resistance overhead.
Momentum indicators support this view. The Awesome Oscillator (AO) remains deep in negative territory, signaling strong downside momentum.
Similarly, the Chaikin Money Flow (CMF) remains below zero, indicating steady capital outflows. Importantly, no bullish divergence has emerged, suggesting buyers remain hesitant.
Overall, Bitcoin Cash’s price approaches a key inflection point. If support fails, the bearish structure is likely to continue.
Persistent Outflows Weigh on Price
In addition, spot market data reinforces the bearish outlook. Recent sessions show consistent outflows, indicating that capital is leaving the asset.
Although short-term inflow spikes occur, they fail to sustain upward momentum.
Even when netflows turn slightly positive, the price does not respond meaningfully. This suggests weak accumulation and stronger selling pressure.
Consequently, outflows continue to outweigh inflows. Unless demand improves significantly, BCH’s price will likely remain under pressure in the near term.
This behavior points to continuation rather than reversal. Now, the price is compressing near the $423 support zone, which is a level that previously acted as demand.
However, momentum indicators offer little support. The Moving Average Convergence Divergence (MACD) remains negative, while the Relative Strength Index (RSI) stays below neutral, both reflecting ongoing selling pressure.
At the same time, lower highs continue to form, reinforcing the downtrend.
If $423 breaks, downside momentum could accelerate toward lower support levels. On the other hand, any meaningful recovery must reclaim $524 to invalidate the current bearish structure.
Disclaimer:
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.
