Bitcoin Cash (BCH) Price Stalls Below Key Resistance — Is a Bigger Drop Coming?

Bitcoin Cash is starting to exhibit clear signs of exhaustion after repeatedly failing to break through a key resistance zone.

Despite several attempts to push higher this cycle, BCH has been unable to hold above the $615–$620 area.

Instead, the price structure is shifting, momentum is weakening, and technical indicators are beginning to roll over on higher time frames.

So why is Bitcoin Cash price going down, and is this just a temporary pullback or the start of a much deeper correction?

Bitcoin Cash Price Analysis

The Bitcoin Cash price has made several unsuccessful attempts to break out of the $615 resistance area this cycle.

However, while it briefly moved above this level several times, it never managed to sustain the rally.

On the contrary, it created numerous long upper wicks and lower highs (red icons).

Combined, they created a descending resistance trend line, which rejected the Bitcoin Cash price last week.

Thus, despite the trend of higher lows, Bitcoin Cash is also creating lower highs, a signal that indicates bears are gradually gaining control.

Bitcoin Cash Price Crash Incoming?

Momentum indicators suggest that new lows are likely.

• The Relative Strength Index (RSI) risks crashing below 50.
• The Moving Average Convergence/Divergence (MACD) is nearly 0.

The closest support area is at $470, meaning that the BCH price could crash by 12.5% until it reaches it.

However, the indicator readings have turned bearish in the weekly time frame.

Thus, they may kickstart a long-term bearish trend reversal.

If that is the case, the BCH price could crash by 40% until it hits the $320 resistance area.

For now, all eyes will be on the $470 support area to see if the price will react once it reaches it.

Short-Term BCH Price Prediction

Finally, the daily chart illustrates why Bitcoin Cash is experiencing a decline.

The BCH price trades inside an ascending parallel channel that has contained the upward movement since Oct. 17.

These channels usually contain corrective movements.

Bitcoin Cash trades in the lower portion of the channel today, increasing the likelihood of an eventual breakdown.

The trend line is currently at $500. Once that breaks, Bitcoin Cash will confirm its bearish price prediction, triggering a much deeper plunge.

Just like the weekly time frame, the daily RSI and MACD are moving downward, confirming the bearish trend.

BCH Breakdown Incoming

Bitcoin Cash is now at a pivotal moment.

Repeated failures at the $615 resistance, combined with bearish momentum signals and a corrective channel structure, suggest that the recent rally may have been the final leg of an A-B-C correction rather than the start of a new bull phase.

If BCH loses the $470 support, the door opens to a much larger decline toward $320, confirming that a cycle high may already be in place.

Until Bitcoin Cash can reclaim broken resistance with strong volume, rallies are likely to be sold, keeping downside risks firmly in focus.

About the Author

Valdrin Tahiri

Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.

He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.

Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.

He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.

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