Behold, Bitcoin Cash [BCH], that most capricious of digital coins, has plummeted 17.4% in two days, as if the market had suddenly remembered it was a Tuesday. The 24-hour plunge of 11.23%? Merely a polite nod to the abyss. Previously, AMBCrypto had naively suggested that a dip below $500 might be “good news for bulls”-a statement now echoing like a ghost in a haunted tavern.
This descent, though dramatic, is but a prelude to greater absurdities. BCH, that eternal prisoner of its two-year range ($272-$680), dances still within its gilded cage. At the moment of this writing, the mid-range $476 mark looms like a mythical beast, demanding tribute from the desperate and the hopeful.
The Weekly Support Zone: Where Bulls Gather Dust and Hope
The volume indicators on the weekly chart, those stalwart scribes of chaos, remain cheerfully oblivious to the carnage. The CMF, that jovial drunkard of metrics, wobbles above +0.05, convinced it’s on a winning streak. The OBV, its twin in delusion, nods in agreement, as if they’ve both forgotten the meaning of “sell.”
Since late 2024, the OBV has trended higher, a fact as useful as a pocket watch in a world of instant gratification. Its relentless march upward whispers, “Buy low, sell higher, or at least don’t panic yet.”
Given the current market’s penchant for pessimism and BTC’s weary sigh, BCH’s range-bound existence may persist for months, a masochistic waltz of sideways drift.
The Fixed Range Volume Profile from early 2024 reveals the Point of Control at $438, a red flag in a sea of gray, where traders once clustered like pigeons vying for breadcrumbs. And since mid-June 2025, BCH has repeatedly kissed the $440-$450 zone before bouncing back, as if the price had a stubborn will to survive-or at least to confuse.
The current dip? A mere encore, perhaps even a encore to an encore.
The MACD, that fickle oracle of momentum, threatens a bearish crossover, but let no swing trader tremble! Watch for a retest of $438 and a leap above $480, lest we all succumb to the dreary chorus of doomsayers.
The 1-day chart, a masterclass in existential dread, underscores the $440-$470 demand zone. The momentum indicators, ever the skeptics, snarl like cats in a room full of rocking chairs. Yet, if the price clings to the $440 zone, a bounce is not out of the question-provided one believes in miracles and the kindness of strangers.
Final Summary
- The range-bound ballet of BCH continues, a performance so dull it could lull a rock to sleep.
- Since June 2025, BCH has holed up in the upper half of its range, daring bulls to hope. A bearish bias? Only if one wishes to dance with despair.
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2026-02-25 01:05