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Bitcoin Cash (BCH/USD) Market Sustains Downward Momentum Under Persistent Selling Conditions

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Bitcoin Cash (BCH/USD) Market Sustains Downward Momentum Under Persistent Selling Conditions

BCH Price Prediction—November 5

BCHUSD market sustains downward momentum under persistent selling conditions. BCHUSD continues to exhibit a bearish disposition as prices remain anchored below the 9-day simple moving average at approximately $538.0, underscoring sustained weakness in buyer conviction.

The Moving Average Convergence Divergence (MACD) indicator also supports this narrative, with the signal line maintaining dominance over the MACD line and histogram bars extending in negative territory. These developments collectively affirm the prevailing downside bias and highlight a market environment still governed by sellers.

BCH/USD Market Key Levels:

Resistance levels: $632.60, $680.00, $719.00
Support levels: $462.00, $377.90, $249.20

Bitcoin Cash (BCH/USD) Market Sustains Downward Momentum Under Persistent Selling Conditions

BCH/USD – Daily Chart

The BCH/USD daily chart shows an ongoing bearish trend as another break of structure looms.

From a structural perspective, the price has consistently respected a descending trendline since mid-September, with each rally encountering rejection around that boundary. The recent break of structure (BOS) near $461.0 reinforces bearish control, while the lower highs and lower lows pattern remains intact. The prior bullish swing that briefly reclaimed $550.0 was short-lived, forming a liquidity sweep above the breakout structure level (BSL) before resuming its decline. This price behavior confirms the persistence of distributional characteristics within the current framework.

Accuracy to the tweet, has rebounded from the $460–$470 support region, showing signs of a short-term recovery despite the prevailing bearish sentiment. The price could advance toward the $520 resistance and possibly challenge the $530–$540 supply zone, where selling pressure may reemerge. Market participants are advised to monitor these upper levels for rejection or reversal patterns that could signal renewed downside momentum toward $460–$470.

What is the projection for the BCHUSD market?

Looking ahead, continued weakness below $500 positions BCHUSD for further depreciation toward the $461.0–$443.0 support corridor, where short-term stabilization may occur. A decisive breach beneath this region could open additional downside toward $377.0, aligning with historical liquidity pools visible on the chart. Conversely, any sustained close above the $550.0–$560.0 range would be necessary to negate the bearish narrative, though such a recovery appears improbable given the reinforced momentum structure.

Bitcoin Cash (BCH) Current Statistics
The current price: $498.90
Market Capitalisation: $9,820,000,000
Trading Volume: $373,510,000

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