Bitcoin Cash (BCH) has declined 17.4% over two days, testing a key support level near $476. Analysis of weekly chart data indicates the price remains within a two-year range, with a critical demand zone between $440 and $470 seen as pivotal for a potential bullish reaction, despite broader market bearishness.
The price of Bitcoin Cash has declined significantly, shedding 11.23% in the past 24 hours and 17.4% over the past two days. This downturn has brought BCH to test its mid-range support level at approximately $476.
Weekly chart data show the asset continues to trade within a two-year range spanning from $272 to $680. Technical indicators on this timeframe, however, signal sustained capital inflows with the Chaikin Money Flow above the +0.05 level.
The On-Balance Volume has trended higher since late 2024, indicating consistent buying pressure. This suggests a future breakout, though the range-bound formation could persist for months given weak Bitcoin sentiment.
Analysis points to the $438 level, identified as the Point of Control in the Fixed Range Volume Profile, as a high-volume zone. “Swing traders should watch out for a retest of $438 and a bounce back above $480,” the data suggests, noting that the $440-$450 area has seen multiple bullish wicks since mid-June 2025.
On the daily timeframe, momentum indicators appear more bearish, but the $440-$470 demand zone remains crucial. Price action indicates potential for a bounce so long as BCH remains above this zone, as it has occupied only the upper half of its long-term range since June 2025.
