Bitcoin Cash Dip: Why the Sub-$500 Move Could Be a Buyer’s Dream

by

Bitcoin Cash, that stubborn mule of the markets, wears a believer’s badge among the top ten with a weekly chart that hints at morning light. The second hopeful, Binance Coin, trudges under a 54% drawdown in four months, like a weary horse paddling a long fence line.

Yet BCH has kept to a quiet road for nearly twenty months, moving within a range from $272 to $640. It’s a place where swing traders learn patience the way a farmer learns weather-by standing, listening, and waiting for a breeze that may or may not come.

AMBCrypto noted that those with long horizons want to see the range highs broken and flipped into support before they hitch their wagons to the trend. Bulls teased a breakout in early January, but the spark never caught, and a market-wide cough pulled the talk back to the dust.

The network wears a calm face, though. More transactions, more whale feet stirring the water, and a liquidity rhythm on-chain in recent weeks suggest life moving through the thing like current through a riverbed.

Swing traders watch the mid-range level for the next move

Since the second week of October, BCH has skewered below the $456 mid-range support three times on the weekly view. A candle closing beneath it hasn’t arrived yet, keeping the bullish story alive as a stubborn mule keeps its pace.

The A/D indicator has climbed since 2024-a patient sign of steady buying pressure. The weekly RSI sits at 47, a middle ground where momentum isn’t yelling, but it isn’t sleeping either.

Taken with the long arc of price action, a dip to the $440-$460 zone looks like a low-risk, high-reward doorway for those who trust patience more than bravado.

Local supply zone could trigger another price drop

The liquidation heatmap shows nearby magnetic zones at $550 and $610, like signposts along a lonely road. They pull prices upward before they turn, and the local supply at $550 has been gathering liquidity for ten days, as if watching for a rain that might never come.

In the four-hour frame, BCH bulls could not breach $540. It’s the kind of stubborn stumbling that makes a trader squint and grin at the same time. So a short squeeze toward $550-$560 before a fall to $460 is a play some will try, unless Bitcoin Cash suddenly climbs above $580 and spoils the joke.

Final Thoughts

  • Bitcoin Cash has been trading within a higher timeframe range for nearly 20 months.
  • The $540-supply zone overhead could be swept before a bearish reversal to the long-term demand zone at the mid-range support.

Read More

2026-02-11 04:07