Bitcoin Cash price is under selling pressure, testing support near $470.8 and $460.3.
\nBitcoin pullback and market fear amplify downside risks for the BCH price.
\nKey resistance sits at $528.85, with potential upside if support holds.<\/p>\n
Bitcoin Cash price has come under significant pressure in the past 24 hours, with BCH slipping to $491.09 following a series of technical setbacks and broader market weakness.<\/p>\n
After failing to hold above the $530 resistance level, Bitcoin Cash (BCH) has seen selling momentum intensify, as a result of technical profit-taking and the influence of the Bitcoin price pullback.<\/p>\n
Eyes are now on whether BCH can stabilise above critical support levels or if the selling pressure will push the cryptocurrency toward lower demand zones.<\/p>\n
On November 13, Bitcoin Cash surged to $532 but faced rejection at the $530\u2013$532 zone, failing to sustain a breakout.<\/p>\n
The cryptocurrency\u2019s inability to remain above the 200-day EMA at $510.56 led to a break below the crucial $515 support, triggering algorithmic sell orders.<\/p>\n
Technical indicators such as the MACD, which remains below its signal line, have reinforced bearish momentum, while a close below the 61.8% Fibonacci retracement at $500.23 has invalidated the short-term bullish structure.<\/p>\n
Traders should now watch closely for a reclaim of $515 to stabilise prices, although a drop below $480 could open the door to deeper corrections.<\/p>\n
BCH had not been immune to the broader weakness in the crypto market.<\/p>\n
However, Bitcoin\u2019s rejection near $107,000<\/a> caused capital rotation away from riskier altcoins, with Bitcoin Cash (BCH) showing a 30-day correlation of 0.89 to Bitcoin (BTC).<\/p>\n This strong correlation amplified the downside, contributing to a 24-hour trading volume surge of 10.58% to $523 million as traders exited positions amid panic selling.<\/p>\n Market-wide risk aversion has further fueled the decline, with derivatives data showing a 4.58% drop in BCH futures open interest and overall spot volumes falling by more than 21%, reflecting low conviction across the market.<\/p>\n The Crypto Fear & Greed Index<\/a>, sitting at 22, indicating \u201cExtreme Fear,\u201d has also intensified the bearish sentiment.<\/p>\n On shorter timeframes, the 6-hour chart highlights heavy selling momentum as BCH nears critical support.<\/p>\n The immediate support around $470.8 is under pressure, with a notable demand zone at $460.3 potentially acting as a floor for buyers.<\/p>\n Resistance is positioned near $528.85, though the price has shown limited strength to test it.<\/p>\n A confirmed reversal pattern above 470.8 could prompt a retracement toward $528.85, but without clear bullish signals, further decline toward the 460.3 demand zone is likely.<\/p>\n Bitcoin price chart | Source: CoinMarketCap<\/a><\/p>\n Traders are advised to watch for momentum shifts before entering new positions, as failure to hold support could result in accelerated downside movement.<\/p>\n Longer-term resistance levels also frame the narrative for the BCH price.<\/p>\n According to market analysis<\/a>, holding above $473.62 is crucial for any upward movement toward $493.23, and surpassing that could pave the way to $528.85, with $544.23 marking the third resistance target.<\/p>\n Conversely, if $473.62 fails to hold, BCH may slide toward the next support at $444.75, underscoring the importance of this critical level in guiding near-term market behaviour.<\/p>\n Traders and investors should keep a close eye on momentum shifts, as failure to hold key support could lead BCH toward lower levels, while maintaining stability could allow for a measured rebound.<\/p>\n For those tracking market dynamics, understanding the interplay between Bitcoin Cash price and broader crypto movements remains critical in anticipating potential swings and making informed decisions.<\/p>\n The post Bitcoin Cash price prediction: eyes on the $460 demand zone if support gives way<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin Cash price is under selling pressure, testing support near $470.8 and $460.3. Bitcoin pullback and market fear amplify downside risks for the BCH price. Key resistance sits at $528.85, with potential upside if support holds. Bitcoin Cash price has come under significant pressure in the past 24 hours, with BCH slipping to $491.09 following […]<\/p>\n","protected":false},"author":0,"featured_media":5478,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-5477","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=5477"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5477\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/5478"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=5477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=5477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=5477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin Cash price short-term outlook<\/h2>\n