Coinidol.com: the price of Bitcoin Cash (BCH) has broken out of its sideways trend, falling below the lower price range of $530.
Bitcoin Cash price long-term analysis: bearish
Since August 12, BCH has been trading between the $530 support and below the $640 resistance, as Coinidol.com wrote. The cryptocurrency reached a low of $474 before recovering.
Today, BCH reversed upwards to reach a high of $540 before pulling back. Buyers are struggling to push the price above the $530 level, which has now become a resistance. BCH is currently trading above the $475 support and below the $540 peak. On the positive side, BCH will resume its upward trend if buyers can sustain the price above the $530 resistance. However, a further decline in the cryptocurrency is unlikely.
Technical Indicators
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Key Resistance Zones: $600, $650, $700 -
Key Support Zones: $500, $450, $400
Bitcoin Cash indicator reading
A long candlestick has broken above the $475 level, indicating strong buying pressure near the $475 support. The price bars are below the horizontal moving average lines. The 21-day SMA is sliding down towards the 50-day SMA support.
BCH/USD daily chart – October 11, 2025
What is the next direction for BCH/USD?
After its decline, BCH has recovered above the $500 support level. The altcoin is currently trading above the $500 support but below the $540 resistance. The $540 barrier is hindering the upward trend. Doji candlesticks have appeared, indicating that price movement has stalled.
BCH/USD 4-hours chart – October 11, 2025
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.
Source: https://coinidol.com/bitcoin-cash-continues-to-decline/
