Bitcoin Cash (BCH) remains one of the few large-cap crypto assets maintaining a constructive weekly structure despite broader market volatility. While several major assets have experienced deep multi-month corrections, BCH has largely traded within a well-defined range for nearly 20 months, fluctuating between approximately $272 and $640.
This prolonged consolidation phase has created repeated swing opportunities and, more importantly, established a clear structural framework for market participants.
Range Structure Remains Intact
Although BCH recently slipped below the psychological $500 level, this move does not necessarily invalidate the broader bullish structure visible on the weekly timeframe. In fact, temporary dips below mid-range levels can often serve as liquidity resets before renewed accumulation phases.
Since the second week of October, BCH has tested the mid-range support near $456 multiple times on the weekly chart. Notably, there has been no confirmed weekly close below this level. This behavior suggests that buyers continue to defend the structural midpoint of the range.
Longer-term participants are reportedly watching for a decisive breakout above the upper boundary near $640, ideally followed by a successful retest as support, before positioning for a larger expansion phase.
On-Chain Activity and Whale Participation
Beyond price action, network fundamentals appear stable. Transaction counts have shown steady growth, while recent whale activity indicates active capital rotation within the ecosystem. Elevated large-holder transfers often reflect strategic positioning rather than panic selling.
This ongoing liquidity circulation suggests that despite short-term price fluctuations, the network itself is not experiencing structural deterioration.
Accumulation Signals and Momentum Indicators
The weekly Accumulation/Distribution (A/D) indicator has maintained an upward trajectory since 2024, highlighting sustained buying pressure beneath the surface. Meanwhile, the weekly RSI currently sits around 47, reflecting neutral momentum rather than overbought or oversold extremes.
When combining price structure with momentum readings, the $440–$460 zone continues to stand out as a key demand region. From a structural standpoint, this area represents a lower-risk participation zone within the broader range framework.
Local Supply and Liquidity Magnets
Liquidation heatmap data identifies $550 and $610 as notable liquidity clusters. These zones may act as short-term price magnets, potentially drawing BCH upward before any larger directional move unfolds.
However, on the 4-hour timeframe, buyers have struggled to sustain acceptance above the $540 resistance level. A short-term scenario could involve a liquidity sweep toward $550–$560, followed by renewed consolidation or retracement toward the range midpoint near $460.
A sustained move above $580 would invalidate this consolidation scenario and increase the probability of a stronger upward continuation toward the upper range boundary.
While BCH trading below $500 may initially appear negative, within the context of its long-term range, such pullbacks can represent structural resets rather than breakdowns. The broader range framework remains intact unless mid-range support is decisively lost.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Always conduct your own research before making financial decisions.
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