Why is Bitcoin Cash USD dropping today?

BCHUSD fell 8.41% due to broader market weakness and selling pressure. Volume surged to 685.8 million, indicating active trader exits. The cryptocurrency trades below its 50-day moving average of $596.76, signaling weakening momentum and technical deterioration.

What is the Bitcoin Cash USD price forecast?

Monthly target: $457.78 (-9.68%). Quarterly target: $608.05 (+20.00%). Yearly target: $347.19 (-31.48%). These forecasts reflect mixed signals, with near-term weakness but potential quarterly recovery if support holds.

What are the key support levels for BCHUSD?

Primary support sits at the Bollinger Band lower level of $531.34. Secondary support is at the day low of $467.54. Resistance forms at the 50-day moving average of $596.76 and upper Bollinger Band at $642.99.

Is Bitcoin Cash USD overbought or oversold?

RSI at 62.40 indicates neutral momentum without overbought conditions above 70 or oversold conditions below 30. This suggests balanced market conditions without extreme positioning.

What does the technical analysis show for BCHUSD?

MACD shows bullish crossover with signal line at 15.75. ADX at 22.20 reflects moderate trend strength. Stochastic at 79.71 indicates elevated momentum. Overall, indicators suggest consolidation with potential for directional movement.

Crypto Insights

Bitcoin Cash USD Breaks Below $510 as -8.41% Decline Tests Support

ByDanny Kontos February 2, 2026February 2, 2026

Bitcoin Cash USD (BCHUSD) is trading at $506.79 as of February 1, 2026, down 8.41% from recent highs. The cryptocurrency has faced selling pressure over the past month, with a -7.61% decline recorded in the last 30 days. Market participants are closely watching key support levels as BCHUSD tests lower price ranges. Understanding the current technical setup and market dynamics is essential for tracking this large-cap crypto mover. We’ll examine what’s driving the recent weakness in Bitcoin Cash USD and what levels matter most.