What is driving the BCHUSD price decline today?

Heavy selling pressure and volume of 685.8 million indicate capitulation. The break below the 50-day moving average at $596.76 triggered additional selling. Broader cryptocurrency market weakness also contributed to the 8.41% decline from recent highs.

What are the key support levels for Bitcoin Cash USD?

The $531.34 lower Bollinger Band provides critical support. The $467.54 level tested today marks another key zone. The 200-day moving average at $561.76 offers intermediate support if price bounces from lower levels.

Is the RSI overbought or oversold for BCHUSD?

The RSI at 62.40 is neutral, neither overbought above 70 nor oversold below 30. This suggests the asset has room to move in either direction without extreme momentum conditions limiting further moves.

What does the MACD indicate for Bitcoin Cash USD?

The MACD histogram at 4.07 with signal line at 15.75 shows early bullish divergence. This suggests momentum may be stabilizing despite the price decline, potentially setting up a bounce from current support levels.

What is the quarterly price target for BCHUSD?

The quarterly forecast projects $608.05, representing a 20.01% gain from current levels. This target aligns with the 50-day moving average and could attract buyers seeking mean reversion trades.

Crypto Insights

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

ByDanny Kontos February 4, 2026

Bitcoin Cash USD (BCHUSD) is trading at $506.79 as of February 4, 2026, down 8.41% from recent highs. The cryptocurrency faces mounting pressure as it tests critical support levels amid broader market volatility. Understanding why BCHUSD is dropping requires examining both technical indicators and market sentiment. Our analysis covers the key factors driving this decline and what traders should monitor moving forward.