The post Bitcoin Cash Tests Key Support at $463 as Crypto Markets Face Continued Selling Pressure appeared on BitcoinEthereumNews.com.

Terrill Dicki
Oct 19, 2025 06:00

BCH price drops 2.7% to $463.10, approaching critical support levels amid broader crypto weakness and oversold technical conditions signaling potential reversal zone.

Quick Take • BCH trading at $463.10 (down 2.7% in 24h) • Trading on technical factors in absence of major catalysts • Approaching lower Bollinger Band support at $454.21 • Following Bitcoin’s broader market weakness Market Events Driving Bitcoin Cash Price Movement No significant news events have emerged in the past 48 hours affecting Bitcoin Cash specifically. The BCH price decline appears driven primarily by broader cryptocurrency market weakness, with Bitcoin and major altcoins experiencing similar selling pressure. Without major catalysts, Bitcoin Cash technical analysis becomes the primary driver of trading decisions. The current price action reflects a continuation of the corrective phase that began from higher levels, with traders focusing on key support zones to determine if this represents a buying opportunity or further downside risk. The absence of significant institutional announcements, regulatory developments, or partnership news has left BCH vulnerable to technical trading patterns and broader market sentiment, making support and resistance levels particularly crucial for near-term direction. BCH Technical Analysis: Oversold Conditions Emerging Price Action Context Bitcoin Cash is trading well below all major moving averages, with the current price of $463.10 sitting beneath the 7-day SMA ($501.84), 20-day SMA ($547.29), and 50-day SMA ($568.17). However, BCH has found support above the 200-day moving average at $483.84, which historically serves as a long-term trend indicator. The 24-hour trading range of $462.10 to $483.70 shows BCH testing the lower bounds, with volume of $10.07 million on Binance spot indicating moderate but not exceptional selling interest. Key Technical Indicators The RSI reading of 30.24 places Bitcoin Cash in oversold territory, suggesting potential for…

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Filed under: News - @ October 19, 2025 6:23 am