BCH Technical Analysis Jan 20
The post BCH Technical Analysis Jan 20 appeared on BitcoinEthereumNews.com.
BCH market structure is trapped in a sideways consolidation – short-term bearish pressure is increasing, BOS levels are critical for trend change. Market Structure Overview BCH/USD is trading at $579.50 as of January 20, 2026. It closed in the $573.60 – $594.70 range with a 1.95% drop over the last 24 hours. The market structure is generally exhibiting a sideways (horizontal) character; there is no clear bullish (HH/HL) or bearish (LH/LL) series. Price remains below EMA20 ($604.73), confirming the short-term bearish bias. Supertrend signal is bearish and $662.64 resistance level is prominent. RSI at 41.07 is neutral-down, MACD with negative histogram showing bearish momentum. In the multi-timeframe (MTF) structure, a total of 15 strong levels were identified across 1D/3D/1W timeframes: 4 supports/3 resistances on 1D, 2S/3R on 3D, 2S/3R balanced distribution on 1W. This indicates continuation of the sideways structure but with bearish bias dominating in the short term. The market is squeezed between recent swing levels; bullish continuation target at $731.18 (score 22) is distant, bearish breakdown at $303.28 (score 4) has low probability. News flow is calm, structural moves depend on price action. Trend Analysis: Bullish or Bearish? Bullish Trend Signals For a bullish trend, the classic HH (Higher Highs) and HL (Higher Lows) pattern is required. Currently, there is no clear HH/HL series; price is being pulled down without testing recent swing highs ($583.10, $599.47, $616.70). For a near-term bullish signal, price needs to close above $583.10 (score 88/100) and then break $599.47 as HH. This would confirm HLs (higher lows than $556.85) if EMA20 is broken upward with BOS (Break of Structure). RSI moving above 50 and MACD histogram turning positive would be supportive. However, the current sideways structure shows absence of strong buyers – last 24h range is narrow, volume is low. Educational note: HH/HL…
Filed under: News - @ January 20, 2026 8:30 am