Bitcoin Cash ($BCH
) appears to be losing steam after its recent rally. Price is hovering near $633, but every push higher is quickly met with selling pressure, showing that buyers are struggling to stay in control. The $650 level remains a key resistance zone — unless BCH can break and hold above it, the short-term outlook leans in favor of sellers.
From a technical perspective, this looks like a normal cooldown after a strong move up, as profit-taking and fresh supply begin to weigh on price. Recent rallies are showing weaker continuation, which often signals the early stages of a correction rather than a full bearish trend shift. Important support areas sit around $610, $595, and $575, where buyers may step back in if price continues to drop.
Overall, BCH remains in a fragile state, with momentum tilted toward the downside while resistance at $650 holds. Watching trading volume, EMA structure, and how price reacts at support levels will help determine whether this is simply consolidation — or the beginning of a deeper pullback.
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