After a triple top that began in August 2025, and continued bearish pressure, Bitcoin Cash is still trading above multiple long-term support levels.
How do you determine if the market is bearish or bullish? Look at resistance versus support.
Since August 2025, sellers have been trying to push BCHUSDT below support unsuccessfully. This is a very strong bullish development.
Only on February 5 did the bears manage to close just one candle below support; however, all losses were quickly recovered the next day. A failed signal for the bears.
EMA377, which is a long-term moving average, continues to act as support. These, along with Fibonacci retracement levels drawn on the chart, are the main support levels involved.
BCHUSDT challenged EMA377 several times last year, and this support has always been in place.
It was tested in October 2025, then again in early and mid-November. Each time, only a wick broke down but the close happened above that and Bitcoin Cash resumed growth.
The last test occurred in late January 2026, last month, and then recently as mentioned above. All losses were recovered within hours. The bears failed to break the support. This translates to a bullish signal.
Since the bears could not keep the prices below support, the market is ready to challenge resistance next. In this case, the next resistance is at $669.6.
After the long pressure yesterday, the trading volume in the recovery session was much higher than the drop.
The long lower wick broke below 0.5 fib yesterday. But failed to reach 0.618. Another sign of strength.
All of this adds up to tell us that a bullish wave is coming next. This phase could last 1-2 months, 30 to 60 days. It could be more, but for now, it’s still early to say. This is the minimum.
The matter is simple. If the support breaks, the market can continue to move downwards. If the support holds, as it does month after month after month, the market has no choice but to challenge resistance again.
While there are many projects and charts to choose from, the fact that Bitcoin Cash is bullish now supports further growth of the rest of the altcoins.
Namaste.
✅ Trade here on $BCH