Bitcoin Cash drops 9.51% to $227.4 amid bearish technicals
Bitcoin Cash (BCH)
Editor:
Eugene Serbin
tradersunion.com reports that Bitcoin Cash (BCH) has fallen 9.51% to trade at $227.4, positioning the asset below its key moving averages. The coin recorded a market capitalization of approximately $5 billion as of September 10, 2026, according to Techbullion, maintaining its status among major cryptocurrencies despite selling pressure. On the hourly chart, BCH trades below the MA-20 at $230.14 and the MA-50 at $245.09, while sitting well under the daily MA-200 at $329.07.
Immediate resistance is located at the Ichimoku Kijun level of $237.55, with momentum indicators showing a strong sell signal from the MACD and a prevailing sell bias confirmed by the ADX. The RSI stands at 33.63, indicating ongoing selling pressure, whereas the Stochastic RSI is overbought and the CCI remains neutral. Bull/Bear Power shows oversold conditions reflecting intraday seller dominance, while the Awesome Oscillator is neutral.
Over the next 2–3 trading days, BCH is projected to fluctuate between $216.8 and $238. There is a 70% probability of a downward move, with a 30% chance for upside if the price stays stable. A decisive break above $237.55 would open a bullish scenario, while a drop below $216.8 could deepen the bearish trend.
How the market reacted
Whalio's own Binance spot order flow for BCH, measured when this story was written up on 11 September 2026. Not the outlet's figures.
Whalio spot data shows BCH trading at $223.80 with a 1-hour buy ratio of 42.4% and a 4-hour buy ratio of 49.6%. These short-term figures are lower than the 24-hour buy ratio of 45.9%, suggesting that buying pressure is fading relative to the daily average. The 1-hour volume delta is -$108,477 and the 4-hour delta is -$16,462, indicating net selling in the immediate term. Over 24 hours, the volume delta is -$2,674,227, with a cumulative CVD of -$3,104,772 at close. Net buying occurred in only 7 of the 24 hours, highlighting a dominant selling trend throughout the day.
The latest daily buy ratio of 52.0% sits at the 60th percentile of the last 324 days, against a median of 50.8% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for BCH, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.5%, compared to a 4.6 percentage point drop in the latest day. Spot volume for the 24-hour period was 3.29 times the weekly average, marking this as an unusually active trading day. The 8-day price change was -12.8%, with a total volume delta of -$1,704,867 for the period. Net buying occurred on 5 of the 7 days in the preceding week. This recent activity contrasts with the current day's lower buy ratio and negative volume delta, indicating a shift in sentiment.