Bitcoin Cash holds near $260 as traders monitor resistance levels
Bitcoin Cash (BCH)
Editor:
Eugene Serbin
tradersunion.com reports that Bitcoin Cash (BCH) is trading near $260 after sellers reclaimed some ground, resulting in a 1.4% decline over the past week. Bulls failed to confirm a breakout as resistance capped buying pressure, leaving the asset stuck in a tight band. The daily chart shows a sustained move lower with a firm trend and 9.33% weekly volatility.
Momentum is led by a strong MACD reading of 8.84 with a buy direction, while an ADX of 31.64 confirms a durable trend. Immediate support sits at $252.65, marked by the Ichimoku Kijun, with resistance close overhead at $261.4. Price action clustered near resistance hints at a potential breakout if buying pressure persists.
In the week ahead, the expected trading range is $247.89 to $271.5. There is a very high probability of an increase and a very low probability of a decline. The base case is continued range trade between $252.65 and $261.4.
A sustained push through $261.4 would target the upper end of the range at $271.5. Earlier, analysts noted that shifting relationships between bond yields, currencies, and non-yielding assets like bitcoin could support demand for hard assets amid fiscal uncertainty. Current technicals for Bitcoin Cash add a new dimension to this thesis, suggesting traders should closely monitor the $261.4 resistance as a potential pivot for further upside.
How the market reacted
Whalio's own Binance spot order flow for BCH, measured when this story was written up on 4 September 2026. Not the outlet's figures.
Whalio data shows BCH trading at $256.60 with a 1-hour buy ratio of 68.0% and a 4-hour buy ratio of 60.2%, compared to a 24-hour buy ratio of 55.6%. This indicates that buying pressure is building in the short term relative to the longer timeframe. The volume delta is positive across all periods, with +$63,534 in the last hour, +$287,846 in the last four hours, and +$1,196,486 in the last 24 hours. A positive volume delta means that buyers are actively consuming sell orders, pushing the price up. The cumulative volume delta (CVD) for the 24-hour close is +$1,345,766, confirming sustained buying interest. Spot volume over 24 hours reached $10,882,874 across 87,983 trades.
The latest daily buy ratio of 52.1% sits at the 60th percentile of the last 281 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 49.9%, making the current 24-hour ratio of 55.6% an increase of 5.6 points. Volume was 1.44 times the average, indicating an unusual level of activity for this coin. The price change over the last 8 days was -4.9%, with a total volume delta of +$399,130. Net buying occurred on 3 of the 7 days in the preceding week. This suggests that while the immediate flow is strong, the broader weekly trend has been mixed with recent price declines.