Bitcoin Cash rises 11.86% to $247.2 on technical support
Bitcoin Cash (BCH)
Editor:
Eugene Serbin
tradersunion.com reports that Bitcoin Cash (BCH) is trading at $247.2, marking an 11.86% increase today. The price sits above its key moving averages, suggesting positive short- and medium-term momentum. Specifically, BCH trades above the MA-20 at $234.44 and the MA-50 at $225.5, though it remains well below the MA-200 at $320.33.
Immediate technical support is identified by the Ichimoku Kijun at $235.1. Momentum indicators show mixed signals, with MACD and ADX signaling a Buy while the RSI is elevated at 82.52. The CCI is overbought, highlighting stretched conditions, whereas Stochastic RSI points to a strong sell.
Bull/Bear Power and the Awesome Oscillator both reveal strong buyer dominance supporting the upward movement. Analysts noted that BCH exhibits short-term strength within an otherwise bearish technical setup. The rally above key moving averages signals a shift toward positive momentum.
The $253.53 breakout level is identified as a key threshold for potential upside. A drop below the Ichimoku Kijun at $235.1 would likely trigger renewed downward pressure. Over the next 2 to 3 trading days, BCH is expected to trade within a volatility band of $240.8 to $253.53. The base scenario assigns a 75% probability to a continued up move.
How the market reacted
Whalio's own Binance spot order flow for BCH, measured when this story was written up on 18 September 2026. Not the outlet's figures.
Whalio spot data for BCH shows a price of $233.90 with a 1-hour buy ratio of 56.9%, indicating strong short-term buying pressure. This contrasts with the 4-hour buy ratio of 48.7%, suggesting that buying interest is weakening over a slightly longer timeframe. The 24-hour buy ratio stands at 54.8%, showing a balanced but slightly bullish sentiment over the full day. Volume Delta for the hour is positive at +$60,567, while the 4-hour delta is negative at -$72,133. This divergence suggests that recent buying is not sustaining over the four-hour window. The 24-hour Volume Delta is +$1,224,526, and the CVD at 24-hour close is +$621,293. These positive figures indicate net buying pressure over the last day. Spot Volume for 24 hours is $13,180,079 across 85,713 trades. Net buying occurred for 10 of the 24 hours.
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 44.6%, making the current 24-hour ratio of 54.8% an unusual day of heightened buying. This represents a 10.2 point increase in buying pressure compared to the weekly average. Volume relative to the weekly average is 0.94x, indicating slightly lower activity than usual. The price changed by +4.5% over the last 8 days. Total Volume Delta for the 8-day period was -$7,787,086, showing net selling pressure over the week. Only 2 of the 7 days saw net buying. This recent day of buying stands out against a week dominated by net outflows.