#BCH#

Bitcoin Cash (BCH) current data and technical analysis predictions:
Current Price and Market Value:
As of now (May 15, 2025, 12:10), the price of Bitcoin Cash is around 390-400 USD. The market value is around 7.7 - 7.9 billion USD.
Latest Performance:
* Last 24 hours: Price is decreasing (-1.94% to -0.58%).
* Last 1 week: Price is increasing (+6.90% to +7.95%).
* Last 1 month: There is a strong upward performance (+16.89% to +18.00%).
* Since the beginning of the year: There is still a slight decrease (-7.51% to -6.90%).
* Last 1 year: There has been a decrease of approximately -8%.
Technical Analysis Indicators:
According to technical analysis indicators taken from different sources, although there is no general consensus, some important points stand out:
* TradingView: There are short-term bearish signals and medium-term bullish analyses. M-Signal indicators seem to support the uptrend. However, the "dome-shaped rounding top" formation may indicate that buyers are losing control.
* "Strong Sell", "Sell", "Neutral" and "Buy" signals are found together in different time frames. Moving averages also give similarly mixed signals. Downward pressure may be felt in the short term.
* It is stated that there is movement within a horizontal trend channel in the medium term. An upward break of the 403 USD level is considered a positive signal and targets are shown at 534 USD or above.
* It is stated that the downward trend is weak in the short term and long positions can be evaluated.
Important Notes:
* Funding Rate: The fact that the BCH funding rate has turned negative indicates that short positions have increased and the expectation of a downward trend has increased. This may create downward pressure on the price.
* Chart Formations: The "dome-shaped rounding top" formation formed on the 4-hour chart indicates that the uptrend is weakening and the decline may continue.
* Fibonacci Levels: In a possible downtrend scenario, the 0.382 Fibonacci level around 345.20 USD can be monitored as a support point.
* Moving Averages: The fact that short-term moving averages have started to give bearish signals indicates that there may be a weakening in the trend.
Conclusion:
Bitcoin Cash is currently at a critical point. In the short term, downward pressure and negative on-chain data are notable. However, some technical analyzes show that there is still upward potential in the medium term. In particular, movements above 400 USD and changes in the funding rate should be closely monitored.