Key Insights:
- Bitcoin Cash price is holding near the $600 zone while on-chain data shows fewer coins being moved, signaling reduced selling pressure.
- RSI divergence and a reclaim of short-term averages suggest momentum is improving, even as price stays range-bound.
- A sustained hold above $600–$630 could open the path toward $686, while losses below key averages bring downside levels back into focus.
Bitcoin Cash has stayed quiet near the same level for days. BCH price is trading around $595–$600, showing little change over the past week or month.
At the same time, it remains up about 45% year on year, one of the few large coins doing better than Bitcoin over a longer period. That contrast matters. While the price looks stuck short-term, several signals underneath are slowly lining up near the same zone.
Selling Pressure is Easing as BCH Coin Movement Slows
One of the clearest changes is happening on-chain. Bitcoin Cash coin activity has dropped sharply over the past two months. Spent coin activity (fast-moving coins) was near 137,000. Today, it sits close to 714, the lowest level since early September 2025.
When fewer coins are moving, it usually means fewer holders are looking to sell. Coins staying still often point to waiting rather than exiting. This type of slowdown has appeared before during quiet phases in BCH.
The last time coin activity fell to similar levels, Bitcoin Cash traded near $600 before pushing higher toward $639 within a short period. The pattern does not guarantee the same outcome, but it shows that low coin movement has often appeared when selling pressure fades.
Momentum data supports this picture. Between Dec. 14 and Jan. 25, Bitcoin Cash price formed a higher low. During the same period, RSI formed a lower low. This type of divergence often shows that sellers are losing control, even when the price itself has not changed much.
Together, slower coin movement and improving momentum suggest pressure is no longer building on the downside.
Short-Term Trend Levels are Turning Supportive
The price chart adds another layer. Bitcoin Cash price is now above its 20-day EMA line. This level often reflects short-term trend direction and trader behavior.
In December, the last clean hold above the 20-day EMA was followed by a strong price expansion over the following sessions. That example shows why this average matters for BCH, especially during quiet periods.
As long as BCH price stays above the EMA lines, bullishness would remain. If the price falls back below both the 20-day and 50-day EMAs, pressure would likely return, with downside zones coming back in play.
For now, the BCH price is holding these averages, keeping attention fixed on resistance rather than support.
The $600–$630 Zone Decides Bitcoin Cash Price Direction
All of these signals point to the same area. Bitcoin Cash has struggled near $600–$602 for weeks. Every approach toward this zone since mid-January has met with selling. That history makes this range the most important part of the chart.
A sustained hold above $600–$602 would change how traders view the structure. Above that, the next heavy supply zone sits around $630–$634, a level many traders have already highlighted.
If the BCH price can remain above that band, the chart opens toward the $686 area. That distance represents roughly 15% upside from current levels, with fewer resistance zones in between compared to the crowded range below $600.
On the other side, losing short-term averages would weaken the BCH price picture and bring lower levels back into play, including 538 and even $498.