BCH Weekly Analysis Feb 18

BCH is maintaining its horizontal consolidation in the $549.50-$570.80 range with a slight weekly decline of 0.27%; holding at the main $546 support preserves upside potential, while BTC’s downtrend requires a cautious strategy for altcoins.

BCH in the Weekly Market Summary

BCH is maintaining its sideways primary trend structure in the big picture. Weekly change limited to -0.27%, trading volume stable at the $189.28M level. Price balanced around $560.60, providing bullish signals above the short-term EMA20 ($548.22), but the overall trend filter remains under bearish pressure from the $660.49 resistance. Market phase shows accumulation characteristics, but increasing BTC dominance may limit the altcoin rally. This week’s BCH Spot Analysis data supports low volatility.

Trend Structure and Market Phases

Long-Term Trend Analysis

The long-term trend structure is defined within a horizontal channel on weekly and monthly charts. In higher timeframes (1W/1M), price is 32% above the $423 low from late 2025, but a bullish reversal is not confirmed without breaking the $660-$670 trend resistance. The MACD histogram shows positive divergence, indicating momentum is slowly strengthening, with RSI at 52.15 in the neutral zone. Market structure suggests the sideways trend remains intact; a break below $546 increases the risk of a long-term downtrend. For portfolio managers, keeping position sizing low in this phase is strategic.

Accumulation/Distribution Analysis

Volume profile analysis highlights accumulation phase characteristics in the $546-$570 band: low-volume tests at support show buyer accumulation, high-volume rejections at $576 signal distribution. According to Wyckoff methodology, we are in the secondary test phase; the spring test succeeded at $549.50, awaiting volume confirmation for markup. Distribution patterns are not yet dominant but could be triggered by a BTC correction. In this context, with the accumulation phase intact, BCH Futures Analysis data keeps the window open for long positions.

Multi-Timeframe Confluence

Daily Chart View

On the daily timeframe, price is maintaining a bullish short-term trend above EMA20. Out of 12 strong levels, 1D shows 3 support/3 resistance confluences: $546.30 (86/100 score) major support, $576.35 (91/100) resistance. RSI neutral, MACD with positive histogram indicating upside bias. Market structure supports accumulation with higher lows; a break above $570 would confirm daily bullishness.

Weekly Chart View

From the weekly perspective, the horizontal channel is defined between $423-$821. 1W shows 4 support/4 resistance confluences, with the $546-$517 support cluster strong. Trend filter bearish ($660 resistance), but volume profile shows accumulation at low levels. Higher timeframe confluence points to continuation of sideways; weekly close critical for breakout.

Critical Decision Points

Main supports: $546.30 (86/100, major confluence), $517.20 (69/100), $423.00 (61/100). Resistances: $576.35 (91/100, breakout target), $669.60 (73/100), $616.83 (60/100). Inflection point at $546: Holding strengthens accumulation, break opens downside risk to $321. Upside objective $822 (score 4), R/R ratio attractive for strategic entries. These levels should be tracked with BCH and other analyses.

Weekly Strategy Recommendation

In Bullish Case

Weekly close above $576.35 triggers the bullish scenario: First target $669.60, extension $822. Long positions on dips at $546-$549, stop below $546. R/R 1:3+, ideal for position traders; strengthens with BTC above $70k confirmation. Partial profit taking recommended on targets.

In Bearish Case

Close below $546.30 turns to bearish structure: Targets $517.20, then $423-$321. Short opportunities on $576 rejection, stop above $576. High risk with BTC downtrend confluence; increase cash positions in altcoins.

Bitcoin Correlation

BCH shows high correlation with BTC (0.85+); BTC in downtrend at $67,579, supertrend bearish. If BTC supports $66,713-$62,910 break, BCH tests $546. Resistances above $70,069-$78k could trigger BCH rally. BTC dominance increase creates altcoin pressure; BCH buys should wait for BTC stabilization.

Conclusion: Key Points for Next Week

Next week, monitor $546 support test and $576 resistance break. BTC correction below $66k strengthens BCH shorts, above $70k signals altcoin rotation. Trend structure sideways intact; await confluence, volatility increase brings position opportunities.