WikiBit 2026-02-28 03:13Bitcoin Cash price has recently dipped, triggering concerns of a broader bearish reversal. BCH slipped lower alongside the wider crypto market, testing
Bitcoin Cash price has recently dipped, triggering concerns of a broader bearish reversal. BCH slipped lower alongside the wider crypto market, testing short-term support zones. However, a broader macro view suggests the pullback may resemble a previous consolidation phase.
Historical patterns show similar volatility between October and November 2025. At that time, Bitcoin Cash formed a compression structure before staging a 28% rally. Current price behavior, combined with accumulation trends, indicates a comparable setup may be forming again.
Bitcoin Cash Holders Stick To Buying
On-chain data shows steady accumulation among mid-sized holders. Over the past 20 days, addresses holding between 100 and 1,000 BCH accumulated approximately 60,000 BCH. At current prices, this equates to roughly $28.6 million in value.
These holders represent non-whale participants who often signal organic demand. Their accumulation during recent price weakness reflects resilience. Unlike speculative traders, this group tends to build positions gradually. Sustained buying from this cohort can provide structural support beneath the Bitcoin Cash price.
Bitcoin Holder Accumulation. Source: Santiment
The MVRV Long/Short Difference metric adds further insight. The indicator currently sits in positive territory. Positive readings signal that long-term holders are more profitable than short-term holders.
This dynamic benefits Bitcoin Cashs stability. Short-term holders often sell quickly at modest gains. Long-term holders typically retain positions during volatility. Their dominance can reduce immediate selling pressure and strengthen the foundation for a potential recovery phase.
Bitcoin MVRV Long/Short Difference. Source: SantimentBCH Price Is Copying Its Past
Bitcoin Cash is trading at $478 at the time of writing, consolidating within an asymmetrical triangle pattern. A similar structure formed between October and November 2025 before a significant rally. That breakout produced a 28% price increase after prolonged compression.
For BCH to replicate that move, the $479 support must hold. The 15% decline this week has strengthened the triangle pattern. A confirmed breakout above $540 would signal renewed bullish momentum. Such a move could mirror the previous rally setup.
BCH Price Analysis. Source: TradingView
However, downside risk remains present. If sudden selling emerges, BCH could decline toward $458 support. Losing that level would weaken the bullish case. A sustained breakdown could push Bitcoin Cash toward $423, invalidating the recovery thesis and reinforcing bearish momentum.
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