Bitcoin Cash ($BCH) Crypto Forecast: Down 5.4% Today

What is Bitcoin Cash?

Bitcoin Cash (BCH) is a popular cryptocurrency known for its scalability and low transaction fees. Today, the market experienced a significant bearish movement.

Why is Bitcoin Cash going down?

BCH crypto is down 5.4% on Feb 18, 2025 14:42

• The bearish movement in BCH could be attributed to the oversaturation of information promoting unrealistic earnings through mining Dogecoin and Bitcoin using a BCH miner, potentially leading to a loss of confidence in the cryptocurrency.
• Investors might have reacted negatively to the repetitive nature of such information, questioning the credibility and legitimacy of such claims, causing a sell-off in BCH.
• The focus on quick and unrealistic gains in the cryptocurrency market through unconventional methods could have overshadowed BCH's actual technological advancements and real-world applications, contributing to the bearish trend.

BCH Price Chart

BCH Technical Analysis

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Explore Dogecoin and Bitcoin and Earn $35,000 a Day Using BCH Miner

Explore Dogecoin and Bitcoin and Earn $35,000 a Day Using BCH Miner

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Bitcoin Cash Price History

04.01.2025 - BCH Crypto was down 5.3%

• BCH had a bearish movement today amidst a general decline in a cryptocurrency index, reflecting mixed asset performance in the market.
• Speculations surrounding a Litecoin spot ETF approval boosted Litecoin, Bitcoin Cash, and Monero within the Proof-of-Work sector, but BCH did not sustain the gains.
• The promise of high daily profits from BCH cloud mining contracts may have led to increased selling pressure on the token, contributing to its bearish movement.
• Despite the positive sentiment in the PoW sector, BCH failed to capitalize on the momentum, indicating a divergence in investor interest and market sentiment towards the token.

29.00.2025 - BCH Crypto was down 5.1%

• Market: Cryptocurrency
• BCH experienced a strong bearish movement today.
• Roger Ver, an early Bitcoin adopter, sought President Trump's intervention to prevent his extradition after tax evasion charges.
• Kraken co-founder Jesse Powell also called for Trump's intervention in Ver's case.
• The CoinDesk 20 Index also saw a significant decline.
• Combined
• The bearish movement in BCH could be attributed to the negative sentiment surrounding Roger Ver's tax evasion charges and the uncertainty created by his plea for President Trump's help. The calls for intervention by influential figures like Jesse Powell may have added to the market's unease, leading to a broader decline in the cryptocurrency sector as reflected in the CoinDesk 20 Index. Investors might be cautious due to the potential legal implications and regulatory scrutiny surrounding key figures in the industry, impacting the overall market sentiment and BCH's price negatively.

23.00.2025 - BCH Crypto was down 5.1%

• The bearish movement in BCH today could be attributed to profit-taking by investors after a recent surge in its price.
• Elon Musk's exploration of a pardon for Roger Ver, a prominent figure in the cryptocurrency community, might have caused some uncertainty and speculation among BCH investors.
• The introduction of "Trump Coin" on the Robinhood exchange could have diverted some attention and investment away from BCH, impacting its price negatively.
• Overall, the combination of profit-taking, regulatory uncertainties, and new market entrants like "Trump Coin" likely contributed to the bearish movement in BCH today.

15.00.2025 - BCH Crypto was up 5.6%

• The bullish movement of BCH today can be attributed to the positive sentiment surrounding Bitcoin forks, including BCH and BSV, as they are expected to propel amidst Bitcoin's consolidation.
• The potential return of 120,000 Bitcoin seized from a 2016 hack by the US government to Bitfinex could have also boosted confidence in the cryptocurrency market, including BCH.
• Additionally, the delay in the SEC's decision on the Bitwise 10 Crypto ETF might have led investors to turn to individual cryptocurrencies like BCH, contributing to its bullish movement.
• Traders might be closely monitoring the $365 support level for BCH, which could have sparked increased buying interest and driven the price higher.

18.01.2025 - BCH Crypto was down 5.4%

• The bearish movement in BCH could be attributed to the oversaturation of information promoting unrealistic earnings through mining Dogecoin and Bitcoin using a BCH miner, potentially leading to a loss of confidence in the cryptocurrency.
• Investors might have reacted negatively to the repetitive nature of such information, questioning the credibility and legitimacy of such claims, causing a sell-off in BCH.
• The focus on quick and unrealistic gains in the cryptocurrency market through unconventional methods could have overshadowed BCH's actual technological advancements and real-world applications, contributing to the bearish trend.

06.01.2025 - BCH Crypto was down 5.4%

• Despite positive developments for Bitcoin Cash, such as the potential for a major rally and promises of daily profits from mining contracts, the token faced a bearish movement.
• Speculations surrounding Litecoin's ETF approval potentially boosting the Proof-of-Work sector could have shifted focus away from Bitcoin Cash, resulting in a decline in its value.
• Market sentiment towards Bitcoin Cash appears to have been overshadowed by the enthusiasm for other cryptocurrencies like Stellar and Litecoin, leading to a price drop for BCH.
• Although the long-term outlook for Bitcoin Cash is promising, short-term market fluctuations and external influences have played a role in today's bearish movement.

01.01.2025 - BCH Crypto was down 5.3%

• The bearish movement in BCH today could be attributed to the overall decline in the CoinDesk 20 Index, indicating a mixed performance in the cryptocurrency market.
• The news of BCH miner Bitcoin cloud mining contracts promising daily profits up to $9,999 may have led to increased selling pressure on BCH as investors may have been skeptical about the legitimacy of such promises.
• The involvement of early Bitcoin adopter Roger Ver in tax evasion charges and his plea to President Trump for intervention could have created negative sentiment around BCH, impacting its price negatively.
• The speculations around Litecoin spot ETF approval lifting coins within the Proof-of-Work sector may have diverted investor attention away from BCH, contributing to its bearish movement.

30.00.2025 - BCH Crypto was up 6.2%

• The bullish movement of BCH today could be attributed to the promising daily profits of up to $9,999 from BCH mining contracts.
• The plea from early Bitcoin adopter Roger Ver to President Trump to save him from extradition due to tax evasion charges might have stirred up some sentiment in the BCH community, leading to increased interest and investment in the token.
• The call for Trump's intervention in Roger Ver's case by Kraken co-founder Jesse Powell could have added a layer of uncertainty and speculation in the BCH market, potentially driving up prices as traders react to the news.
• Despite the decline in the CoinDesk 20 Index, BCH managed to buck the trend and exhibit a bullish movement, showcasing its resilience and independent market behavior.

28.00.2025 - BCH Crypto was up 5.0%

• BCH demonstrated a notable surge in value today, possibly influenced by positive market sentiment and growing investor attention towards cryptocurrencies.
• The consideration of a potential pardon for Roger Ver by Elon Musk, a prominent figure in the crypto sphere, could have contributed to an optimistic market outlook, which may also benefit BCH.
• Despite a notable decrease in the CoinDesk 20 Index, BCH defied this trend, suggesting that specific factors are impacting its price movement independently from broader market shifts.
• The confluence of favorable market conditions along with distinctive catalysts likely played a role in driving BCH's strong performance today.

20.00.2025 - BCH Crypto was down 5.2%

• The bearish movement in BCH could be attributed to the general negative sentiment in the cryptocurrency market stemming from regulatory uncertainties and exchange-related developments.
• Speculation around the US government planning to return seized Bitcoin to Bitfinex could have prompted some investors to shift focus to Bitcoin, resulting in a sell-off in BCH.
• The delay in the SEC's decision on the Bitwise 10 Crypto ETF might have contributed to market uncertainty, leading investors to sell off their BCH holdings cautiously.
• The introduction of Trump Coin on the Robinhood Exchange could have drawn attention and trading volume away from BCH, possibly influencing its bearish movement.

30.00.2025 - BCH Crypto was up 5.2%

• BCH saw a strong bullish movement likely due to the support from high-profile figures in the industry and potential political involvement, boosting investor confidence.
• The decline in the CoinDesk 20 Index did not significantly impact BCH, indicating that specific news and developments related to BCH were the primary drivers of its bullish movement.
• Positive sentiment around BCH, driven by political intervention in a prominent figure's tax evasion case, led to increased buying interest and price growth.
• BCH's contrasting performance against the overall market highlights the potential impact of specific events and endorsements on individual cryptocurrencies.

07.01.2025 - BCH Crypto was up 5.2%

• BCH experienced a strong bullish movement today.
• Positive sentiment and momentum surrounding BCH:
• BCH Miner offering free cloud mining and passive income could have attracted more investors to BCH.
• The mention of Bitcoin Cash eyeing a major rally in the short term indicates growing optimism in the market.
• Speculations around Litecoin spot ETF approval benefiting coins within the Proof-of-Work sector could have indirectly boosted BCH as well.
• Overall, the combination of positive news and market sentiment likely contributed to the bullish movement in Bitcoin Cash today.