Image of BCHG
BCHGGrayscale Bitcoin Cash Trust
$2.19
1.91%
1D

Grayscale Bitcoin Cash Trust Analysis

Investment Score
A quick view into Grayscale Bitcoin Cash Trust's investment prospects.
8.3

Trend and momentum are aligned, and the current chart still offers a constructive buy setup.

What is helping
  • MACD is confirming the current directional bias.
  • The current level still offers a favorable reward-to-risk profile.
Main risks
  • Price is trading below the Ichimoku base line, which suggests the broader structure is weakening.
  • Stoch RSI is near the upper end of its range, which suggests short-term momentum may be overheated.
Market State Summary
Current regime
Bull Quiet
Confidence: 71%
Why this state?
  • BCHG is above SMA50
  • SMA50 is above SMA200
  • SMA50 slope is positive over the last 10 days
  • 30-day return is negative
  • ATR volatility is below the 60th percentile of its trailing 180-day history
Suggested strategy

In the current Bull Quiet regime, the best-fit approach is Trend following / buy dips. Trend conditions are constructive and volatility is contained, which usually favors following the move higher and looking for pullbacks instead of fading strength.

Trend
Bullish
BCHG is trading above key moving averages and the medium-term trend is still rising.
Momentum
Neutral
RSI is 53.31, which is neither overbought nor oversold.
Volatility
Quiet
BCHG ATR volatility is below the 60th percentile of its trailing 180-day history.
Key Levels
Resistance zone
$2.67 - $2.76
Active zone
$2.10 - $2.31
Support zone
$1.96 - $2.09
Chart Patterns
SMA50
SMA100
SMA200
RSI
Neutral
MACD
Bullish
ATR%
Quiet
Volume
Average
Support & Resistance

Grayscale Bitcoin Cash Trust support and resistance levels highlight key price zones where buyers and sellers are most active. This section helps identify likely breakout areas, pullback support, overhead resistance, and the current trading range so you can evaluate trend continuation, reversal risk, and near-term crypto price direction.

Support zone
$1.96 - $2.09
Resistance zone
$2.67 - $2.76
Active zone
$2.10 - $2.31
Levels Table
LevelZoneStrength
Support 1$1.96 - $2.09
Support 2$1.77 - $1.89
Support 3$1.60 - $1.75
Support 4$1.36 - $1.57
Resistance 1$2.67 - $2.76
Resistance 2$2.80 - $2.96
Resistance 3$2.99 - $3.17
Resistance 4$3.29 - $3.38
Active 1$2.10 - $2.31
Scenario Analysis
Bullish scenario

BCHG clears the resistance zone at $2.67 - $2.76 and holds above it. That would strengthen the breakout case and shift attention to $2.80 - $2.96.

Bearish scenario

BCHG loses the support zone at $1.96 - $2.09. That would weaken the setup and open the way toward $1.77 - $1.89.

Neutral scenario

BCHG continues trading between $2.09 and $2.67. In that case, range-trading conditions remain active.

Technical Indicators

Technical indicators help summarize trend, momentum, volatility, and key price levels. They should not be used in isolation, but they can help identify whether a coin is trending, ranging, overextended, or approaching an important support or resistance level.

IndicatorValueSignalInterpretation
SMA50
$2.16
Bullish
BCHG is trading above the 50-day average.
SMA200
$2.09
Bullish
BCHG remains above the long-term trend line.
EMA50
$2.12
Bullish
BCHG is holding above the 50-day exponential average, which supports the recent trend.
EMA200
$2.26
Bearish
BCHG is below the 200-day exponential average, which keeps the longer-term structure under pressure.
RSI (14)
53.31
Neutral
RSI (14) is at 53.31, which keeps momentum in a balanced range.
Stoch RSI (14)
100.00
Overbought
Stoch RSI (14) is high at 100.00, which shows momentum is pressing near its recent upper extreme.
MACD
-0.002197
Bullish
MACD is above its signal line.
ATR
3.38%
Quiet
Volatility is below its 180-day median.
VWMA
$2.14
Bullish
Price is above the volume-weighted average.
Commodity Channel Index (20)
118.35
Bullish
CCI (20) is strong at 118.35, which shows price is trading well above its recent average.
Awesome Oscillator (5, 34)
$-0.06077
Bearish
Awesome Oscillator is below zero at $-0.06077, which supports bearish momentum.
Williams Percent Range (14)
-27.50
Neutral
Williams Percent Range (14) is at -27.50, which keeps price in the middle of its recent range.
Bull Bear Power (13)
$0.01805
Bullish
Bull Bear Power (13) is positive at $0.01805, which suggests buyers are controlling price relative to the EMA baseline.
Ultimate Oscillator (7, 14, 28)
52.88
Neutral
Ultimate Oscillator is at 52.88, which suggests momentum is balanced across its short, medium, and long windows.
Hull Moving Average (9)
$2.17
Bullish
BCHG is trading above the Hull Moving Average (9), which supports the near-term trend.
Ichimoku Cloud B/L (9, 26, 52, 26)
$2.21
Bearish
BCHG is trading below the Ichimoku base line, which points to weaker structure.
Assets Similar to Grayscale Bitcoin Cash Trust

Over the past 7 days, Grayscale Bitcoin Cash Trust price was most positively correlated with the price of Plasma (XPL), Floki Inu (FLOKI), Pepe Coin (PEPE), LEO Token (LEO) and LayerZero (ZRO) and most negatively correlated with the price of Quant (QNT), Aster (ASTER), Ethena (ENA), Pyth Network (PYTH) and Monad (MON).

Positively Correlated Currencies
NameCorrelation
Image of PlasmaPlasma0.385
Image of Floki InuFloki Inu0.382
Image of Pepe CoinPepe Coin0.362
Image of LEO TokenLEO Token0.297
Image of LayerZeroLayerZero0.281
Negatively Correlated Currencies
NameCorrelation
Image of QuantQuant-0.449
Image of AsterAster-0.326
Image of EthenaEthena-0.318
Image of Pyth NetworkPyth Network-0.316
Image of MonadMonad-0.294

Grayscale Bitcoin Cash Trust price is negatively correlated with the top 10 coins by market cap with a price of -0.078, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.038. Currencies that are positively correlated with Grayscale Bitcoin Cash Trust indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Grayscale Bitcoin Cash Trust, a move in one direction for Grayscale Bitcoin Cash Trust would translate into a move in the opposite direction for the negatively correlated coin.

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