The post Bitcoin Cash Tests $488 Support as Crypto Market Faces Broad Selling Pressure appeared com. Peter Zhang Nov 16, 2025 15: 40 BCH price drops 3. 7% to $487. 90 amid technical weakness, with bears targeting key support levels as broader crypto market declines continue. Quick Take • BCH trading at $487. 90 (down 3. 7% in 24h) • Trading on technical factors in absence of major catalysts • Testing critical support near pivot point of $494. 73 • Following Bitcoin’s bearish momentum across crypto markets Market Events Driving Bitcoin Cash Price Movement No significant news events have emerged in the past 48 hours to drive Bitcoin Cash price action. The BCH price decline appears driven primarily by technical selling pressure and broader cryptocurrency market weakness, with Bitcoin leading the downside momentum that’s affecting most altcoins. The absence of major catalysts has left Bitcoin Cash vulnerable to technical trading patterns, with the digital asset failing to hold above its short-term moving averages. Trading volume on Binance spot market reached $11. 2 million over 24 hours, indicating moderate institutional interest despite the price decline. Market participants appear to be taking profits near resistance levels while testing the resolve of buyers at lower support zones. The current price action suggests traders are positioning for a potential break below the $488 level, which could accelerate selling toward stronger support areas. BCH Technical Analysis: Bearish Momentum Building Price Action Context Bitcoin Cash technical analysis reveals concerning weakness as the BCH price trades below all key short-term moving averages. The asset sits beneath the 7-day SMA at $501. 43, 20-day SMA at $512. 50, and 50-day SMA at $527. 24, creating a bearish technical structure. Notably, BCH remains above the 200-day SMA at $509. 28, providing some longer-term support context. The current positioning within the Bollinger Bands shows BCH at just 25. 9% of the band width, indicating the price is approaching oversold territory. Continue reading Bitcoin Cash Tests $488 Support as Crypto Market Faces Broad Selling Pressure→