Bitcoin Cash Price Prediction: Ascending Channel Holds As BCH Tests 50 EMA Support

• Bitcoin Cash holds at $589.35, testing the 50-day EMA at $593 after failing to sustain gains above $680 earlier this month.
• The ascending channel from 2025 remains intact with trendline support converging near the 100-day EMA at $573.
• Spot inflows of $511,990 suggest mild accumulation as price consolidates above key moving averages.

Bitcoin Cash price today trades near $589.35 as sellers press the 50-day EMA after a 13% pullback from the January 11 high at $680. The decline has brought price back to a critical support zone where the ascending channel trendline meets the EMA cluster.

Ascending Channel Structure Remains Intact

The daily chart shows BCH trading inside an ascending channel that has guided price since the May 2025 lows near $280. The pattern has produced a series of higher lows, with each correction finding s…

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