BCH Price Stalls at Pivot Point as Smart Money Remains Net Long
The price of BCH is currently stuck at the pivot point of $253.80, with momentum stalled and buyers hesitant to push forward. The MACD histogram has printed dead zero, indicating a genuine decision point in the market rather than a directional trend.
Despite this, smart money remains net long at 67%, creating tension in the market. The Bollinger Band structure shows that BCH is currently sitting at the band midpoint, with the upper band at $290 representing the ceiling of any aggressive bull run and the lower band at $220 where real technical damage begins.
The moving average stack reveals a more nuanced story, as BCH trades above its short-term SMA7 and 10% above the SMA50 at $229. However, the SMA200 sitting at $333.84 is a constant reminder of how far BCH has fallen from its longer-term mean.