Bitcoin Cash (BCH) declines 1.6% on October 25, 2026, below its moving averages

On October 25, 2026, Bitcoin Cash (BCH), a Bitcoin fork focused on payments, closed at 272.71 dollars, down 1.6% for the day. This decline, which occurred without an identifiable catalyst and with reduced trading volume, highlights a technical fragility that could weigh on the perception of Bitcoin's competing assets in the low-cost transaction segment. Context Bitcoin Cash (BCH) was born in August 2017 from a hard fork of Bitcoin, aiming to increase block size to speed up transactions and reduce fees. In October 2026, the project is managed by three development teams: Bitcoin ABC, Bitcoin Unlimited, and Bitprim. The token, registered under the European MiCA regime, benefits from a clear regulatory framework within the European Union, an asset for institutional investors. On a technical level, BCH has been evolving for several weeks below its key moving averages (20, 50, and 200 days), a signal traditionally interpreted as bearish. The cryptocurrency market is going through a consolidation phase, with a Crypto Fear & Greed index at 54/100 (neutral) on October 25. Bitcoin (BTC), the sector benchmark, shows a slight decrease of 0.21% over 24 hours, while Ethereum (ETH) declines by 1.52%. The Facts According to data from DiarioBitcoin and CryptoScore Pro as of October 25, 2026, here are the key elements: The closing price of BCH stands at 272.71 dollars , down 1.60% for the day. The price fluctuated between an intraday high of 277.36 dollars and a low of 270.65 dollars. The trading volume amounts to 123.5 million dollars , which is 38.47% below the average of the last 30 days (approximately 200.7 million dollars), according to DiarioBitcoin . CryptoScore Pro reports a volume of 4.25 billion dollars, a divergence attributable to distinct calculation methodologies. The market capitalization reaches 5.49 billion dollars , with a total value locked (TVL) of 5.29 billion dollars ( CryptoScore Pro data). The number of addresses holding BCH amounts to 25.7 million , of which the top 10% concentrate 16.3% of the circulating supply. Several technical indicators confirm the bearish pressure: The price is trading below its simple moving averages (SMA) at 5, 10, 20, 50, and 200 days, with respective levels of 278.33, 278.75, 280.26, 278.92, and 289.42 dollars. The 14-day relative strength index (RSI) stands at 44.3 , below the neutral threshold of 50, although it does not indicate marked overselling. The MACD shows a bearish configuration, with a line at -2.59, a signal line at -1.54, and a histogram at -1.05. No external catalysts – regulatory, technical, or macroeconomic – have been identified to explain this movement. Data on institutional flows, position liquidations on derivatives markets, or on-chain metrics (such as the number of transactions or active addresses) are not available. Furthermore, the total supply and circulating supply of BCH are not specified in the consulted sources. Understanding Key Concepts Hard Fork A hard fork is a major modification to a blockchain protocol that makes new versions incompatible with old ones. In the case of Bitcoin Cash, this fork was initiated to increase the block size from 1 MB to 8 MB (then 32 MB), allowing more transactions to be processed per second. Unlike a standard software fork, a hard fork creates a new distinct cryptocurrency, with its own blockchain and its own token. For example, Bitcoin holders at the time of the 2017 fork received an equivalent amount of BCH. Moving Averages (MA) Moving averages are technical indicators used to smooth price fluctuations and identify trends. A simple moving average (SMA) calculates the average price over a given period (for example, 20, 50, or 200 days). When an asset's price moves below its SMA, it can signal a bearish trend. For example, if BCH falls below its 200-day SMA, traders often see this as a sign of structural weakness. These tools are widely used to confirm buy or sell signals, although they do not predict future movements on their own. Trading Volume and Liquidity Trading volume represents the total amount of transactions carried out on an asset during a given period. High volume indicates strong investor participation and increased liquidity, facilitating buying and selling without a significant impact on the price. Conversely, low volume, such as that observed for BCH on October 25, can amplify volatility and make price movements more erratic. For example, a volume 38.47% lower than the monthly average suggests that few actors participated in the decline, limiting the scope of the pullback. Total Value Locked (TVL) Total Value Locked (TVL) measures the sum of assets deposited in a blockchain's protocols, particularly for decentralized finance (DeFi) services. For Bitcoin Cash, whose primary use remains payments, TVL more reflects the adoption of applications built on its network. A high TVL can indicate confidence in the ecosystem, but it should not be confused with market capitalization, which evaluates the total value of tokens in circulation. For example, a TVL of 5.29 billion dollars for BCH suggests limited use of DeFi services compared to blockchains like Ethereum. Analysis: what is at stake The movement observed on October 25, 2026, is primarily explained by a short-term demand deficit. According to the source data, the day's volume is 38.47% lower than its 30-day average, meaning few buyers emerged to absorb the sales. In a shallow market, a moderate decline can thus occur without any external shock being necessary. The fact that the price is moving below short- and medium-term moving averages reinforces this technical observation, without establishing the cause. For investors, the reading is contrasting. The 90-day return remains positive at 28.01%, while the 30-day decline reaches 19.10% and the performance since January is -54.14%. This divergence suggests a quarterly rebound followed by a recent deterioration, rather than a long-term trend break. The volume/market cap ratio, at…