Bitcoin Cash (BCH) may tumble toward the $100 mark, according to fresh on‑chain analysis, even after posting a strong rally earlier this year.
On‑Chain Signal Highlights Potential Bottom
The Aloha on‑chain indicator, which has historically identified price peaks and troughs, still shows that BCH has not yet reached either the top or bottom target. Alphractal’s current data positions BCH midway between those thresholds, and senior analyst Joao Wedson says a further decline would not be surprising.
Should the price break lower, the signal projects a floor around $100—a level that typically represents the asset’s bottom and corresponds to roughly a 50 % drop from its present trading range. Wedson cautions that no market can guarantee outcomes, emphasizing the inherent uncertainty of price movements.
Market Sentiment and Whale Positioning
CryptoQuant reports a near‑neutral stance across BCH’s spot and perpetual contracts, yet two key metrics flag an escalating bearish risk. The average size of whale orders indicates that large holders are still active, but their positioning leans short, suggesting investors may be preparing for a pullback.