$BCH Oversold on Daily — Is This the Dip Everyone’s Waiting For?

BCH 1D Chart Update: On the daily timeframe, we can see a harmonic pattern potentially forming. If price manages to hold the green support zone, we could see a bounce from this area. However, the overall trend is still bearish, so confirmation is important before expecting a strong upside move.

BCH recently experienced a major breakdown from the 520 zone and is now sitting near a previous daily demand area. This level could act as short-term support if buyers step in. So far, price is reacting around this region, but it has not yet confirmed a clear trend reversal.

The RSI is hovering around 30–35, which means the market is approaching oversold conditions. We also saw a large volume spike during the selloff, which could signal early signs of capitulation. If buying pressure increases from here, a relief bounce is possible. but the broader downtrend is still in play 🔥💸