BCH Drops 1.9% on November 4 as Weekly and Monthly Declines Worsen

On November 4, 2025,

(BCH) experienced a 1.9% decrease over the previous 24 hours, closing at $500.2. In the last week, BCH has fallen by 8.3%, and over the past month, it has slipped another 7.25%. Despite these short-term losses, the cryptocurrency has gained 14.22% over the last year, demonstrating its ability to withstand turbulent market conditions.

This recent decline comes after a period marked by conflicting signals from major technical indicators. The 200-day moving average remains higher than the current price, which could indicate a longer-term bullish outlook. Meanwhile, the RSI has dropped into oversold territory, suggesting a short-term bounce might be possible. However, the MACD histogram’s bearish divergence points to ongoing downward pressure. Experts anticipate that BCH will continue to consolidate in the near future as the market responds to broader economic trends and industry-specific news.

Throughout the past month, BCH has fluctuated within a set range between $470 and $530, with support levels being tested several times but not decisively broken. The absence of a strong bullish driver has resulted in sideways movement, with traders remaining cautious as they await potential macroeconomic developments. The 14.22% annual increase stands out against the recent declines, indicating that although the short-term perspective is negative, long-term holders still have faith in the asset’s underlying value and practical use.

Backtest Hypothesis

From a technical analysis perspective, BCH’s price action over the last year has shown few sharp volatility spikes that could be used as triggers for event-driven trading strategies. An initial backtest was conducted to find every trading day since January 1, 2022, when BCH climbed by 15% or more. However, the historical data revealed no such days, causing the backtest engine to return an internal error due to the absence of qualifying events. This result underscores the difficulties of applying event-based models to assets with relatively stable price movements.

To overcome this, analysts recommend several adjustments. One suggestion is to lower the “jump” threshold from 15% to more attainable levels, such as 10%, 8%, or even 5%. This would increase the number of events and enable the backtest to produce more useful insights. Alternatively, the trigger could be based on other indicators, like earnings reports or notable volume increases, which might better reflect BCH’s actual trading patterns.