Market Overview for Bitcoin Cash/Tether (BCHUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Tuesday, Jan 13, 2026 11:25 am ET1min read
BCH
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Aime RobotAime Summary

- BCH/USDT formed a bearish engulfing pattern after testing $623.3 resistance, closing at $609.5 with expanded Bollinger Bands.

- Momentum dipped below 50-period MA and MACD turned bearish, while RSI hit oversold levels during the selloff.

- 61.8% Fibonacci support at $611.0 temporarily stabilized prices, but volume remains weak on rebounds above $610.0.

- Market consolidation below $621.1 suggests continued bearish bias, with key support at $606.5–$608.5 at risk if $609.5 breaks.

Summary
• Price formed a bearish engulfing pattern after testing resistance at $623.3 before reversing.
• Momentum dipped below the 50-period moving average, signaling a potential short-term pullback.
• Volatility surged as Bollinger Bands expanded, with price closing near the lower band at $609.5.
• Notional turnover spiked in early morning ET, while volume remained elevated in the downward leg.
• 61.8% Fibonacci retracement level at $611.0 appears to have provided temporary support in late trading.

Bitcoin Cash/Tether (BCHUSDT) opened at $620.9 on 2026-01-12 at 12:00 ET, reached a high of $626.6, and a low of $606.5 before closing at $609.5 at 12:00 ET on 2026-01-13. Total volume was 59,681.36 and turnover was $36,737,755.50 over 24 hours.

Structure & Moving Averages


Price tested the 20-period moving average at $623.3 on the 5-minute chart before reversing sharply lower, suggesting short-term exhaustion. The 50-period line on the 5-minute chart is now acting as a resistance at ~$621.0, with price currently below both 50 and 20-period levels, signaling a potential bearish bias.

Momentum and Oscillators


The RSI on the 5-minute chart dropped into oversold territory during the afternoon ET selloff, though it has since bounced, suggesting possible near-term support at $606.5–$609.0. MACD lines have crossed below the signal line, reflecting a bearish crossover and continued downward momentum.

Bollinger Bands and Volatility


Bollinger Bands expanded significantly during the selloff, with price spending much of the last 48 hours in the lower half of the band. Price closed near the lower band at $609.5, suggesting that a rebound could be in the cards, though without a clear reversal pattern, bearish pressure may persist.

Volume and Turnover


Notional turnover surged during the early morning selloff, particularly between 03:30 and 05:00 ET, with high volume confirming the bearish breakout from $621.1. However, volume on the rally back above $610.0 has been relatively thin, raising questions about conviction behind the rebound.

Fibonacci Retracements


A 61.8% Fibonacci retracement level at $611.0 appeared to provide support in late trading, with price bouncing off that level into the following morning. A break below this level would likely target the next key support at $606.5–$608.5, with the 50% retracement at $613.9 acting as a potential retest level for buyers.

The market appears to be in a consolidative bearish phase following a sharp correction from $626.6. While the Fibonacci support at $611.0 and RSI bounce suggest a potential short-covering rally, the broader trend remains downward with bears in control. A close below $609.5 could trigger further weakness. Investors should be cautious of continued volatility and monitor volume for confirmation of any reversal.