BCH Drops 5.68% Over 24 Hours as Downward Trend Continues

On November 3, 2025, BCH experienced a 5.68% decline over a 24-hour period, falling to $507.5 and highlighting ongoing downward momentum for the asset. Over the last week, BCH has dropped by 8.86%, representing a notable pullback from its recent peaks. The 30-day trend has also been negative, with a 5.36% loss, though the asset has posted a 16.55% gain over the past year, indicating a mixed performance across different timeframes.

The persistent drop seems largely influenced by technical dynamics, as important support and resistance zones have started to falter. Both traders and algorithmic systems are paying close attention to these critical points, as they often signal potential changes in overall market sentiment. If BCH closes below these significant levels for an extended period, it could prompt further sell-offs, particularly among leveraged traders.

To evaluate BCH’s recent price action, analysts have relied on technical tools such as moving averages and momentum oscillators, which provide insight into the strength and direction of trends. The alignment of short-term and long-term moving averages currently points to a likely continuation of the bearish movement. At present, BCH is trading beneath both its 50-day and 200-day moving averages, a pattern that is typically interpreted as negative within technical analysis frameworks.

The Backtest Hypothesis

To assess the potential for a backtesting approach with BCH, historical price data from January 1, 2022, to November 3, 2025, was examined. The objective was to find instances where the price increased by at least 15% in a single trading day. The review, however, revealed no such occurrences, leaving the backtesting tool without any qualifying events to analyze for post-event performance.

This finding suggests that single-day price jumps of 15% or more are rare in BCH’s trading history. For researchers and algorithm developers, this implies that strategies based on such large single-day moves may not be suitable for this asset. To enhance the practicality of backtesting, it is common to lower the trigger threshold to more moderate daily gains (such as +8% or +10%) or to consider cumulative increases over several days (for example, +15% across three sessions).