BCH Edges 1% Higher, Eyeing a Potential Shift from Its Prolonged Downtrend

Bitcoin Cash Rises 1% as Trading Volume Surges, Eyes Breakout Above Resistance

28/10/2025

Bitcoin Cash (BCH) posted modest gains over the past 24 hours, rising just over 1% as trading activity picked up sharply, signaling renewed interest from market participants.

The Bitcoin offshoot advanced from $561 to $564, approaching a descending trendline connecting October’s high with September’s peak. A confirmed breakout above this resistance could reinforce BCH’s $100 rebound since the October 17 sell-off, suggesting the early stages of a potential short-term trend reversal.

Trading volumes climbed 45.8% above the 30-day average, highlighting growing engagement despite subdued price movement. However, BCH faced resistance between $570 and $571, where sellers continued to cap upside momentum even as accumulation patterns strengthened.

Market Highlights

• Volatility: BCH traded within a $19.75 range, equal to 3.5% daily volatility.
• Volume Surge: Trading peaked at 86,909 BCH around 14:00 UTC, 158% above the average session level.
• Price Rejection: The token hit highs near $570.88 before meeting resistance at the upper boundary.

Market Outlook

The combination of elevated volume and narrow price movement points to ongoing accumulation below resistance — a sign that investors may be preparing for a potential breakout. Still, the $570–$571 zone remains a strong supply region that could continue to limit near-term upside.

For a clear breakout, BCH will likely need sustained buying strength or broader market momentum led by Bitcoin.

Technical Overview

• Support: Firm at $551–$555.
• Resistance: Holding at $570–$571.
• Structure: Range-bound pattern with a $19.75 (3.5%) span, supported by higher lows between $562.20–$563.49 on hourly charts.

BCH may look to retest the $565–$570 resistance area in the near term, with buying activity expected to intensify during the European session, reinforcing the constructive base forming from overnight consolidation.