Bitcoin Cash Surges 6.4% as Traders React to Key Support Holding Firm

Bitcoin Cash (BCH) rallied strongly on Friday, reversing earlier losses with a swift V-shaped recovery after testing critical support at $391.66. The move came as traders shrugged off global macro uncertainty and re-entered the market at discounted levels.

The rebound began overnight as buyers stepped in heavily between 01:00 and 04:00, creating a high-volume base that helped stabilize the price. Momentum accelerated midday, with BCH surging past $416.95 during the 13:00 hour — a key breakout point that signaled renewed bullish intent.

The former resistance level at $409.80 has now flipped into support, bolstered by steady consolidation and reduced selling pressure. A developing bull flag pattern hints at the possibility of a continuation move if buyers can hold the $413–$413.50 range.

Despite external pressures — including tense U.S.-China trade dynamics and rising Treasury yields — BCH’s price action suggests strength beneath the surface, as traders respond to clear technical signals rather than macro-driven fear.

With renewed interest and increasing volume on upward moves, Bitcoin Cash is positioning itself as one of the more technically resilient large-cap crypto assets this week.