Bitcoin Cash (BCH)
rose 3.15% in the past 24 hours to $480.10, climbing sharply from a session low near $454 after buyers stepped in to reverse early weakness, according to CoinDesk Research’s technical analysis model.
While much of the crypto market struggled under pressure from global economic tensions and declining Bitcoin prices, BCH broke out to the upside late in the session as volume surged and short-term resistance levels gave way.
The move came amid a 21.98% increase in 24-hour trading volume versus the 30-day average, confirming a shift in participation and signaling that traders were positioning into strength. Key buying activity occurred throughout the U.S. morning hours, with multiple volume spikes between 08:00 and 12:20 UTC. The final push above $468 was fueled by aggressive buying in the last hour of the analysis window.
Despite broader headwinds — including a 3.5% decline in total crypto market capitalization and escalating U.S.-China trade tensions — BCHstood out for its relative resilience. The coin reclaimed levels lost earlier this week and ended near the day’s high, with a clear pattern of higher lows and sustained accumulation at each breakout. While short-term volatility may continue, BCH enters the next session with visible momentum and fresh support.
Technical Analysis Highlights
- BCH traded in a 24-hour range between $454.16 and $469.06, a 3.26% swing.
- The day began with a drop to $454 on above-average volume (41K), but a rebound formed a base at $455–$458.
- Volume spikes during 08:00–10:00 signaled increasing buyer interest, helping lift price toward the $468 resistance level.
- The final hour saw a breakout from $462.75 to $468.77 (+1.3%), followed by strong continuation to $480.10.
- Notable buy-side volume hit at 11:27 (1,314 units), 12:15 (718 units), and 12:20–12:21 (3,600+ units total), confirming demand.
- An uptrend formed with higher highs and higher lows, strengthened by sustained volume into the close.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
