- Bitcoin Cash price rose 6% to above $646 for the first time since December 2024.
- The Fed’s rate cut and the SEC’s regulatory moves boosted investor sentiment.
- Momentum could push BCH toward key resistance levels and potentially the psychological $1,000 mark.
Bitcoin Cash (BCH) climbed more than 6% over the past 24 hours to reach highs of $646, the highest level so far this year and a move that could see bulls set their sights on extending the rally toward $1,000.
As bullish momentum builds across the cryptocurrency market following broader market moves after the Federal Reserve cut interest rates by 25 basis points, Bitcoin Cash appears well positioned to benefit.
Bitcoin Cash price hits year-to-date high amid Fed rate cut
Bitcoin and major altcoins showed resilience after the Federal Reserve’s decision to cut interest rates by 25 basis points on September 17, 2025.
While BTC and top alts did not surge dramatically, the 25 bps cut provided some tailwinds for risk assets, including cryptocurrencies.
The Fed’s first cut of 2025 signals a shift toward a more accommodative monetary stance as policymakers weigh inflation and labor market conditions.
Bitcoin Cash is among the cryptocurrencies that have seen notable price appreciation.
According to CoinMarketCap data, BCH rose more than 6% over 24 hours to reach highs of $646, the highest level since December 2024.
Bitcoin Cash’s low so far this year was $268, and the token has extended its upward move in the wake of the Fed cut, posting a year-to-date gain of about 102%.
BCH outlook: Can bulls reach $1,000?
The BCH advance comes alongside a technical breakout, with bulls adding to gains after a rising-triangle pattern formed on the daily chart. Buyers have also pushed past bears at a key level within a broader wedge formation.
The MACD (Moving Average Convergence Divergence) indicator shows positive divergence, with the histogram expanding above the zero line. At the same time, the Relative Strength Index (RSI) sits around 64, suggesting continued bullish momentum without being overbought.
Bitcoin Cash price chart from TradingView
Given the current momentum and potential tailwinds, bulls may target a move toward the psychological $1,000 milestone.
Beyond technical strength, a convergence of other catalysts is helping the case, including regulatory progress and favorable macroeconomic conditions.
Notably, the U.S. Securities and Exchange Commission has adopted generic listing standards that streamline approvals for spot crypto exchange-traded funds, removing case-by-case reviews. This change affects exchanges such as Nasdaq, NYSE Arca and Cboe BZX and paves the way for faster launches of products that could include those tied to BCH.
ETF optimism, the Fed’s rate cut, and expectations for additional easing in 2025 have all added fuel to bullish sentiment.
Key resistance sits at $634—if that level is broken on strong volume, it could trigger further buying toward $721.
If bulls sustain momentum, the next barrier could be around $800 before the psychological $1,000 target comes into view. On the downside, primary support levels are likely around $592 and $530.