- Bitcoin Cash (BCH) price bounced up from $533, recovering above a key support level
- Whales are driving activity as retail participation remains near multi-year lows
- A break above $572 could open the way toward $600 and beyond
Bitcoin Cash (BCH) has recovered from recent lows, renewing optimism that the cryptocurrency could test the $600 level in the near term.
After falling to $533.34 on August 26, BCH climbed more than 3% in 24 hours — a move analysts say confirms a near-term bottom and signals that momentum may be shifting back toward a bullish market.
Recovery Restores Confidence
The sharp rebound came after weeks of consolidation that had dampened enthusiasm for Bitcoin Cash.
The quick recovery suggests buyers are re-entering at key levels.
Technical indicators point to renewed strength, with a hidden bullish divergence appearing on the daily RSI, indicating accumulation beneath the surface.
BCH remains trading inside a modest uptrend channel, although resistance near $572 remains an important test.
Market analysis shows an hourly close above that resistance could confirm a breakout and accelerate the upside move.
Retail Activity Quiet as Whales Accumulate
On-chain data shows whales have been actively accumulating during the downturn, including whale transactions totaling $482 million on August 7 — the highest spike since early July.
Large holders typically move before rallies, and similar waves of activity preceded the 75% surge in July.
However, activity among smaller players remains weak.
Daily active BCH addresses are hovering near six-year lows at roughly 19,000, underscoring weak organic adoption.
That divergence suggests speculation, not retail demand, is driving the current movement.
Sustained inflows from whales will be a key factor in determining whether momentum can continue.
Key Support and Resistance Levels to Watch
On the price chart, BCH needs to hold above $544.23 to maintain a bullish bias.
Additionally, a break above $569.77 could pave the way toward $595.84 and even $638.56, with Fibonacci targets at $607 and $664 strengthening the bullish case.
Popular trader Sharky believes BCH could mirror its June spike, when it surged shortly after Bitcoin, and says a retest of a 74-week trend-break setup looks like a long opportunity.
In June 23 $BCH Exploded right after $BTC I would not be surprised if becomes the protagonist again in coming weeks
74 Week trend break retest looks like something you may want to size long rn pic.twitter.com/zRLsVC4r5H
— Sharky (@SharkyCT) August 26, 2025
Another crypto analyst, AltWolf, highlighted a possible double-top formation, noting BCH lost the 4-hour 200 EMA and broke below a multi-month uptrend channel.
He argued it might be premature to call a sustained uptrend given the weaker structure.
$BCH Bulls Warning Double top is in
we have lost 4H 200EMA
Loosing 4 months + Uptrend Channel
we are having Higher lows now , it will be better not to be Bullish anymore #BCH #BCHUSDT #Bitcoincash pic.twitter.com/bDp1PHHAXN— AltWolf🐺 (@AltwolfCrypto) August 26, 2025
Analysts at CoinLore warn that losing the $544.23 support could trigger a pullback to $527.41, with the possibility of a deeper decline toward July’s low near $516 — a scenario that would threaten the broader uptrend channel.