- Bitcoin Cash (BCH) price has bounced back from USD 533, regaining bullish momentum above key supports.
- Whales are driving activity while retail participation remains near multi-year lows.
- A break above USD 572 could open the way toward USD 600 and higher.
Bitcoin Cash (BCH) has recovered from recent lows, renewing optimism that the cryptocurrency could soon test the $600 level.
After dropping to $533.34 on August 26, BCH climbed more than 3% in 24 hours, a move analysts say confirms a short-term bottom and suggests bullish momentum may be returning.
The rebound restores confidence
The swift recovery followed weeks of consolidation that had dampened enthusiasm around Bitcoin Cash.
The strong bounce suggests buyers are stepping in again at key levels.
Technical signals point to renewed strength: a hidden bullish divergence on the daily RSI indicates momentum building beneath the surface.
BCH remains inside an upward channel, though resistance around $572 remains a crucial test.
Market analysts say an hourly close above that barrier could confirm a breakout and accelerate further gains.
Retail activity quiets as whales step in
On-chain data shows whales were accumulating during the downturn, with whale transactions totaling $482 million on August 7 — the largest rise since early July.
Large holders often move ahead of rallies, and a similar wave of activity preceded a 75% surge in July.
Conversely, activity among smaller participants remains muted.
Daily active BCH addresses are hovering near six-year lows at roughly 19,000, underscoring weak organic adoption.
This divergence suggests current moves are driven more by speculation than by retail demand.
Sustained whale inflows will be critical to determining whether the momentum can continue.
Key resistance and support levels in focus
Looking at BCH’s price chart, the cryptocurrency needs to stay above $544.23 to preserve its bullish bias.
Moreover, a break above $569.77 could clear the way toward $595.84 and even $638.56, with Fibonacci targets at $607 and $664 adding weight to the bullish case.
Sharky, a widely followed trader, notes BCH may mirror its June rally when it rallied shortly after Bitcoin.
He highlights a retest of a 74-week trend break that, in his view, points to a strong long-term setup.
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
— Sharky (@SharkyCT) August 26, 2025
Another analyst, AltWolf, points to a double-top formation, noting that Bitcoin Cash has lost the 200-period EMA on the 4-hour chart and broke below a multi-month uptrend channel.
He argues it may be premature to remain bullish given the weakened 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— AltWolf🐺 (@AltwolfCrypto) August 26, 2025
Analysts warn that losing the $544.23 support could trigger a retracement toward $527.41, with the risk of a deeper decline that could test July’s low of $516 and threaten the broader uptrend channel.