- Bitcoin Cash (BCH) has recovered from $533, regaining bullish momentum above key support levels.
- Whales are driving activity while retail participation remains near multi-year lows.
- A decisive move above $572 could clear the way toward $600 and higher.
Bitcoin Cash (BCH) has climbed back from recent lows, renewing hopes that the cryptocurrency could soon test the $600 level. After dipping to $533.34 on August 26, BCH rose more than 3% within 24 hours. Analysts view the rebound as confirmation of a near-term bottom and an indication that momentum may be shifting in favor of buyers.
Bounce restores confidence
The rapid recovery followed several weeks of consolidation that had curbed enthusiasm for Bitcoin Cash. The uptick suggests buyers are re-entering the market at key price points.
Technical indicators point to renewed strength: a hidden bullish divergence on the daily RSI implies momentum is building beneath the surface. BCH remains inside an ascending channel, and resistance near $572 stands as a critical test. Market observers say an hourly close above that level could validate a breakout and accelerate upside movement.
Retail activity mutes as whales step in
On-chain data indicates that large holders were actively accumulating during the downturn. Whale transactions totaled $482 million on August 7, marking the largest spike since early July. Historically, heavy accumulation by large addresses has often preceded rallies; a similar wave of whale buying preceded a roughly 75% surge in July.
Meanwhile, smaller participants have stayed mostly on the sidelines. Daily active BCH addresses are hovering near six-year lows—about 19,000—reflecting weak organic adoption. This divergence between large and small holders suggests that current moves are driven more by speculation from major players than broad retail demand. Continued whale inflows will be a key factor in whether the momentum persists.
Key resistance and support levels to watch
On the price chart, BCH must hold above $544.23 to preserve its upward bias. A clear break above $569.77 could open the door to $595.84 and potentially $638.56, with Fibonacci targets around $607 and $664 bolstering the bullish case.
Trader Sharky notes that BCH could echo its June performance, when it rallied sharply after Bitcoin. He points to a 74-week trend break retest as evidence of a favorable 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
Other analysts offer caution. AltWolf highlights the formation of a double-top pattern, noting that BCH lost the four-hour 200 EMA and has broken below a multi-month uptrend channel. He argues that the structure looks weakened and that it may be premature to assume a sustained bullish trend.
$BCH Bulls Warning Double top is in
we have lost 4H 200EMA
Losing 4 months + Uptrend Channel
we are having Higher lows now, it will be better not to be Bullish anymore— AltWolf🐺 (@AltwolfCrypto) August 26, 2025
Market analysts caution that if BCH fails to hold the $544.23 support, a drop toward $527.41 could follow, with the possibility of an even deeper slide to the July swing low near $516. Such a move would threaten the broader bullish channel and increase downside risk.