- The price of Bitcoin Cash (BCH) has rebounded from $533, regaining upward momentum above key support levels.
- Whales are driving activity while retail participation remains near multi-year lows.
- A break above $572 could clear the way toward $600 and beyond.
Bitcoin Cash (BCH) has bounced back from recent lows, renewing optimism that the cryptocurrency could soon test the $600 level.
After falling to $533.34 on August 26, BCH recovered more than 3% within 24 hours. Analysts say this move confirms a short-term bottom and suggests momentum may be shifting back in favor of the bulls.
Bounce restores confidence
The swift rebound follows weeks of consolidation that had dampened enthusiasm for Bitcoin Cash. The strength of the recovery suggests buyers are re-entering at key levels.
Technical indicators point to renewed strength, with a hidden bullish divergence visible on the daily RSI that hints at momentum building beneath the surface.
BCH continues to trade inside a bullish ascending channel, although resistance at $572 remains a critical test. Market analysts note that an hourly close above this barrier could confirm a breakout and potentially accelerate gains.
Retail activity muted as whales step in
On-chain data show whales were accumulating during the downturn, with whale transactions totaling $482 million on August 7 — the largest increase since early July.
Large investors often position themselves ahead of rallies, and a similar surge in activity preceded a 75% rise in July.
Activity among smaller participants, however, remains subdued. Daily active BCH addresses are around 19,000, near a six-year low, indicating weak organic adoption.
This divergence suggests current moves are being driven more by speculation and large-holder flows than by broad retail demand. Continued whale inflows will be crucial to maintaining momentum.
Key resistance and support levels in focus
Looking at the BCH price chart, the coin needs to hold above $544.23 to preserve its upward bias.
A break above $569.77 could open the path to $595.84 and even $638.56, with Fibonacci targets near $607 and $664 adding weight to the bullish case.
Trader Sharky, who has a strong following, believes BCH could repeat its June rally when it climbed shortly after Bitcoin. He highlights a 74-week trend-break retest that he sees as a bullish 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, highlights a double-top pattern and notes that Bitcoin Cash lost the 4-hour 200 EMA and dipped below a multi-month ascending channel. He argues that the structure looks weaker and that it may be premature to be optimistic.
$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
— AltWolf🐺 (@AltwolfCrypto) August 26, 2025
Analysts warn that a failure to hold $544.23 could prompt a pullback toward $527.41, with the risk of a deeper decline down to the July swing low near $516. Such a move would threaten the broader bullish channel and weaken the near-term outlook.