Bitcoin Cash Advances 1% as Buyers Test Resistance on Rising Volume
28/10/2025
Bitcoin Cash (BCH) showed renewed momentum over the past 24 hours, gaining more than 1% to challenge a key downtrend resistance as trading activity accelerated across major exchanges.
The Bitcoin fork rose from $561 to $564, approaching the descending trendline that links October’s high with the September peak. A confirmed move above this line could extend the asset’s $100 recovery since the sharp decline on October 17, strengthening the case for a short-term reversal.
Trading activity expanded notably, with volume up 45.8% versus the 30-day average — a sign of increasing participation. However, the rally stalled near $570–$571, suggesting strong selling pressure remains despite clear signs of accumulation.
Market Highlights
- Volatility: BCH traded within a $19.75 range, reflecting 3.5% daily volatility.
- Volume Peak: Activity hit 86,909 BCH at 14:00 UTC, 158% above the average session level.
- Resistance Reaction: Prices briefly touched $570.88 before sellers capped gains at the upper boundary.
Market View
The mix of rising volume and limited price expansion signals accumulation beneath resistance, hinting that larger players may be positioning for a breakout. Still, overhead supply at $570–$571 continues to limit near-term upside.
A sustained move beyond this zone will likely depend on stronger buying momentum or broader crypto market strength led by Bitcoin.
Technical Snapshot
- Support: Holding between $551–$555.
- Resistance: Firm near $570–$571, repeatedly rejecting intraday gains.
- Trend Structure: Range-bound over a $19.75 band (3.5%), showing higher lows between $562.20–$563.49 on hourly charts.
With accumulation patterns firming, BCH could retest $565–$570 during the next European session, as improving volume trends continue to support a constructive technical outlook.
