Bitcoin Cash (BCH) delivered a sharp rebound after a steep drop to $391.66, marking a strong V-shaped recovery as bulls defended a key technical level. The swift move higher came despite continued pressure from global economic tensions and volatile risk markets.
Heavy buying emerged in the early morning hours, forming a high-volume base between 01:00 and 04:00. That momentum culminated in a breakout during the 13:00 hour, pushing BCH to a high of $416.96—its strongest level of the day on surging volume.
Technically, BCH now appears to be stabilizing above $409.80, a former resistance turned support. A consolidation flag has formed, with low-volume pullbacks suggesting bullish continuation potential.
The $413–$413.50 range remains pivotal in the short term. Holding this zone could open the door to further gains, even as broader crypto markets remain on edge due to geopolitical tensions and rising yields.
Bitcoin Cash’s resilience stands out as traders begin to reenter positions on assets showing relative strength during uncertainty.
