Bitcoin Cash (BCH)
According to Coindesk Research’s technical analysis model, it has risen 3.15% to $480.10 in the past 24 hours, a sharp rise from the $454 meeting after buyers stepped in to reverse their early weaknesses.
While most of the cryptocurrency markets struggled under pressure from global economic tensions and the decline in Bitcoin prices, BCH exploded with surges in batches and short-term resistance levels.
The move is a 21.98% increase in 24-hour trading volume with an increase in 30-day average, which confirms the signal that participants are transformed and traders are targeting. The main purchases take place throughout the United States morning time, with multi-coil peaking between 08:00 and 12:20 UTC. In the last hour of the analysis window, the final push exceeded $468.
Despite wider headwinds (including a 3.5% decline in total crypto market cap and escalating U.S.-China trade tensions, its relative resilience is unwelcome. Coin retraction levels were lost earlier this week and approached at highs of the day, with each breakthrough with clear lows and a pattern of continuous accumulation. While short-term volatility may continue, BCH entered the next session with visible momentum and new support.
Technical analysis highlight
- BCH trades between $454.16 and $469.06 with a volatility of 3.26%.
- The day started with a higher-average (41k) price to $454, but the rebound was based on $455-458.
- The spikes in quantity between 08:00 and 10:00 indicate that the buyer’s interest increases, helping to raise the price to the resistance level of $468.
- The last hour breakout ranged from $462.75 to $468.77 (+1.3%) and then extended to $480.10.
- Notable buy volumes are 11:27 (1,314 units), 12:15 (718 units) and 12:20-12:21 (total more than 3,600 units), confirming demand.
- An upward trend forms, high and high lows, enhanced by continuous volume entering the closed volume.
Disclaimer: Part of this article was generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and compliance Our standards. For more information, see Coindesk’s complete AI policy.
