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Bitcoin Cash Edges Higher Amid Rising Volume, Tests Key Downtrend Resistance
28/10/2025
Bitcoin’s offshoot Bitcoin Cash (BCH) showed signs of renewed strength over the past 24 hours, climbing more than 1% to challenge a key bearish trendline, even as broader crypto market momentum remained subdued.
The cryptocurrency advanced from $561 to $564, approaching the descending trendline that links October’s high to the peak reached in September. A confirmed breakout above this line could reinforce the ongoing recovery, extending the $100 rebound from the October 17 crash.
Trading activity expanded notably, with volume surging 45.8% above its 30-day average, signaling heightened investor interest. However, the rally encountered resistance at the $570–$571 zone, indicating that overhead supply remains significant despite constructive accumulation patterns.
Key Insights
- Range-Bound Volatility: BCH maintained a $19.75 range, representing 3.5% intraday volatility.
- Volume Spike: Trading volume peaked at 86,909 BCH at 14:00 UTC, 158% above the session average.
- Resistance Test: Prices briefly touched $570.88 before rejection at the $570–$571 resistance area.
Takeaway
The combination of above-average volume and tight price action points to potential accumulation beneath resistance. While elevated trading activity reflects growing market participation, price containment underscores the strength of overhead supply zones.
A decisive breakout above current levels would likely require sustained buying pressure or broader market confirmation led by Bitcoin.
Technical Levels to Watch
- Support: $551–$555 zone, showing consistent buyer defense.
- Resistance: $570–$571 area, repeatedly capping upside attempts.
- Structure: Range-bound movement spanning $19.75 (3.5%), with higher lows forming between $562.20 and $563.49 on the hourly chart.
BCH may continue to test the $565–$570 resistance zone in the short term, with momentum likely to build during the European session as accumulation patterns strengthen from overnight lows.
