Bitcoin Cash Extends Gains Above $520 as Volume Surge Signals Fresh Bullish Momentum

BCH posts modest gains with heightened trading activity, suggesting potential for continued upside.

Market Overview
Bitcoin Cash (BCH) advanced 0.71% to $524.31 on Tuesday, outperforming the broader crypto market by nearly 4.8%, according to CoinDesk Research’s technical data model.

The move came amid a sharp uptick in trading interest, with 24-hour volume rising 25.76% above its seven-day average, signaling renewed institutional participation. BCH traded between $504.38 and $525.66, finally establishing firm support above $520 after several failed breakout attempts over the past week.

The strongest activity was recorded around 01:00 UTC, when 46,349 units changed hands — roughly 180% above the daily average — coinciding with a test of the $531 resistance level. Analysts noted that the move reflected genuine buying pressure rather than short-term speculative flows.

The breakout above $520 marks a key technical shift for BCH, with growing volume participation laying the groundwork for a potential continuation toward the $530 resistance zone, where sellers briefly capped gains overnight.

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Consolidation or Accumulation?

With no major fundamental catalysts influencing the market, technical factors remain in focus as BCH consolidates near the upper end of its recent range. The 60-minute chart shows a tight band between $523.41 and $526.12, with volatility fading into low-volume equilibrium around $525.65.

This compression suggests accumulation by larger players or positioning ahead of a breakout. The combination of higher volume and modest price gains hints that institutional demand may be building beneath the surface.

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Key Technical Levels for Traders

• Support/Resistance: Primary support sits at $502.67, while the $530–$531 zone remains the next key resistance area following prior volume-confirmed rejection.
• Volume Analysis: 24-hour volume surged 25.76% above the weekly average, confirming buying activity. The 46,349-unit peak at resistance reinforces $530 as a crucial level to watch.
• Chart Structure: The ascending trendline from the $504 low continues to form higher lows, confirming bullish momentum after the $520 breakout.
• Targets: Immediate upside targets lie at $530, with potential extensions toward the $540–$550 zone. Downside risk remains limited while BCH holds above $520 support.

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Market Context – CD5 Index

The CoinDesk Index 5 (CD5) saw modest consolidation, slipping 0.10% from $1,841.23 to $1,827.70 within a $44.50 intraday range. The session featured sharp volatility around 14:00 UTC, when the index dropped $34.85 from its $1,852.86 high before finding support near the $1,816–$1,817 zone.