Bitcoin Cash: Can BCH Sustain Its Bull Run After 20% Surge?

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Bitcoin Cash (BCH) has recently captured the attention of crypto enthusiasts and traders alike, rallying over 20% in a short span despite ongoing global uncertainties. With geopolitical tensions between Israel and Iran adding volatility to financial markets, BCH has demonstrated resilience—fueling speculation about whether this momentum can continue.

After a prolonged consolidation phase, Bitcoin Cash has broken out with renewed vigor, prompting analysts to revise their price targets upward. On X (formerly Twitter), multiple high-follow crypto commentators have shared bullish outlooks for BCH, reinforcing growing confidence in its near-term trajectory.

“Price still has room to hit new highs—$903 to $915 looks like a strong target zone,” predicted one well-known analyst on June 16, 2025.

Another prominent voice in the space went even further, setting aggressive price objectives at $625, $1,245, and ultimately $1,830—provided BCH maintains trading above the critical support range of $380–$400. This view underscores a broader sentiment: Bitcoin Cash may be emerging from a long-term accumulation phase, forming what technical analysts describe as a “rounding bottom” pattern—a classic precursor to significant upward moves.

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Technical Momentum Builds on Weekly Charts

Technical indicators are increasingly pointing toward sustained bullish momentum for BCH. According to on-chain analytics, the asset has not only cleared key resistance levels but is now testing previously unyielding zones with growing conviction.

AMBCrypto’s technical analysis highlights that Bitcoin Cash has reached a pivotal resistance level at $485—a price point that historically triggered sharp reversals due to heavy selling pressure. However, current market dynamics suggest a shift in sentiment. If BCH can decisively breach this ceiling, analysts project a potential 30% rally toward $632 in the coming weeks.

Conversely, failure to hold gains could lead to profit-taking and a retest of lower support levels. The outcome hinges largely on trader positioning and macro-level crypto market trends.

Key Support and Resistance Levels:

Mixed Signals from On-Chain Data

While technical charts paint an optimistic picture, on-chain metrics reveal a more nuanced sentiment among investors.

According to CoinGlass, recent data shows that both retail traders and long-term holders have taken advantage of the price surge to offload portions of their BCH holdings. Over the past 24 hours alone, exchanges recorded inflows of approximately $2.52 million worth of Bitcoin Cash.

This movement suggests that some investors view the current rally as an opportunity to secure profits—potentially increasing sell-side pressure in the near term. Elevated exchange inflows are often interpreted as bearish signals, as they indicate coins are being moved from cold storage into more liquid environments, ready for sale.

However, it's important to contextualize this behavior. Profit-taking after a 20% rise is natural and doesn’t necessarily imply a loss of faith in the asset. Instead, it reflects healthy market dynamics where early adopters realize gains while new capital enters the ecosystem.

Derivatives Market Shows Strong Bullish Bias

In contrast to cautious on-chain behavior, the derivatives market reflects strong bullish sentiment.

Open interest and futures data show that long positions in BCH now outnumber short positions by more than 2:1. Traders have established over $11.47 million in long contracts compared to just $5.34 million in shorts—concentrated around key psychological levels.

Notably:

These leverage clusters suggest that market participants are positioning aggressively for further upside. A breakout above $486.90 could trigger a cascade of stop-loss orders and force short sellers to cover, amplifying upward momentum—a phenomenon known as a short squeeze.

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Current Market Snapshot

At the time of writing, Bitcoin Cash is trading near $471, reflecting a 4.21% gain over the past 24 hours. More importantly, trading volume has surged by 15% during the same period—an indicator of rising participation and growing market interest.

This volume expansion supports the validity of the current uptrend. In technical analysis, price movements accompanied by increasing volume are considered more sustainable than those driven purely by speculation.

Moreover, weekly charts now show a confirmed shift in momentum. The formation of higher lows and a breakout from multi-month consolidation patterns align with classic bullish continuation setups.

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Frequently Asked Questions (FAQ)

Q: What is driving Bitcoin Cash’s recent 20% price increase?
A: The surge is attributed to technical breakout patterns, growing trader optimism in derivatives markets, and broader crypto market recovery momentum—even amid geopolitical uncertainty.

Q: Can BCH break past $485 resistance?
A: Yes—increasing long positions and rising trading volume suggest strong upward pressure. A close above $485 could open the path toward $632 and beyond.

Q: Is profit-taking affecting BCH’s price action?
A: Yes. On-chain data shows increased exchange inflows, indicating some holders are selling after the rally. While this may cause short-term volatility, it doesn't negate longer-term bullish potential.

Q: What happens if BCH fails to hold above $458?
A: A drop below $458 could trigger further downside toward the $380–$400 support zone. However, this range has held firm in previous downturns and may act as a springboard for renewed buying interest.

Q: What are the key price targets for Bitcoin Cash in 2025?
A: Analysts project targets at $632 (short-term), $903–$915 (mid-term), and up to $1,830 under extreme bullish conditions—if market adoption and technical patterns remain favorable.

Q: How does Bitcoin Cash compare to other layer-1 cryptocurrencies?
A: While often overshadowed by Bitcoin and Ethereum, BCH continues to maintain relevance through fast transaction speeds and low fees—making it viable for everyday payments and microtransactions.

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Final Outlook: Bullish—but With Caution

Bitcoin Cash is showing compelling signs of strength after its 20% rally. Technical patterns, derivatives positioning, and rising trading volume all point toward sustained bullish momentum—especially if it clears the critical $485 resistance.

However, profit-taking activity and concentrated leverage levels warrant caution. A sudden shift in market sentiment or external macro shocks could trigger short-term corrections.

For traders and investors, the current environment offers both opportunity and risk. Monitoring key support ($458–$380) and resistance ($485–$632) zones will be crucial in navigating the next phase of BCH’s journey.

As always in crypto, staying informed and managing risk remains paramount—especially when momentum meets resistance.