Home / Analysis / Crypto / Technical Analysis / Bitcoin Cash (BCH) Price Crosses $500 — Eyes Breakout From 7-Year Downtrend

Bitcoin Cash (BCH) Price Crosses $500 — Eyes Breakout From 7-Year Downtrend

Last Updated
Valdrin Tahiri
Last Updated
By Valdrin Tahiri
Edited by Ryan James
Key Takeaways
  • Bitcoin Cash (BCH) aims to break out from long-term resistance.
  • The BCH price has already recovered from its decline on May 17.
  • Can Bitcoin Cash sustain its upward movement and break out?

Bitcoin Cash (BCH) was all the rage in 2017, hitting an all-time high and becoming one of the five biggest cryptocurrencies based on market cap.

It has never reached those highs again, correcting for over seven years under diagonal resistance.

This could all be coming to an end in 2025. BCH is set for a breakout from this resistance, possibly triggering a parabolic upward movement that could revisit its previous highs.

Bitcoin Cash Breakout

The weekly time frame price analysis shows that BCH has fallen under a descending resistance trend line since the all-time high in December 2017.

During this time, BCH made three unsuccessful breakout attempts (red icons), the most recent in December 2024.

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After a nearly 90% price increase since April, the BCH price is again on the verge of a breakout.

Bitcoin Cash trades at $463, only 20% below the resistance at $520. A weekly close above this level will confirm the breakout.

Since there is no horizontal resistance above, breaking out could catalyze a parabolic rally toward $1,500, causing the BCH price to nearly quadruple.

BCH Long-Term
BCH/USDT Weekly Chart | Credit: Valdrin Tahiri/TradingView

Technical indicators are also bullish. The Relative Strength Index (RSI) crossed 50 while the Moving Average Convergence/Divergence (MACD) is positive (black circles).

Finally, the wave count shows a completed A-B-C-D-E structure, another sign pointing to a BCH breakout.

As a result, the long-term BCH price prediction is bullish, and a breakout is finally on the cards.

New BCH Highs

The daily trend is also bullish but suggests a short-term retracement could occur.

BCH started a five-wave rally (black) on April 7 and could be in the final portion of this upward movement.

However, the RSI and MACD have not generated bearish divergences yet, suggesting the rally could continue.

BCH Short-Term
BCH/USDT Daily Chart | Credit: Valdrin Tahiri/TradingView

So, while an A-B-C correction is possible, BCH could break out from the long-term resistance trend line without correcting.

Therefore, the BCH price will eventually break out even if a short-term decline occurs first.

BCH Breakout Incoming

The 7-year BCH downtrend might finally be ending.

Bitcoin Cash has shown admirable strength since April 2025 and is on the verge of a breakout.

The long-term price action, indicator readings, and wave count suggest bullish trends.

A close above $540 will confirm the breakout, paving the way for a parabolic rally toward $1,500.

Disclaimer: The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer. He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape. Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights. He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
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