Bitcoin Cash Price Surges 20% From Support — Can BCH Break Its Cycle High Next?

Bitcoin Cash is showing significant strength, climbing sharply off its long-term support and recovering every loss from the October flash crash.

The sudden rally has traders asking: Why is Bitcoin Cash surging, and can BCH continue to rally toward a new cycle high?

With BCH now just 20% away from its 2025 peak, the next move could determine whether this is a complete trend reversal or just another temporary surge.

Here’s what the charts reveal.

Bitcoin Cash Price Analysis

Bitcoin Cash’s chart shows relatively bullish price action.

Last month, the price of BCH nearly invalidated its breakout from a diagonal resistance.

However, this was not the case.

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Instead, the BCH price bounced at the diagonal trend line, creating successive bullish candlesticks (green icons).

This week’s rally has taken BCH close to the $615 horizontal resistance area.

The $610 area is critical, as it marks the final key election before the cycle high of $718.

So, all eyes are on the price level to see if Bitcoin Cash will break out, or if rejection awaits.

Why Is Bitcoin Cash Going Up?

Alongside the price action, indicator readings for Bitcoin Cash differ from the rest of the altcoin market.

While bears have taken over nearly everywhere, bulls still have a fighting chance in Bitcoin Cash.

The Relative Strength Index (RSI) is almost above 50.

The Moving Average Convergence/Divergence (MACD) has nearly made a bullish cross.

If both these indicators turn bullish, and the BCH price breaks out above $620, it will confirm that the trend is bullish.

However, the risk of rejection remains.

If that happens, the indicators will fail to cross their bullish thresholds, in turn confirming the bearish trend.

Bitcoin Cash December Prediction

Unlike the weekly chart, the daily one warns of caution.

The primary reason for this is that the bounce since Oct. 15 occurs inside an ascending parallel channel.

These channels usually contain corrective movements, so an eventual breakdown is likely.

Today, the BCH price trades at the channel’s resistance.

Whether it breaks out or not is key to the future trend.

A breakout will also take Bitcoin Cash above the $615 horizontal resistance area.

Alternatively, failure to do so will put the entire rally at risk.

If that happens, a breakdown to new lows could occur.

This is the moment BCH must prove whether the rally is real or simply another corrective push.

What Traders Should Watch Next

Bitcoin Cash is stronger than most altcoins, but the trend is still unconfirmed.

A decisive breakout above $615–$620 would shift BCH into full bullish mode and put a new cycle high within reach.

Until that happens, the risk of a deeper pullback remains, especially if the daily channel rejects the price again.

The following 48 to 72 hours could determine whether BCH leads the next market rebound or gets pulled back into the broader downturn.

About the Author

Valdrin Tahiri

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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