Bitcoin Cash has a strong demand wall around $565.94 to push past overhead resistance.
The weekly chart shows that the coin has broken out of a falling wedge, which is bullish.
Amid rising bull power, the BCH price might break the overhead resistance around $718.55.
While many altcoins are testing lower lows, Bitcoin Cash (BCH) is holding its ground—and that resilience could propel it into four‑figure territory. BCH trades at $572.23 at press time, marking a 17.23% gain over the past 30 days.
After consolidation, several on-chain signals suggest that BCH could climb higher before 2025 ends.
Bitcoin Cash Likely to Breach Supply Wall
To start, the In/Out of Money Around Price (IOMAP) is one of the key indicators signaling that Bitcoin Cash’s price could increase. This on-chain metric maps where current holders are positioned in profit or loss relative to the current price.
The latest IOMAP data shows that strong support clusters are below BCH’s current price of $565.94. At this price level, 334,080 addresses have accumulated 118 million BCH and are in unrealized profits.
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This cushion of profitable holders reduces the likelihood of heavy selling pressure, giving BCH room to push higher. With low resistance between $574.34 and $660.43, this support zone could serve as a springboard for BCH’s next leg up in the $700 direction.
BCH In/Out of Money Around Price | Credit: IntoTheBlock
Weekly Chart Supports Uptrend
Furthermore, the potential rally for Bitcoin Cash’s price may not stall at $700. On the weekly chart, BCH has broken above the upper trendline of a falling wedge.
Adding to the bullish setup, the Awesome Oscillator (AO) has climbed into positive territory, signaling that bullish momentum is rising. If this momentum holds, BCH’s price will likely attempt to test overhead resistance at $800.90, with an extended target near $980.14.
Besides that, the Chaikin Money Flow (CMF) reading has broken the trendline. A close look at the image below shows it is on the verge of rising above the zero line.
If validation, this accumulation will completely erase the recent distribution of Bitcoin Cash experienced and drive the value higher.
On the daily chart, Bitcoin Cash’s price trades within an ascending channel — a bullish structure defined by higher highs and higher lows.
This formation suggests that BCH’s uptrend is developing in a measured and controlled manner, with buyers steadily absorbing selling pressure.
As long as BCH respects the channel’s lower boundary, the path of least resistance remains to the upside. A breakout above the channel’s upper trendline could accelerate momentum toward the upper resistance levels.
If this trend continues, Bitcoin Cash might break the resistance at $718.55. Once that happens, BCH’s price might rise to $1,027, especially as the Bull Bear Power (BBP) is in the positive region.
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.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
