Bitcoin Cash rallies after tariff scare | Credit: Hameem Sarwar
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Key Takeaways
Bitcoin Cash price rebounds above $540 after the weekend crash.
Active addresses surge to 7.28 million, reflecting a rise in on-chain activity.
A breakout above $583 could propel BCH higher unless a change occurs.
Like many other altcoins, Bitcoin Cash (BCH) was affected by the weekend market crash. As a result, Bitcoin Cash’s price slid below $500.
But as of this writing, it is no longer the case. Instead, the cryptocurrency has bounced above $540, with indications that it could continue to trade higher.
Here is how BCH recovered from the decline, and what lies ahead for the market value.
However, as the new week began, Trump revealed that the U.S. and China could work on a middle ground to avert that. Following this development, several altcoins, including BCH, bounced.
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On the 2-hour chart, CCN observed that Bitcoin Cash’s price has staged a solid rebound after breaking above the upper trendline of a falling wedge.
Amid this move, the Awesome Oscillator (AO) has flipped from the negative region to the positive zone, signaling that bullish momentum is building.
This transition suggests buyers are regaining control, and selling pressure is easing.
If the AO continues to strengthen with higher green histogram bars, BCH’s price could gain enough traction to retest the next resistance zone near $600.
However, the recovery does not seem to end there. As shown below, the green line of the Supertrend indicator is below the price, indicating that there may be sufficient support to drive BCH’s price above $600.
From an on-chain perspective, activity around Bitcoin Cash has surged. Data from Santiment shows that the number of active addresses has jumped to 7.28 million, marking one of the highest network activity spikes this year.
This surge indicates a significant increase in user participation and transaction volume.
If this on-chain activity continues to improve, it could fuel BCH’s ongoing rebound.
BCH Price Analysis: Extended Rally Ahead
On the 4-hour chart, Bitcoin Cash’s price is flashing early signs of renewed strength.
As shown below, the Money Flow Index (MFI) has risen above the neutral 50 mark, indicating that buying pressure is steadily increasing.
At the same time, BCH has closed above the 20-period Exponential Moving Average (EMA). This position suggests buyers are regaining control, and the market may be preparing for another leg higher.
If this trend holds, BCH’s price is poised to breach the immediate resistance at $583.04.
A successful breakout could pave the way for a rally toward $612.73, which could potentially extend to $650 if momentum continues to accelerate.
However, a pullback may happen if the price fails to clear the upper resistance. In that scenario, BCH could retrace to $515.55, where buyers might attempt to regroup.
In an extended bearish scenario, intensified selling pressure could push the coin to $473.85, aligning with the lower support zone.
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.
