Bitcoin Cash Climbs 1% as Volume Spikes, Tests Key Trendline Resistance
28/10/2025
Bitcoin Cash (BCH) advanced more than 1% in the past 24 hours, showing renewed strength as trading volumes surged and buyers tested a major downtrend resistance.
The Bitcoin fork rose from $561 to $564, nearing the descending trendline that links October’s high to the September peak. A decisive break above this level could validate the asset’s $100 rebound from the October 17 slump, hinting at an early stage of trend reversal.
Trading activity increased sharply, with volume up 45.8% over its 30-day average, signaling growing participation. Despite this, the rally stalled near the $570–$571 zone, showing that sellers remain active even as accumulation continues beneath resistance.
Market Metrics
- Range & Volatility: BCH traded within a $19.75 band, reflecting 3.5% daily volatility.
- Volume Peak: Activity hit 86,909 BCH at 14:00 UTC, 158% above the session average.
- Resistance Rejection: The token reached $570.88 before sellers capped further gains.
Outlook
The combination of rising volume and limited price expansion suggests accumulation rather than speculative spikes, often a precursor to stronger directional movement. However, resistance around $570–$571 remains a critical ceiling for now.
A breakout above that level could open the door to further upside, provided buying pressure sustains or broader market momentum improves.
Technical Picture
- Support Zone: $551–$555, showing consistent buyer defense.
- Resistance: $570–$571, repeatedly rejecting intraday highs.
- Structure: Range-bound pattern spanning $19.75 (3.5%), forming higher lows between $562.20–$563.49 on the hourly chart.
Momentum could strengthen into the European session, with BCH likely to retest the $565–$570 region as accumulation patterns develop from overnight consolidation.
