Bitcoin Cash (BCH) posted a strong rebound after dipping to a key support level, staging a V-shaped recovery that reflects renewed buyer confidence despite macroeconomic headwinds.
Following a test of the $391.65 support zone, BCH bounced sharply, with high-volume inflows between 01:00 and 04:00 setting the stage for a breakout. The rally gained momentum around 13:00, pushing prices to an intraday high of $416.96 on the strongest hourly volume of the day.
The move comes against a backdrop of increasing global uncertainty, including heightened U.S.-China trade tensions and rising U.S. Treasury yields—factors that have typically created challenging conditions for risk assets like cryptocurrencies.
Technically, BCH flipped resistance at $409.80 into new support and formed a bull flag pattern, suggesting potential for further upside. Analysts are closely watching the $413.00–$413.50 zone, now viewed as a critical support range that needs to hold for bullish momentum to continue.
Despite broader market volatility, Bitcoin Cash’s ability to recover swiftly signals underlying strength and continued interest from both retail and institutional traders.
