{"id":57576,"date":"2025-08-12T12:25:29","date_gmt":"2025-08-12T12:25:29","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bch-looks-to-break-key-resistance-as-bitcoin-cash-volume-jumps-30\/"},"modified":"2025-08-12T12:25:29","modified_gmt":"2025-08-12T12:25:29","slug":"bch-looks-to-break-key-resistance-as-bitcoin-cash-volume-jumps-30","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bch-looks-to-break-key-resistance-as-bitcoin-cash-volume-jumps-30\/","title":{"rendered":"BCH looks to break key resistance as Bitcoin Cash volume jumps 30%"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/bitcoin-cash-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/bitcoin-cash-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/bitcoin-cash-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/bitcoin-cash-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li><span style=\"font-weight: 400;\">Bitcoin Cash price is near $590 having touched highs above $604 in the past 24 hours.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">While BCH is a mere 1% in 24 hours at the time of writing, it\u2019s 18% higher in 30 days.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Bitcoin Cash could break above critical resistance and eye the $1,000 level.<\/span><\/li>\n<\/ul>\n<p>Bitcoin Cash (BCH) is not one of the flashy performers in the crypto market, with the coins\u2019 18% uptick in the past month small compared to peers in the top 100 cryptocurrencies by market cap.<\/p>\n<p>However, as Ethereum makes headlines as it approaches its all-time high, Bitcoin Cash is also hovering around a critical resistance level having tested the $600 level.<\/p>\n<div class=\"ad-banner  container  pt-1  px-0  mb-6\" data-partner=\"bitcoinpenguin\">\n        <a href=\"https:\/\/bitcoinpenguins.io\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img decoding=\"async\" class=\"p-0  m-0\" src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/bitcoinpenguin\/en.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<p>This charge, fueled by a remarkable 30% surge in daily trading volume, could see BCH eye further gains towards the $1,000 mark. But what\u2019s the technical outlook?<\/p>\n<h2>Bitcoin Cash retests key price level<\/h2>\n<p>The price of Bitcoin Cash is currently retesting a pivotal resistance zone, with its price hovering around the $600 mark.<\/p>\n<p>Over the past 24 hours, BCH has touched highs of $601 across major exchanges, and shows resilience with prices remaining above $590 and ticking to highs near the July peak of $604.<\/p>\n<figure id=\"attachment_329257\" aria-describedby=\"caption-attachment-329257\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-329257\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/08\/BCHUSD_2025-08-12_15-01-27.png\" alt=\"\" width=\"1057\" height=\"571\"\/><figcaption id=\"caption-attachment-329257\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/symbols\/BCHUSD\/\" target=\"_blank\" rel=\"noopener\">BCH price chart<\/a> by TradingView<\/figcaption><\/figure>\n<p>The jump to $600 represents a notable move for BCH, as this allows buyers to test the upper boundary of a sell wall that has previously seen bears emerge strongly.<\/p>\n<p>Notably, the 30% spike in trading volume speaks to the increased market activity, suggesting traders may be positioning for a potential breakout.<\/p>\n<h2>What\u2019s next for BCH price: Can bulls reclaim $1,000 in 2025?<\/h2>\n<p>BCH price reached highs of $624 in December 2024 and last traded above $1,000 in 2021.<\/p>\n<p>Looking at the technical picture for Bitcoin Cash, the overall outlook is optimistic, with bulls setting their sights on flipping $600 into a robust support level.<\/p>\n<p>From here, a potential climb towards $1,000 is possible. In the short term, the supply wall is around $680 and $764 and above this, a flip to $1k and over will be more likely.<\/p>\n<p>The broader market sentiment, with Fear &amp; Greed Index trending in the \u201cGreed,\u201d zone, adds to this outlook.<\/p>\n<p>BCH\u2019s technical indicators also align with a bullish trend. Increased adoption that has investors buoyed amid favorable macroeconomic conditions, gives this altcoin a good chance of continuing higher.<\/p>\n<p>However, traders may yet trade cautiously as profit taking a dump for major altcoins could dampen broader sentiment.<\/p>\n<p>The upcoming inflation data, with Bitcoin\u2019s correlation with stocks tight, could mean either a sharp surge or notable dump.<\/p>\n<blockquote>\n<p>\u201cBTC \u2019s correlation with equities has tightened since mid-July, mirroring US stocks\u2019 rebound to near record highs. Attention now shifts to Tuesday\u2019s CPI, expected to rise 10 bps to 2.8%,\u201d analysts at QCP <a href=\"https:\/\/x.com\/QCPgroup\/status\/1954843076134093152\" target=\"_blank\" rel=\"noopener\">noted<\/a>. \u201cA softer CPI could cement odds of a September Fed cut, while a hotter print risks stalling the rally. Traders are hedging with demand for short-dated $BTC puts in the $115k\u2013$118k range.\u201d<\/p>\n<\/blockquote>\n<p>The <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-price-forecast-btc-price-steadies-as-long-term-holder-selloff-cools\/\">price of Bitcoin<\/a> hovers around $118,500, while BCH trades near $590.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bch-looks-to-break-key-resistance-as-bitcoin-cash-volume-jumps-30\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin Cash price is near $590 having touched highs above $604 in the past 24 hours. While BCH is a mere 1% in 24 hours at the time of writing, it\u2019s 18% higher in 30 days. Bitcoin Cash could break above [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":57577,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/57576"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=57576"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/57576\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/57577"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=57576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=57576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=57576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}