BCH, Bitcoin’s Fork, Gains 1% in Bid to Reverse Ongoing Downtrend

Bitcoin Cash Gains 1% as Volume Spikes, Tests Key Resistance

28/10/2025

Bitcoin Cash (BCH) posted modest gains over the last 24 hours, climbing just over 1% to test a major downtrend resistance, as rising trading volumes hinted at quiet accumulation across markets.

The Bitcoin offshoot advanced from $561 to $564, touching the descending trendline that connects October’s local high to the September peak. A breakout above this level could validate the $100 recovery seen since the October 17 sell-off and potentially signal a trend reversal.

Trading volume rose sharply, up 45.8% compared to the 30-day average, indicating renewed investor activity. Despite this, BCH faced rejection at the $570–$571 resistance zone, underscoring that sellers remain active at higher levels even as demand strengthens.

Market Insights

Volatility: BCH traded within a $19.75 range, reflecting 3.5% intraday volatility.
Volume Surge: Activity peaked at 86,909 BCH around 14:00 UTC, roughly 158% above the session norm.
Resistance Pressure: Prices briefly touched $570.88 before stalling near the upper resistance band.

Analysis and Takeaway

The pattern of rising volume amid contained price action points to potential accumulation beneath resistance — a constructive sign for bulls if momentum follows through. The muted price response suggests the $570–$571 level remains a strong supply area that needs sustained buying pressure to clear.

A decisive breakout above that barrier could open the path for further gains, particularly if broader market sentiment turns risk-on.

Technical Picture

Support: Firm demand near $551–$555.
Resistance: Capped at $570–$571, a key zone tested multiple times.
Structure: Consolidation within a $19.75 (3.5%) range, with higher lows forming between $562.20 and $563.49 on the hourly chart.

In the near term, BCH could retest the $565–$570 area as momentum builds during the European trading session, supported by improving volume trends and steady accumulation from overnight lows.