BCH Climbs Past $520, Up 0.71% to $524.31 in Renewed Bullish Momentum

Bitcoin Cash Breaks Above $520 as Volume Spike Confirms Bullish Momentum

BCH extends gains amid renewed institutional activity, signaling potential upside continuation.

Market Overview
Bitcoin Cash (BCH) climbed 0.71% to $524.31 on Tuesday, outperforming the broader crypto market by nearly 5%, according to CoinDesk Research’s technical data model.

The move came on strong trading volume, which rose 25.76% above the seven-day average, hinting at institutional interest behind the breakout. BCH traded between $504.38 and $525.66, firmly establishing support above $520 after multiple failed attempts in recent sessions.

At 01:00 UTC, trading volume spiked to 46,349 units, nearly 180% above the daily average, coinciding with a test of resistance near $531. The surge validated $530 as a key barrier and confirmed that the rally was driven by genuine accumulation rather than speculative short-term buying.

The breakout above $520 represents a decisive technical shift for BCH, setting up conditions for a possible advance toward the $530–$550 zone if momentum holds.

Range Compression and Accumulation

Without major fundamental catalysts in play, technical forces dominated trading as BCH consolidated in a narrow band between $523.41 and $526.12. Hourly charts show a contracting range and low-volume equilibrium around $525.65, suggesting accumulation by larger market participants rather than distribution.

The pattern of higher lows since $504 supports a short-term bullish bias, with buying pressure building beneath resistance. Analysts see the volume expansion paired with steady price action as evidence that institutional positioning may be quietly strengthening.

Key Levels to Watch

Support / Resistance: Primary support lies at $502.67, while the $530–$531 zone remains the key resistance area.
Volume Signal: Turnover jumped 25.76% above the weekly average, with 46,349-unit volume spikes confirming demand near resistance.
Structure: An ascending trendline from $504 shows higher lows and sustained bullish structure.
Targets: Immediate upside targets sit near $530, with extension potential toward $540–$550 if volume follows through. Downside risk remains contained above $520.

Market Context

The CoinDesk Index 5 (CD5) edged lower by 0.10% to $1,827.70, slipping from $1,841.23 amid sharp intraday volatility. The index dropped $34.85 from its $1,852.86 high before finding support near $1,816–$1,817, reflecting broader choppy conditions across digital assets.