Bitcoin Cash Breaks Above $480 as Trading Volume Surges, Defying Broader Market Weakness
Bitcoin Cash (BCH) surged past the $480 mark on Tuesday, bucking the downward trend seen across broader crypto markets, as traders poured in with higher-than-usual activity.
The token climbed 3.15% over the past 24 hours, reaching $480.10 after rebounding sharply from a session low near $454, according to CoinDesk Research’s technical analysis data.
While much of the crypto market struggled under pressure from global economic tensions and a declining Bitcoin price, BCH stood out with a strong late-session rally. A 21.98% spike in daily trading volume versus its 30-day average signaled growing confidence and fresh buying interest.
Trading was especially active during U.S. morning hours, with multiple volume surges recorded between 08:00 and 12:20 UTC. The decisive push above $468 came during the final hour of trading, driven by aggressive bids that sent prices as high as $480.10.
Despite broader headwinds—including a 3.5% slide in total crypto market capitalization and rising tensions between the U.S. and China—BCH managed to reclaim ground lost earlier in the week. The token ended near its daily highs, showing a pattern of higher lows and strong accumulation at breakout levels, suggesting continued bullish momentum going into the next session.
Technical Analysis Snapshot
- BCH traded between $454.16 and $469.06 during the session, a 3.26% range.
- The day started with a drop to $454 amid above-average volume of 41,000 units, but support formed around $455–$458.
- Notable buying activity during 08:00–10:00 UTC lifted BCH toward the $468 resistance zone.
- The final hour saw a surge from $462.75 to $468.77 (+1.3%), extending further to $480.10.
- Key buying bursts were recorded at 11:27 UTC (1,314 units), 12:15 UTC (718 units), and over 3,600 units between 12:20–12:21 UTC.
- BCH’s price structure has shifted into a short-term uptrend, characterized by higher highs and higher lows, bolstered by sustained volume.
With traders showing renewed interest, BCH enters the next session with visible momentum and fresh support levels, even as volatility lingers across the crypto landscape.

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