BCH +403.6% in 24 Hours Amid Strong Momentum

On SEP 2 2025, Bitcoin Cash (BCH) rose by 403.6% within 24 hours to reach $543, marking a dramatic shift in short-term performance. Over the past seven days, the asset gained 164.9%, and over the last month, it surged by 420.8%. In the past year, BCH's price increased by 3051.78%. The recent price action highlights a sharp upward trend, driven by technical indicators and growing on-chain activity.

The rapid appreciation of BCH has been supported by a surge in transaction volume and improved hash rate activity, suggesting increased network usage and miner confidence. Analysts have noted that the price movement aligns with key resistance levels breaking, which historically has led to extended upward waves in similar digital assets. The 24-hour gain has drawn attention from both retail and institutional traders, with some interpreting it as a potential continuation of a bullish phase.

BCH’s price trajectory has also been shaped by the reemergence of long-term holders into the market, as evidenced by on-chain data showing a significant outflow from long-dormant wallets. This activity suggests that holders are beginning to realize gains after extended holding periods, reinforcing the narrative of a turning point in BCH’s market cycle. The absence of significant selling pressure at current price levels further supports the view that the uptrend could persist in the near term.

Technical indicators show that BCH has moved above key moving averages, including the 50-day and 200-day SMAs. This suggests a shift from a consolidation phase to a breakout phase. The RSI and MACD are both in positive territory, indicating growing momentum. Traders using chart-based strategies are closely monitoring the 550-dollar level as a potential next target, with a possible correction expected if the asset fails to hold current gains.

Backtest Hypothesis

A backtesting strategy was designed to evaluate the effectiveness of a technical trading approach based on moving averages and RSI levels. The strategy uses a 50-period and 200-period EMA crossover as the primary entry signal. Additional confirmation is provided by RSI readings below 30 for long entry and above 70 for short entry. Stop-loss levels are dynamically set based on the ATR indicator, with take-profit targets calculated at 1.5 times the ATR. The backtest aims to assess the viability of using these indicators in a live trading environment and to evaluate the risk-reward profile of the strategy over historical data.