Bitcoin Cash (BCH) and the Case for a $600 Price Floor Amid a Bullish Altcoin Season

The $600 Floor: A Technical Foundation for Bitcoin Cash

Bitcoin Cash (BCH) has long been a wildcard in the altcoin space, but recent price action suggests a compelling case for a $600 price floor. As of September 2025, BCH is trading near this critical level after surging from a low of $524 to a monthly high of $605.7, testing the $600 resistance barrier [1]. This level has historically acted as both a psychological and technical fulcrum, with $585 serving as a robust support zone [1].

The 200-day moving average (currently at $423.07) remains a bullish indicator, reinforcing the idea that BCH’s upward trend is intact [2]. However, caution is warranted: the RSI (47.67) is neutral, and the MACD (-4.7148) signals weakening momentum [3]. A sustained breakout above $600 could trigger algorithmic buying and position covering, potentially propelling BCH toward $700 [4]. Conversely, a failure to hold above $585 risks a correction to $552 or even $523 [4].

The 3-hour chart adds nuance. BCH is pressing against the upper Bollinger Band at $598, with volume surging to indicate continued buyer participation [4]. This suggests that while the $600 level is contested, the market remains optimistic about a bullish resolution.

Cross-Asset Strength: BCH Outperforms BTC and ETH

Bitcoin Cash’s technical narrative gains further credibility when viewed through the lens of cross-asset strength. In 2025, BCH has broken out of a long-term diagonal resistance pattern, with its price more than doubling since April [6]. Analysts project a potential 200% to 500% increase if BCH clears $1,500 and $3,000 resistance levels [6]. This outperformance is stark against Bitcoin (BTC), which, despite a "golden cross" in its 50-day and 200-day EMAs, shows signs of weakening as the gap between these indicators narrows [4].

Ethereum (ETH), meanwhile, remains in a structural uptrend, with its RSI at 50 and ADX at 26, but its dominance has plateaued at 23.6% of the crypto market cap [4]. In contrast, BCH’s 30% surge in daily trading volume and 49.94% return over 90 days highlight its growing adoption [3]. This divergence is partly driven by BCH’s technical upgrades, including the activation of VM Limits and BigInt in May 2025, which have enhanced its smart contract capabilities and scalability [6]. These improvements position BCH as a viable alternative for DeFi and cross-chain applications, a narrative Ethereum has long dominated [6].

Altcoin Season: BCH’s Role in a Fragmented Market

The broader altcoin market is in a pre-altseason phase, with Ethereum leading the charge but broader rotation yet to materialize [5]. Bitcoin’s dominance has dipped to 48.3%, while Ethereum’s has risen to 23.6%, signaling capital migration into altcoins [4]. BCH’s block size of 32MB—far exceeding Bitcoin’s 1MB—positions it as a faster, lower-cost solution for everyday transactions [5]. This utility, combined with its recent integration with BRIDGERS to enhance multi-chain interoperability, could drive further adoption [6].

However, challenges persist. The unwinding of bullish bets and high ETH borrowing rates have caused volatility in altcoins [3]. If Bitcoin consolidates and Ethereum outperforms, a full altseason could ignite in Q4 2025 [5]. For BCH, this scenario would amplify its cross-asset strength, particularly if its $600 floor holds and triggers a move toward $700.

Conclusion: A $600 Floor as a Catalyst for Altseason

The case for a $600 price floor in Bitcoin Cash is rooted in both technical and cross-asset fundamentals. While the bearish MACD and overbought RSI levels warrant caution, the 200-day MA and Bollinger Band dynamics suggest a resilient bullish trend [1][3]. BCH’s outperformance against BTC and ETH, driven by technical upgrades and growing on-chain activity, further strengthens its position as a key player in the altcoin season.

Investors should monitor the $585 support level closely. A successful defense here would validate the $600 floor and open the door to a $700–$1,000 range. In a market increasingly favoring altcoins, Bitcoin Cash’s unique value proposition—scalability, smart contract innovation, and low fees—could make it a standout performer.

Source:
[1] Bitcoin Cash Price Prediction: BCH Targets $650-$700 As Bullish Momentum Builds [https://icobench.com/news/bitcoin-cash-price-prediction-bch-targets-650-700-as-bullish-momentum-builds/]
[2] Bitcoin Cash Price Prediction: BCH Targets $1,000 While BlockchainFX Presale Attracts Crypto Whales [https://coincentral.com/bitcoin-cash-price-prediction-bch-targets-1000-while-blockchainfx-presale-at-0-022-attracts-crypto-whales-eyeing-5-future/]
[3] BCH Price Prediction: Bitcoin Cash Targets $600-$700 Despite Bearish MACD Signals Warranting Caution [https://blockchain.news/news/20250829-price-prediction-bch-bitcoin-cash-targets-600-700-despite]
[4] Bitcoin, Ethereum Settle In, But Signs Point to Volatility Ahead [https://finance.yahoo.com/news/bitcoin-ethereum-settle-signs-point-203258030.html]
[5] Altcoin Season: How the Old Giants and New Narratives Are Shaping 2025 [https://genfinity.io/2025/08/21/altcoin-season-overview-2025/]
[6] Bitcoin Cash (BCH) Takes The Lead: Massive Breakout [https://www.ccn.com/analysis/crypto/bitcoin-cash-bch-breakout-bitcoin/]