Bitcoin Cash Surges 6.5% to $492.08 on Institutional Demand

Bitcoin Cash (BCH) has seen a significant surge in value, reaching its highest point in two months at nearly $500. This rally is primarily driven by institutional demand and broader market uncertainty, particularly amidst escalating global trade tensions. The heightened interest in non-sovereign assets like Bitcoin Cash is a response to concerns over global supply chains and the impact of trade disputes on high-tech sectors. The Federal Reserve's hawkish stance, with interest rates held at 4.25%-4.50% and further quantitative tightening signaled, has also contributed to market volatility. Despite its history of volatility and fading retail hype, Bitcoin Cash has shown signs of institutional reappraisal. Analysts attribute this renewed interest to BCH's scaling simplicity, fast settlement times, and a long-term technical base above $400. If the momentum persists, BCH could attempt to flip $500 into a long-term support, potentially changing its macro structure heading into the third quarter.

The price action of BCH over the past 24 hours has been notable. It rallied from $461.87 to a high of $492.08, backed by strong inflows. The breakout began during the 13:00–14:00 window, when volume spiked to 152,140 units, more than five times the hourly average, confirming institutional buying. The price rejected off the $500 barrier multiple times, slipping to $490.46 during the early morning session before stabilizing. A brief sell-off at 04:51 triggered a quick dip to $491.47, but the price soon reclaimed $485, showing signs of resilience and consolidation just below key resistance.

Technical analysis indicates that Bitcoin Cash posted a 6.5% gain over 24 hours, rising from $461.87 to $492.08. The breakout was confirmed by a 5x volume surge during the 13:00–14:00 hour. The price cleared long-term trendline resistance near $472 and held above the 100-hour SMA. Multiple tests of the $500 barrier suggest that psychological resistance remains intact. Support formed at $490.46, with a consolidation zone now between $485–$492. The RSI is rising with room to run, and the MACD is crossing into bullish territory. If $500 is convincingly broken, bulls may target $505 or $520 next.

Bitcoin Cash has also shown strong performance in recent months, surging 98% from March to June 2025, hitting a new yearly high above $500 despite limited institutional backing. The price has moved above the 50-day and 200-day Exponential Moving Averages, while the Average Directional Index has jumped to 23, indicating that it is gaining momentum. The asset has recorded a notable price gain within 24 hours, as trading volume and open interest are fueling its potential breakout to $500. Bitcoin Cash rose more than 5% on Thursday, reaching $487 after a surge in trading volume helped lift the asset past key resistance levels. With strong technicals, surging volumes, and renewed institutional interest, Bitcoin Cash is poised for a major move.