Bitcoin Cash Surges 6.5% to Two-Month High Amid Trade Tensions

Bitcoin Cash (BCH) has recently experienced a significant surge, reaching a two-month high of nearly $500. This rally was driven by institutional demand and broader market uncertainty, positioning BCH within striking distance of the psychologically critical $500 level. The escalating global trade tensions, particularly between the U.S. and China, have increased interest in non-sovereign assets like Bitcoin Cash. These tensions have targeted high-tech sectors and raised concerns over global supply chains, leading to a shift in capital towards mid-cap majors, including BCH.

The Federal Reserve's hawkish stance, with rates held at 4.25%-4.50% and further quantitative tightening signaled, has also contributed to the market's 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.