Bitcoin News Today: Bitcoin Cash (BCH) Rises 0.14% on 66.74% Volume Surge Amid $600 Resistance

Bitcoin Cash (BCH) has shown resilience in maintaining an uptrend amid challenges near the $600 resistance level. On July 28, 2025, BCH traded at $589.70, with intraday highs reaching $595.10 and lows at $588.20, according to OKX data. The price has remained above key technical levels, including the 9-day exponential moving average (EMA) at $552.40 and the 50-day simple moving average (SMA) at $494.40. This suggests the bullish trend remains structurally intact despite periodic volatility [1].

Price action revealed a rejection at the $605 level, with intraday volume spiking to 4.27K BCH. The relative strength index (RSI) and moving average convergence divergence (MACD) indicators hinted at potential recovery after the price dipped below the critical $580 support level. CoinMarketCap reported a 0.14% daily gain to $583.99, though the $580–$582 range remains a near-term support cluster [2]. The 24-hour trading volume surged by 66.74% to $918.5 million, elevating the volume-to-market cap ratio to 7.9%, signaling short-term speculative interest [3].

The asset’s trajectory reflects a V-shaped recovery since February 2025, following a long-term downtrend that began in November 2024. A dynamic support trendline has reinforced the upward structure, with higher highs and higher lows observed since the recovery began. Analysts note that while the $600–$605 range acts as a psychological barrier, a sustained break above this level could trigger tests of the $640 target, contingent on sufficient volume [4]. Conversely, a pullback below $580 could see the price retesting the $552–$560 support cluster, aligned with the 50-day SMA [5].

Price forecasts vary among industry observers. A July 12 report by XT.com projected a potential surge to $1,509 if BCH breaches $600 resistance, while a July 28 analysis by Bitget estimated a 31.68% price increase for 2025, targeting $571.26 by year-end [6]. These divergent forecasts highlight market uncertainty, particularly as on-chain data reveals mixed signals: while volume has spiked, intraday fluctuations underscore lingering volatility.

The broader macroeconomic context may indirectly influence BCH’s trajectory. The U.S. Dollar Index’s consolidation above key resistance levels since July 1 has coincided with BCH’s rally, suggesting improved global liquidity conditions could support risk-on assets [7]. However, the correlation remains unquantified in the provided data. BCH’s performance has outpaced other altcoins, with the price holding above $520 despite mid-July concerns over exchange security [8].

Market participants remain divided on the sustainability of BCH’s rally. Proponents emphasize its role in blockchain scalability and adoption, while skeptics caution against overreliance on short-term price targets. The absence of regulatory updates or major network upgrades in the cited period further complicates near-term outlooks. Investors are advised to monitor on-chain activity and broader market sentiment as the $600 level is repeatedly tested.

Source:

[1] [Bitcoin Cash Price Prediction: BCH Breaks $600 Eyes a 150 Price Explosion](https://www.xt.com/en/blog/post/bitcoin-cash-price-prediction-bch-breaks-600-eyesa-150-price-explosion)

[2] [Bitcoin Cash Surges Past $580 as Analysts Predict Breakout Toward $620–$680 Range](https://cryptoadventure.com/bitcoin-cash-surges-past-580-as-analysts-predict-breakout-toward-620-680-range)

[3] [Bitcoin Cash (BCH) Price Prediction](https://www.bitget.com/price/bitcoin-cash/price-prediction)

[4] [Bitcoin Cash (BCH) Holds Above $520 Despite Exchange Hack Fears](https://blockchain.news/Profile/Luisa-Crawford)

[5] [US Dollar Bottom Confirmed: What Comes Next for Precious Metals](https://www.investing.com/analysis/us-dollar-bottom-confirmed-what-comes-next-for-precious-metals-200664447)