Bitcoin News Today: Bitcoin Cash Rises on Retail Bullishness, Nears $600 Breakout Threshold

Bitcoin Cash (BCH) is gaining traction in December 2025, with the cryptocurrency trading at $567.90 as it approaches critical technical levels. Analysts highlight a mixed but cautiously optimistic market environment, with bullish forecasts targeting a $600+ breakout. Recent price action shows a 1.66% decline, but the broader trend remains intact, supported by key moving averages and strong retail interest according to recent data.

Open Interest in BCH derivatives has surged to a six-month high, signaling heightened speculative activity. The growing optimism is further reflected in the MACD and RSI indicators, which show improving momentum despite conflicting signals as research shows. Traders and investors are closely monitoring the $582 resistance level, as a breakout could accelerate the price toward $625 and beyond.

BCH's current positioning within Bollinger Bands suggests a compelling technical case for upward movement.

The cryptocurrency sits at 0.5541 within the bands, with the upper boundary at $607.50. This technical setup aligns with several analyst predictions, including Changelly's $606.42 target and CoinLore's $571.22 forecast according to market analysis. The consensus among major analysts appears to favor a bullish continuation, though caution is warranted around key resistance levels.

Why the Bullish Momentum?

BCH has demonstrated strong technical underpinnings that support the bullish scenario. The cryptocurrency is trading above its SMA 20 at $563.10, with the SMA 7 ($574.27) and EMA 12 ($569.64) also providing positive reinforcement. These indicators suggest a healthy short-term trend, despite the recent pullback according to technical analysis.

Retail traders are playing a pivotal role in the current rally. Derivatives data shows a significant increase in Open Interest, with the BCH futures OI hitting $761.48 million. This surge in capital exposure indicates growing confidence in the market's ability to push beyond the $600 threshold. Additionally, the positive shift in the OI-weighted funding rate—from -0.154% to 0.0016%-highlights renewed bullish sentiment.

The Bollinger Bands analysis further strengthens the case for a breakout. With the price positioned close to the upper band at $607.50, traders are on high alert for a potential move that could extend to $624, the 52-week high according to technical indicators. If successful, this would validate the bullish thesis and open the door for even higher targets.

Risks to the Outlook

Despite the strong technical setup, several risks remain for Bitcoin Cash. A breakdown below the $554 support level could invalidate the short-term bullish structure and trigger a deeper correction toward $508 as per market analysis. The MACD histogram shows bearish divergence, and if the RSI breaks below 50, the technical outlook could shift toward caution.

Volume analysis presents another layer of risk. While the 24-hour trading volume on Binance stands at $14.3 million, indicating robust participation, this level must be sustained to confirm a lasting bullish move. A sharp drop in volume could signal weakening conviction among traders, especially if the price fails to hold above $582.

Longer-term bearish scenarios involve a break below $508, which would represent a major technical failure. This could initiate a steep correction toward the $446 support level, particularly if broader cryptocurrency sentiment deteriorates. Investors are advised to closely watch for signs of momentum improvement, especially in the next 48–72 hours.

What This Means for Investors

Investors considering BCH as part of their portfolio should adopt a layered entry strategy. Initial positions can be established around $567–$570, with additional entries planned on dips toward the $560 support. Aggressive traders might look for a breakout above $582, targeting the $600–$606 zone with a stop-loss below $554 as market data shows.

Conservative investors are advised to wait for a successful retest of the $600 level as support before committing capital. This approach reduces risk but may cause traders to miss the initial move if the breakout occurs swiftly. Position sizing should account for the $31.28 Average True Range, which indicates significant volatility.

For those with a longer-term view, Bitcoin Cash offers intriguing potential. Analysts project a $650 target within two weeks, with the $607.40 resistance level acting as a gateway to higher price targets according to market forecasts. If BCH continues its upward trajectory, the $750–$800 range and even $1,000 could come into play, particularly if broader market conditions remain favorable as projected by experts.

In summary, Bitcoin Cash is at a pivotal moment as it approaches key technical levels and retail interest intensifies. The confluence of bullish indicators and strong price action suggests a possible breakout within days. However, traders must remain vigilant about the risks, particularly around support levels and diverging momentum signals. The coming days will likely determine whether BCH can sustain its rally or face a significant correction. Investors are advised to approach this opportunity with a well-defined strategy and risk management plan.