Bitcoin News Today: Institutional Validation Drives Bitcoin Cash's $550 Breakout

Bitcoin Cash (BCH) surged past $550 in early October 2025, driven by a 328% spike in trading volume that signaled strong institutional and retail participation. The cryptocurrency climbed 2.6% to $554.52, breaking through key resistance levels after a 130,078-unit volume burst at 1 a.m. UTC, according to a CoinDesk report. This move confirmed an uptrend structure, with technical indicators pointing to a consolidation band between $553 and $556 as traders tested the sustainability of the new support zone; CoinDesk noted that the rally built on higher lows from $528.55 and $534.36, reinforcing a bullish trendline from October 30.

The breakout was further validated by weekly performance metrics, with BCH gaining 4.8% against the dollar in the same period that Bitcoin (BTC) declined 1.2%. A subsequent pullback to $553.58 in the following hours demonstrated the market's cautious optimism, as buyers defended the level to prevent a reversal. Analysts at CoinGlass highlighted a 13.8% increase in BCH futures open interest to $382.96 million, signaling growing speculative positioning in an FXStreet piece. Meanwhile, the OI-weighted funding rate turned positive at 0.0007%, indicating longs were paying shorts to hold positions—an historical precursor to price rallies noted in an FXStreet forecast.

Technical analysts emphasized critical price levels for BCH. Immediate support sits at $553.50, with a retest of the former resistance-turned-support at $547 on watch. On the upside, $558.25—a prior high—emerged as the next key threshold. A breakout above this level could trigger a move toward $615, a target cited by multiple models in a CoinPedia analysis. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) also showed bullish momentum, with RSI at 59 and MACD crossing into positive territory, as FXStreet's coverage indicated.

Volume dynamics underscored the strength of the rally. The 130,078-unit candle at 1 a.m. UTC represented a 328% surge above average, while 24-hour trading volume spiked 65% to $774.45 million, according to CoinPedia's reporting. This outperformance coincided with reduced fears of a $4 billion Bitcoin and BCH sale from the Mt. Gox case, which was delayed until 2026, and institutional validation also played a role, with T. Rowe Price's inclusion of BCH in a crypto ETF filing cited as a catalyst by CoinPedia.

Market sentiment contrasted with broader crypto trends. While BCH's short-term outlook remains constructive, other assets like XRP and TRON faced mixed signals. XRP tested $2.51 in a descending triangle pattern, with bulls targeting a $3.00–$3.20 breakout ahead of the ETF window in a Benzinga report. TRON (TRX) rose 2.06% but lacked the presale-driven upside of emerging projects like BlockchainFX (BFX), which offered daily rewards and 100x ROI potential in a Cryptopolitan article.

Looking ahead, BCH's trajectory hinges on sustained volume and resistance breaks. A close above $565.1 could extend the rally toward $651, aligning with the 78.6% Fibonacci retracement level noted by FXStreet. However, a drop below $542—a key support—could trigger profit-taking and retest the 200-day EMA at $531, as earlier FXStreet coverage warned. Analysts caution that while on-chain data remains neutral, the futures market's bullish bias suggests continued optimism.