Market Overview for Bitcoin Cash/Tether

Summary
• Price advanced 2.1% from $592.9 to $600.3 amid a late surge toward $608.5.
• Volatility expanded sharply in early hours, with a 16.5% range between $586.8 and $611.8.
• RSI rose above 60, suggesting bullish momentum, but no overbought territory was reached.
• Volume surged to $2.6 million in the 3:15–3:30 AM ET window, coinciding with a sharp break higher.

Bitcoin Cash/Tether (BCHUSDT) opened at $592.9 at 12:00 ET − 1 and closed at $600.3 by 12:00 ET on 2025-12-26. The pair traded between $586.8 and $611.8, with a total volume of 25,480.34 BCH and a notional turnover of $15,267,233.29 over the period.

Structure & Formations

The 24-hour chart for BCHUSDT revealed a strong bullish reversal pattern beginning at 3:15 AM ET, when price broke above a prior high of $597.3 and pushed to $608.5. A key support level was identified near $590.0, where the pair found a floor and rebounded sharply. Multiple bullish engulfing patterns emerged after 2:30 AM ET, suggesting growing buying pressure. No clear bearish reversal signals appeared during the session.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages showed a bullish crossover at 3:30 AM ET, confirming the upward shift in momentum. On the daily chart, the 50-period MA was below the 200-period MA, indicating a longer-term bearish bias but with short-term strength.

Momentum Indicators

The MACD line crossed above the signal line around 3:15 AM ET, aligning with the breakout. RSI climbed to 62 by the close of the session, signaling moderate bullish momentum but not yet overbought. No significant divergence between price and RSI was observed.

Volatility & Bollinger Bands

Bollinger Bands widened significantly between 3:00 AM and 5:00 AM ET, as price surged from $597.3 to $610.2. The 20-period upper band reached $611.8, while the lower band sat at $594.5. Price spent much of the session near the upper band, indicating a strong continuation of the bullish trend.

Volume & Turnover

Volume spiked to 4,290.945 BCH at 3:15 AM ET, as the pair broke through key resistance. Turnover during that period totaled $2,606,074.35, nearly 17% of the 24-hour total. Volume and price aligned well during the breakout, suggesting genuine buying interest.

Fibonacci Retracements

Recent 5-minute swings showed price reaching the 61.8% Fibonacci level at $605.9 before pulling back slightly. On the daily chart, the 38.2% retracement level at $596.8 acted as a support before the breakout. This suggests that buyers were testing retracement levels before pushing higher.

The market appears to be consolidating near $600–$605 as of the final candle, having completed a significant short-term rally. A continuation above $610 could signal a new wave of bullish momentum. Investors should monitor for a potential pullback to test the $590–$595 support zone, which may offer entry points if the trend holds.

Risk remains on the downside if volume weakens and price fails to hold above $595–$597, which could trigger a retest of the $586.8 low.