Bitcoin Cash (BCH) surged to $480.10 on Tuesday, posting a 3.15% daily gain as its 24-hour trading volume jumped 21.98% above the 30-day average. While the broader crypto market faced pressure from macroeconomic tensions, BCH stood out for its strength and momentum.
BCH Defies the Broader Downtrend
As Bitcoin and Ethereum struggled under geopolitical uncertainty and declining sentiment, BCH bucked the trend with a decisive move upward. The asset rebounded from a session low near $454, after finding solid support at the $455–$458 zone. The upward push was confirmed by sustained buy-side activity, especially during peak U.S. market hours.
Volume spikes between 08:00 and 12:20 UTC suggest institutional or large-scale trader interest. The final breakout from $462.75 to $468.77, followed by continuation to $480.10, highlighted strong accumulation and momentum.
Trading Activity Confirms Bullish Interest
The sharp 22% increase in trading volume signals that traders are stepping in to capitalize on BCH’s short-term volatility. With multiple spikes in buyer volume, especially notable orders at 11:27 (1,314 units), 12:15 (718 units), and 12:20–12:21 (3,600+ units), the rally was supported by real-time demand and not just speculative noise.
Despite the total crypto market cap declining 3.5%, BCH remained resilient, reclaiming lost ground and ending the day near its high.
Technical Analysis Snapshot
- 24-hour range: $454.16 to $480.10
- Support zone: $455–$458
- Short-term resistance broken: $468
- Trend pattern: Higher highs and higher lows
- Momentum driver: Above-average volume and buy-side strength
This bullish structure suggests that BCH may be setting up for continued upside if broader market conditions stabilize.
What’s Next for BCH?
With strong support levels now formed and volume confirming the uptrend, BCH enters the next session with positive momentum. Short-term traders may look for consolidation above $470, while bulls aim for a clean breakout toward $500 resistance.
As global economic uncertainty persists, Bitcoin Cash’s technical strength and rising participation could make it one of the more attractive large-cap altcoins in the near term.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.