Why did the price of BCH go up?

Bitcoin Cash (BCH) increased by 2.94% over the past 24 hours, reaching $556.56, outperforming the overall cryptocurrency market, which rose 1.97%. This gain was driven by recent positive technical signals, large investor (whale) buying, and renewed interest sparked by debates around Bitcoin’s transaction censorship.

1. Technical Breakout – BCH surpassed important resistance levels, showing bullish chart patterns.
2. Whale Activity – Large BCH transactions jumped 122%, indicating accumulation.
3. Bitcoin Hard Fork Debate – Discussions about Bitcoin’s potential censorship boosted BCH’s reputation as “uncensorable” digital cash.

Deep Dive

1. Technical Momentum (Positive Signal)

Overview: BCH moved above its 7-day simple moving average (SMA) of $552.33 and tested a key Fibonacci retracement level at $602.64, with trading volume increasing by 27.9% to $340 million. The Relative Strength Index (RSI) rose to 43.72, moving out of oversold territory, which suggests growing buying interest.

What this means: Traders often see a move above $550 as a sign that BCH’s price trend is reversing upward. Holding above the 23.6% Fibonacci level at $620.88 adds to this bullish outlook. Such breakouts can trigger automated buying and force short sellers to cover their positions, pushing prices higher.

What to watch: If BCH can stay above $572 (the next Fibonacci resistance), it could aim for $607. However, if it falls below $550, a pullback toward the 200-day exponential moving average (EMA) at $500.10 is possible.

2. Whale Accumulation (Mixed Signals)

Overview: According to IntoTheBlock, large BCH transactions over $100,000 surged by 122% on September 28, totaling 957,440 BCH (about $482 million), the highest level since July 2025 (IntoTheBlock).

What this means: Big investors, or whales, may be positioning themselves ahead of the fourth quarter. However, this activity could also represent profit-taking near resistance levels. Historically, such spikes have preceded both strong rallies (like the 75% increase in May 2025) and corrections (a 15% drop in June 2025).

3. Bitcoin Governance Debate (Positive for BCH)

Overview: Rumors about a Bitcoin hard fork that could allow transaction censorship (Yahoo Finance) have renewed interest in BCH’s original goal as “uncensorable cash.”

What this means: BCH is gaining attention as a potential alternative to Bitcoin, especially for those concerned about Bitcoin becoming more centralized. However, the hard fork remains speculative, and BCH’s 24-hour trading volume of $340 million is much smaller compared to Bitcoin’s $35 billion, which limits BCH’s potential for sustained gains.

Conclusion

Bitcoin Cash’s recent price increase is driven by a mix of technical factors, large investor moves, and ideological support amid ongoing debates about Bitcoin’s future. While the 24-hour gain is significant, BCH’s price is still 64% below its 2025 peak of $1,645, and network activity remains subdued following recent upgrades.

Key point to watch: Will BCH maintain its price above $550 during the September 29 U.S. trading session? If it fails, profit-taking could accelerate.

What could affect the price of BCH?

Bitcoin Cash (BCH) shows promising technical signs but faces challenges from regulations and competition.

1. Whale Activity & Derivatives – Large transactions totaling $482 million in July 2025 suggest potential price swings.
2. Velma Hard Fork Upgrade – New smart contract features could encourage more decentralized finance (DeFi) projects.
3. Bitcoin Fork Discussions – Debates around Bitcoin censorship might boost BCH’s image as “uncensored cash.”

Deep Dive

1. Whale Activity & Derivatives (Mixed Impact)

What happened: On July 4, 2025, BCH saw a 122% increase in large transactions over $100,000, totaling $482 million (IntoTheBlock). At the same time, interest in BCH derivatives (financial contracts based on BCH) rose 27% to $578 million. However, average transaction sizes later dropped by 90%, indicating that some traders might be stepping back.

What it means: Big investors, often called “whales,” can cause quick price jumps but also increase the risk of sudden sell-offs. For example, a $2.33 million leveraged bet on BCH could lead to a chain reaction of selling if prices fall by 10%.

2. Velma Hard Fork Upgrades (Positive Outlook)

What happened: In May 2025, BCH implemented the Velma upgrade, adding features like VM Limits and BigInt CHIPs that allow for more advanced smart contracts. There are also plans to reduce block times from 10 minutes to 2 minutes, aiming to compete with faster blockchains like Solana.

What it means: These improvements could attract developers to build DeFi applications on BCH, potentially drawing users and funds away from platforms like Ethereum and Bitcoin. For context, Ethereum’s London upgrade in 2021 led to a 35% price increase before it was fully rolled out.

3. Bitcoin Fork Fallout (Mixed Impact)

What happened: Rumors of Bitcoin hard forks, such as Luke Dashjr’s proposal for censorship resistance, remind the community of the 2017 BCH split. After that split, BCH’s price rose 300% over three months.

What it means: Ongoing debates about Bitcoin’s governance might make BCH more appealing as a “pure” alternative. On the flip side, another Bitcoin fork could divide attention and reduce liquidity across both coins.

Conclusion

BCH’s future depends on managing price swings caused by large investors while gaining real-world use through its technical upgrades. The price range between $520 and $572 is key: closing above $600 weekly could signal a rise toward $800, while dropping below $500 might lead to a fall to $440. Keep an eye on the Electronic Cash Conference in October 2025, where new developer updates could confirm or challenge the benefits of the Velma upgrade.

Will BCH’s new DeFi features help it move beyond being seen as “just a payments coin”?

What are people saying about BCH?

The conversation around Bitcoin Cash (BCH) is divided between those expecting a strong price surge and others worried about a potential pullback. Here’s what’s making headlines:

1. $572 resistance level: A critical price point for buyers to overcome
2. Long-term trends: A possible 7-year breakout versus a downward trend channel
3. ETF news: Grayscale has filed for a Bitcoin Cash ETF, sparking interest from institutional investors

In-Depth Look

1. @VipRoseTr: Bullish Macro Pattern

“BCH breaking 2-year falling channel – targets $776→$1,157”
– @VipRoseTr (12K followers · 28K impressions · 2025-09-05 21:45 UTC)
View original post
What this means: Some technical analysts believe Bitcoin Cash is completing a long-term bullish pattern called a “cup-and-handle.” If this pattern plays out, BCH could potentially rise by over 100% from current levels.

2. CCN: Bearish Elliott Wave Outlook

“ABC correction could drag BCH to $490 by October”
– CCN (2025-09-10 09:17 UTC)
View analysis
What this means: Other analysts using Elliott Wave theory suggest BCH might face a price drop of about 12% if it falls below the $520 support level, which could undo recent gains.

3. Grayscale: ETF Filing Sparks Optimism

“Grayscale applies for BCH ETF alongside HBAR, LTC”
– @BTCHabercom (2025-09-10 07:37 UTC)
View tweet
What this means: Grayscale’s move to create an ETF for Bitcoin Cash could boost its reputation among institutional investors. However, it’s still uncertain whether regulators will approve the ETF.

Conclusion

The outlook for Bitcoin Cash is mixed. Some traders are optimistic about a major breakout, while others are cautious due to weakening momentum on the blockchain. The $572 resistance level remains a key price to watch. Additionally, keep an eye on the Altcoin Season Index, which has risen 17.54% this month—if it stays above 75, it might indicate more investment flowing into mid-sized cryptocurrencies like BCH.

What is the latest news about BCH?

Bitcoin Cash is currently dealing with technical debates and market ups and downs as discussions about the unchangeable nature of blockchains heat up. Here are the key updates:

1. Hard Fork Proposal Sparks Debate (September 28, 2025) – A rumored plan by a Bitcoin developer to censor blockchain data has raised concerns about central control.
2. Social Sentiment Drives Volatility (September 20, 2025) – Bitcoin Cash (BCH) dropped 6.7% after social media hype reached a peak.

Deep Dive

1. Hard Fork Proposal Sparks Debate (September 28, 2025)

Overview
Bitcoin developer Luke Dashjr reportedly considered a hard fork—a significant change to the blockchain’s rules—that would allow certain “illicit data” to be removed from the blockchain using advanced cryptography called zero-knowledge proofs (ZKPs). This change would let a special committee alter past blockchain data while keeping transactions valid. This idea goes against Bitcoin Cash’s core principle that blockchain data should never be changed once recorded. Blockstream CEO Adam Back confirmed these discussions but warned against using technology for censorship. Dashjr denied that this plan was accurate.

What this means
This news is generally negative for Bitcoin Cash because it could break community trust and bring back worries about central control, similar to what happened during Bitcoin’s split in 2017. On the other hand, rejecting this kind of proposal could strengthen Bitcoin Cash’s reputation for decentralization, which is a key advantage. (Yahoo Finance)

2. Social Sentiment Drives Volatility (September 20, 2025)

Overview
Bitcoin Cash’s price fell 6.7% to $605 after the analytics platform Santiment noted very high positive sentiment on social media, which often signals a price drop is coming. Before this, when sentiment was very low, BCH’s price rose to $650, the highest in 17 months.

What this means
This shows that Bitcoin Cash’s price is heavily influenced by retail investors reacting to social media hype. Traders should watch sentiment indicators like Santiment’s ratio to spot possible price reversals. However, on-chain data, such as the number of daily active addresses being at a six-year low, suggests that much of the recent price action is driven by speculation rather than strong network use. (NewsBTC)

Conclusion

Bitcoin Cash is facing two main challenges: debates about how its blockchain should be governed and unpredictable price swings driven by social media. The hard fork controversy highlights Bitcoin Cash’s commitment to decentralization, while the price volatility shows how sensitive it is to online hype. The big question is whether the BCH community will stick to its core principles or adjust to new regulatory and technical pressures.

What is expected in the development of BCH?

Bitcoin Cash is moving forward with key updates:

1. Advanced Smart Contracts (2025–2026) – Adding new features like OP_EVAL and Pay-to-Script (P2S) to support more complex decentralized finance (DeFi) applications and cross-chain use.
2. Block Time Reduction Proposal (2026) – Considering cutting block times from 10 minutes to 2 minutes to speed up transactions.
3. Electronic Cash Conference 2025 (October 2025) – A major event highlighting improvements in Bitcoin Script and the growing Bitcoin Cash ecosystem.

Deep Dive

1. Advanced Smart Contracts (2025–2026)

Overview:
After upgrades in May 2025 that improved the virtual machine and introduced BigInt support, Bitcoin Cash plans to add OP_EVAL and Pay-to-Script (P2S). These features will allow developers to create more advanced smart contracts, enabling things like decentralized exchanges and lending platforms. They also aim to improve how Bitcoin Cash interacts with other blockchains (Levex).

What this means:
This is a positive sign for Bitcoin Cash because better smart contract capabilities can attract more developers and users, increasing the coin’s usefulness. However, delays or strong competition from platforms like Ethereum or Solana could slow growth.

2. Block Time Reduction Proposal (2026)

Overview:
Developers are exploring the idea of reducing the time it takes to add a new block to the blockchain from 10 minutes down to 2 minutes. This change would make Bitcoin Cash transactions faster and closer to the speed of traditional payment systems like Visa. The proposal is still being tested and discussed.

What this means:
This could be good for Bitcoin Cash by making it more practical for everyday payments. But there are risks, such as the possibility of making the network less decentralized or stable if the change isn’t carefully managed.

3. Electronic Cash Conference 2025 (October 2025)

Overview:
The upcoming conference in Barcelona will feature talks from developers like Mathieu Geukens on topics such as “Unlocking Bitcoin Script”, which focuses on making transactions more efficient and scalable. The event might also announce new partnerships or tools for CashTokens (eCash).

What this means:
This event could boost confidence in Bitcoin Cash if it leads to new technical plans or collaborations. On the other hand, if no significant progress is shown, it might hurt community enthusiasm.

Conclusion

Bitcoin Cash is focusing on improving smart contracts and speeding up payments to strengthen its role in decentralized finance and daily transactions. While these upgrades could help increase adoption, challenges like execution risks and competition remain. The key question is how Bitcoin Cash will balance innovation with keeping the network secure and stable as it grows.

What updates are there in the BCH code base?

Bitcoin Cash's software received major upgrades and performance boosts in 2025.

1. VM Limits & BigInt Activation (May 15, 2025) – Enabled more powerful smart contracts with over 100 times the computing power.
2. Bitcoin Cash Node v28.0.0 Release (Q2 2025) – Required update for May network changes; dropped support for older 32-bit systems.
3. Performance Patch v28.0.1 (Q3 2025) – Improved block processing speed and reduced startup times for nodes.

Deep Dive

1. VM Limits & BigInt Activation (May 15, 2025)

What happened: Two key upgrades (CHIP-2021-05 and CHIP-2024-07) were activated to expand Bitcoin Cash’s smart contract abilities.

• VM Limits: Increased the amount of computing resources available for running scripts by 19 times (up to 10,000 bytes), while making the worst-case processing time 50% faster.
• BigInt: Added support for very large numbers (up to 80,000 bits), which helps with complex financial calculations and security features.

Why it matters: This upgrade makes Bitcoin Cash more capable of running advanced decentralized finance (DeFi) applications, like decentralized exchanges, and allows it to work better with other blockchains. All this is done while keeping transaction fees very low—under one cent. (Source)

2. Bitcoin Cash Node v28.0.0 Release (Q2 2025)

What happened: A major update to the Bitcoin Cash software was released to prepare for the May 2025 network changes.

• Support for 32-bit operating systems was dropped to focus on better scalability.
• Added NAT-PMP port mapping to improve how nodes connect to each other.
• Improved remote procedure call (RPC) tools (getindexinfo) to better track blockchain synchronization.

Why it matters: These changes allow nodes to handle much larger blocks (up to 2GB), which helps the network grow and stay reliable for miners and businesses. (Source)

3. Performance Patch v28.0.1 (Q3 2025)

What happened: After the big upgrade, this patch improved node performance.

• Downloading blocks in parallel reduced the time it takes for new blocks to spread across the network by 30%.
• Simplified startup checks made nodes start faster, especially on older hard drives.
• Fixed memory leaks during transaction processing to improve stability.

Why it matters: These improvements mean users experience faster syncing and more responsive nodes, which is especially important for mining pools and cryptocurrency exchanges. (Source)

Conclusion

The 2025 upgrades make Bitcoin Cash a stronger platform for smart contracts with enterprise-level performance. The VM Limits and BigInt features open the door to new applications, while ongoing improvements like the v28.0.1 patch keep the network scalable and efficient. With developers focusing on tools for token creation, Bitcoin Cash could be closing the gap with Ethereum’s ecosystem soon.