Why did the price of BCH go up?

Bitcoin Cash (BCH) increased by 3.64% over the past 24 hours, reaching $480.11. This rise contrasts with its recent downward trends over the past week (-11.1%) and month (-20.55%). The price boost aligns with a broader recovery in the cryptocurrency market, which grew by 3.76%, but BCH’s movement is also influenced by specific technical factors and market sentiment.

1. Technical Breakout Signs – BCH regained important Fibonacci levels and shows early signs of a bullish trend.
2. Market Recovery – The Crypto Fear & Greed Index improved slightly, indicating a bit more confidence among investors.
3. Oversold Bounce – The Relative Strength Index (RSI) suggested BCH was undervalued and due for a rebound.

Deep Dive

1. Technical Rebound (Positive Signal)

Overview: BCH bounced back from oversold conditions, with the RSI at 32.53 (values below 30 often indicate oversold). It stayed above a key price level called the pivot point at $469.57. Traders noticed a bullish pattern where prices made higher lows while the RSI also trended upward, signaling potential strength.

What this means: This suggests sellers may be losing momentum, and a trend reversal could be starting. Trading volume increased by 26.4% to $378.5 million, showing strong buying interest, especially near the recent low of $454.59. If BCH closes above the 23.6% Fibonacci retracement level at $577.32, it could aim for $500.

Watch: Keep an eye on whether BCH can stay above $485, which is the 200-day Exponential Moving Average (EMA), a key indicator of momentum.

2. Broader Market Lift (Mixed Effects)

Overview: The overall cryptocurrency market cap rose by 3.76% to $3.77 trillion, helped by Bitcoin’s partial recovery from $103,500 to $106,000. BCH usually follows Bitcoin’s trends but often lags behind.

What this means: Although BCH’s weekly gain was less than Bitcoin’s 3.9%, its price tends to move in line with Bitcoin (correlation of 0.78 over 90 days). Stability in Bitcoin can ease pressure on alternative coins like BCH. However, the Altcoin Season Index still favors Bitcoin (score: 25), meaning altcoins like BCH may struggle to sustain strong rallies.

3. Sentiment Shift (Neutral)

Overview: Social media discussions have pointed to BCH potentially breaking out of a long-term wedge pattern (ColinTCrypto), but on-chain activity, such as daily active users, remains low.

What this means: While retail investors are showing more interest, the actual network usage hasn’t increased significantly. This suggests cautious optimism rather than a strong, adoption-driven growth.

Conclusion

BCH’s recent price increase is mainly driven by technical buying and a temporary boost in overall market sentiment. However, the longer-term downtrend of over 20% monthly loss is still in place. Traders are testing important resistance levels, but for a sustained recovery, Bitcoin needs to hold above $105,000 and BCH must break through the $500 mark.

Key watch: Will BCH close above its 200-day EMA at $483.98 to signal a potential end to the downtrend?

What could affect the price of BCH?

Bitcoin Cash is facing a mix of technology improvements and market challenges.

1. Protocol Upgrades – Smart contract improvements coming in May 2025 could boost decentralized finance (DeFi) opportunities.
2. ETF Prospects – Grayscale’s pending Bitcoin Cash ETF application with the SEC might bring in institutional investors.
3. Mt. Gox Overhang – Final repayments to Mt. Gox creditors by October 31, 2025, could lead to selling pressure.

Deep Dive

1. Protocol Upgrades (Positive Outlook)

Overview: In May 2025, Bitcoin Cash will undergo a major update (hard fork) that introduces VM Limits and BigInt features. These upgrades significantly increase the smart contract capabilities—allowing over 100 times more computation and handling larger numbers (up to 10,000 bytes). The goal is to compete with Ethereum in areas like DeFi and cross-chain compatibility (Levex).

What this means: These improvements could attract developers to build applications such as stablecoins, lending platforms, and NFTs on Bitcoin Cash. A similar upgrade in 2023 (CashTokens) led to a 40% price increase within two months.

2. Regulatory & Product Catalysts (Mixed Impact)

Overview: Grayscale has filed for a Bitcoin Cash ETF expected in September 2025, following its success with a Bitcoin ETF. However, Tether stopped supporting USDT on Bitcoin Cash’s SLP chain as of September 1, 2025, which reduces liquidity (The Block).

What this means: If the ETF is approved, it could bring in over $500 million in new investments, based on similar Litecoin ETF inflows. On the downside, Tether’s exit may split stablecoin usage, and Bitcoin Cash’s daily trading volume ($373 million) is still 60% below its July 2025 peak.

3. Macro Liquidity Risks (Negative Outlook)

Overview: Mt. Gox trustees are holding 34,689 BCH (worth about $16.6 million) to be distributed to creditors by October 31, 2025. Creditors might sell some of these coins, which could cause price drops similar to the 10% dip seen in 2024 during earlier repayments (Cointelegraph).

What this means: Even if only 20% of these coins are sold, that would mean about 6,938 BCH ($3.3 million) sold daily—roughly 8.8% of current trading volume. Combined with Bitcoin’s typical “Red September” seasonal declines (averaging -3.77% since 2013), there are clear short-term risks.

Conclusion

Bitcoin Cash’s future depends on balancing its technological progress with potential market pressures from large sell-offs. The $460–$520 price range (current Fibonacci support) is key to watch for a possible rebound in the fourth quarter. Keep an eye on the October 31 Mt. Gox deadline and SEC’s response to the ETF application—these events will show if institutional demand can offset selling pressure from legacy holders.

What are people saying about BCH?

Bitcoin Cash (BCH) traders are weighing hopes for a breakout against strong resistance levels. Here's the quick summary:

1. Big breakout target at $1,157 – if BCH breaks out of a 2-year downtrend
2. Neutral technical signals around $471 resistance – BCH is in a “consolidation phase”
3. Grayscale’s ETF filing boosts hopes for institutional interest
4. Could BCH outperform Bitcoin? Traders watch for a BCH/BTC golden cross
5. Bearish warning signs suggest a possible drop to $490

In-Depth Look

1. @VipRoseTr: Big breakout target above $1,157 – bullish outlook

“Breaking a 2-year falling channel – cup and handle pattern points to $776 → $1,157 potential”
– @VipRoseTr (32.1K followers · 189K impressions · 2025-09-05 21:45 UTC)
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What this means: This is a positive sign for BCH. Technical analysts see a long-term pattern that could push prices higher, but BCH needs to hold above $572 to keep this momentum going.

2. @PunkChainer: Neutral signals near $471 resistance

“Resistance at $471.17, Fibonacci levels up to $508.40. Currently consolidating at these levels”
– @PunkChainer (18.4K followers · 47K impressions · 2025-10-19 02:10 UTC)
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What this means: BCH is facing resistance around $471 and is currently stabilizing. It needs stronger trading volume to confirm which direction it will move next.

3. @BTCHabercom: Grayscale files for BCH ETF – a potential boost

“Grayscale submits ETF applications for BCH, LTC, HBAR to SEC”
– @BTCHabercom (89K followers · 312K impressions · 2025-09-10 07:37 UTC)
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What this means: If approved, this ETF could bring more institutional investors to BCH, which is a positive sign. However, the SEC remains cautious about cryptocurrencies, so approval is not guaranteed.

4. @ColinTCrypto: BCH/BTC golden cross hints at BCH strength

“BCH/BTC bottomed out – reclaiming a 7-year wedge suggests strong upside”
– @ColinTCrypto (127K followers · 2.1M impressions · 2025-06-28 00:11 UTC)
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What this means: This is a bullish sign for BCH compared to Bitcoin if BCH stays above 0.0049 BTC (about $625). However, overall network activity is still low.

5. CCN Analysis: Bearish signals warn of possible price drop

“Weekly RSI divergence suggests a potential drop to $490 support”
– CCN (4.2M monthly readers · 2025-09-10 09:17 UTC)
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What this means: This is a warning sign. The price isn’t showing strong momentum, and if BCH falls below $520, the bullish outlook could be invalidated.

Conclusion

The outlook for Bitcoin Cash is mixed. There’s optimism from technical patterns and ETF news, but momentum is weakening and regulatory uncertainty remains. Network activity is at a 6-year low, and bearish signals suggest caution. Watch the $572 resistance level closely—a clear break above could confirm bullish targets, while failure might lead to a retest of support near $460. Also, keep an eye on SEC decisions about ETFs and Bitcoin’s market dominance trends.

What is the latest news about BCH?

Bitcoin Cash is moving forward with important technical updates while facing some market challenges. Here’s the latest:

1. Velma Upgrade Activated (May 15, 2025) – Smart contract features improved.
2. Mt. Gox Repayments Deadline Approaching (October 31, 2025) – $3.9 billion in BCH involved.
3. BCH Approaches $471 Resistance Level (October 19, 2025) – Market momentum is building.

In-Depth Look

1. Velma Upgrade Activated (May 15, 2025)

What happened:
Bitcoin Cash launched the Velma upgrade, which includes VM Limits and BigInt improvements. These changes allow smart contracts to use 100 times more computing power and handle very precise calculations. This upgrade helps BCH compete with Ethereum in areas like decentralized finance (DeFi) and cross-chain applications.

Why it matters:
This is good news for Bitcoin Cash because it expands its uses beyond just payments. Developers can now create more advanced financial tools and lending platforms on BCH. However, current usage data, like the number of active users, is still low, indicating that excitement might be ahead of actual adoption.
(Levex)

2. Mt. Gox Repayments Deadline Approaching (October 31, 2025)

What happened:
Mt. Gox, a former cryptocurrency exchange, holds about 34,689 BCH worth roughly $3.9 billion. The deadline for repaying creditors is October 31, 2025. Since March 2025, the trustee Nobuaki Kobayashi has been moving these funds, signaling final steps before repayment.

Why it matters:
This situation is somewhat neutral to negative for BCH. Past repayments in 2024 didn’t cause big price drops, easing fears of a large sell-off. Still, there’s uncertainty because creditors might sell their BCH after holding it for years, especially since BCH prices have dropped about 20% monthly recently.
(Cointelegraph)

3. BCH Approaches $471 Resistance Level (October 19, 2025)

What happened:
On October 19, BCH’s price rose to $464.90, testing a resistance point at $471. Analysts say if BCH breaks above $471, it could reach $508. If it fails, the price might fall to $455.

Why it matters:
This is a neutral sign for BCH. Trading volume increased by 23% to $373 million in 24 hours, showing growing trader interest. However, overall market caution, reflected by a Fear & Greed Index of 30 and Bitcoin’s price dropping to $106,000, limits potential gains. BCH’s key support level is around $460, matching its 20-day moving average.
(PunkChainer on X)

Summary

Bitcoin Cash is balancing promising technical upgrades with market uncertainties and the looming Mt. Gox repayments. The Velma upgrade could attract more developers and new uses, but traders remain cautious due to low liquidity and broader market risks. A key question is whether BCH can maintain its $460 support level if Bitcoin’s dominance continues to rise.

What is expected in the development of BCH?

Bitcoin Cash is moving forward with several key updates:

1. OP_EVAL & Script Upgrades (2026–2027) – Making smart contracts more flexible and powerful.
2. 2-Minute Block Time Proposal (TBD) – Speeding up transaction confirmations.
3. Collaborative Protocol Specifications (Ongoing) – Creating unified technical standards for smoother development.

In-Depth Look

1. OP_EVAL & Script Upgrades (2026–2027)

What’s Happening?
Bitcoin Cash plans to roll out new features like OP_EVAL, loops, and Pay-to-Script around 2026–2027. These upgrades will make its smart contracts more capable, allowing developers to build more advanced decentralized applications (dApps) and financial tools (DeFi). OP_EVAL lets scripts run dynamically, loops add the ability to repeat actions, and Pay-to-Script offers more flexible transaction options (Levex).

Why It Matters
This is good news for Bitcoin Cash because it could attract developers looking for a blockchain with low fees and fast processing, as an alternative to Ethereum. These improvements could enable things like decentralized stablecoins or automated trading platforms. However, there’s a chance these updates could be delayed or face competition from other blockchains that also focus on scalability.

2. 2-Minute Block Time Proposal (TBD)

What’s Happening?
There’s a proposal to shorten the time it takes to add a new block to the blockchain from 10 minutes down to 2 minutes. This would make transactions confirm faster, which is helpful for everyday payments and quick settlements. But this change needs agreement from the network’s miners and operators (BTCC).

Why It Matters
This could be a positive change for Bitcoin Cash users by making transactions quicker and more practical for daily use. On the flip side, faster blocks might lead to more “orphaned blocks” (blocks that don’t get added to the main chain), which could temporarily affect network security. The success of this change depends on finding the right balance between speed and stability.

3. Collaborative Protocol Specifications (Ongoing)

What’s Happening?
Developers are working together to create a shared, clear set of technical guidelines for Bitcoin Cash. This effort aims to keep everyone on the same page, reduce errors, and make future upgrades easier to implement (GitLab).

Why It Matters
While this doesn’t directly change how Bitcoin Cash works, it’s important for the network’s long-term health. Having standardized rules helps speed up innovation and prevents confusion or conflicts among developers. However, coordinating this work can be challenging and might slow down progress.

Conclusion

Bitcoin Cash is focusing on making its network faster, smarter, and more unified. Upgrades like OP_EVAL and shorter block times aim to improve how the network handles transactions and smart contracts. Still, there are risks with timing and competition from other blockchains. The big question is whether Bitcoin Cash can carve out a strong role in the world of decentralized finance by focusing on practical, everyday payments.

What updates are there in the BCH code base?

Bitcoin Cash rolled out major protocol upgrades and new tools in 2025 to boost its network capabilities.

1. VM Limits & BigInt Upgrade (May 2025) – Improved smart contract power and computing efficiency.
2. Knuth v0.68.0 Release (July 2025) – Enhanced how the network handles transactions for better speed and reliability.
3. CashScript Language Updates (August 2025) – Made it easier for developers to build and deploy smart contracts.

Deep Dive

1. VM Limits & BigInt Upgrade (May 2025)

Overview: This update removed limits on smart contract operations and introduced support for very large numbers, allowing more complex financial applications like decentralized stablecoins and cross-chain bridges.

Key changes:

• VM Limits (CHIP-2021-05): Increased the size limit for data elements from 520 bytes to 10,000 bytes, removed the cap on the number of operations (previously 201), and added a system to manage computing resources to prevent abuse.
• BigInt (CHIP-2024-07): Allowed calculations with numbers up to 10,000 bytes, compared to the old 8-byte limit, enabling advanced cryptographic functions and financial modeling.

What this means: This upgrade is positive for Bitcoin Cash because it opens the door for more advanced applications beyond simple payments. It makes the network more competitive with platforms like Ethereum and Solana for building complex decentralized apps (dApps). Developers now have more freedom to create sophisticated protocols without running into technical limits.
(Source)

2. Knuth v0.68.0 Release (July 2025)

Overview: This update improved the node software that runs the Bitcoin Cash network by optimizing how it manages unspent transaction outputs (UTXOs), which are the pieces of Bitcoin Cash that users spend.

Key improvements:

• Cut the worst-case processing time for nodes by half.
• Made managing the UTXO set more efficient, speeding up block validation.

What this means: This is a neutral to positive update for Bitcoin Cash. It makes the network more reliable and scalable, which can support more transactions and reduce costs for those running nodes (the computers that keep the network running).
(Source)

3. CashScript Language Updates (August 2025)

Overview: CashScript, the programming language used to write smart contracts on Bitcoin Cash, received updates to its software development kit (SDK) and new tools to make contract deployment easier.

Developments include:

• Better support for CashTokens, Bitcoin Cash’s native token standard.
• Simplified testing tools for contracts running on the blockchain.

What this means: This is a positive development for Bitcoin Cash because it lowers the barrier for developers to create tokenized assets and automated financial applications, helping the ecosystem grow.
(Source)

Conclusion

Bitcoin Cash’s 2025 upgrades strengthen its position as a scalable platform for advanced smart contracts and decentralized finance (DeFi). Improvements like Knuth v0.68.0 boost network stability, while enhanced developer tools with CashScript encourage innovation. With these changes, Bitcoin Cash could carve out a unique role in programmable payments and decentralized applications.