Bitcoin Cash (BCH) is back inside its ascending price channel after briefly slipping below support, with traders watching closely whether the next breakout attempt can clear heavy resistance around $630–640. The recent rebound has revived bullish sentiment, and if momentum holds, BCH could be on track to retest the $700 zone in the coming weeks.
BCH has been trading within an ascending parallel channel for much of 2025. The structure is clearly defined, with the lower boundary providing strong support around $500–520 and the upper boundary capping rallies near $680–700.
In late August, BCH dipped below the channel and briefly tested deeper lows, but it quickly recovered and reclaimed its position. This recovery also established a new support area near $525, which has since acted as a critical level for buyers.
For now, price is consolidating around $590–600, near the mid-point of the channel. This positioning suggests the next move will likely decide whether BCH pushes higher toward resistance or faces another rejection.
The Relative Strength Index (RSI) has been highly reliable in confirming BCH’s channel dynamics:
This alignment between RSI and price channels reinforces the technical reliability of the setup, helping traders spot potential entry and exit zones.
Beyond technicals, broader market conditions are playing an important role. Weak U.S. jobs data — with nonfarm payrolls and jobless claims disappointing — has increased expectations that the Federal Reserve will begin cutting rates sooner than previously projected.
Policymakers are now seen as highly likely to deliver rate cuts at the September meeting, with some analysts even speculating about a larger-than-expected 50 basis point move if inflation softens further. Lower borrowing costs generally encourage liquidity to flow into risk assets such as equities and cryptocurrencies.
At the same time, investor sentiment is being lifted by growing anticipation of more crypto ETF approvals in the coming months. This institutional angle has renewed interest in large-cap coins like Bitcoin Cash, which could benefit if inflows spread beyond Bitcoin itself.
The technical picture for Bitcoin Cash remains constructive as long as the $525 support holds. With RSI confirming momentum strength and macro conditions increasingly favorable, the path of least resistance points higher. Traders will now be watching closely to see if BCH can finally break past the $630–640 barrier and open the door to a push toward $700.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
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