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Bitcoin Cash Breaks $555—Is a Bigger Move Finally on the Horizon?
Bitcoin Cash hits $555, testing a key descending trendline for the third time.
A daily close above $565 could trigger a 15%–30% price rally.
Whale activity spikes, but exchange inflows raise concerns about potential sell pressure.
On July 25th, Bitcoin Cash — BCH, landed in CoinMarketCap’s top gainer list, ranking third with an 8% spike. Price reached $555.2, a number that carries weight. That level touches a descending trendline that has haunted BCH since mid-2024. This line isn’t just resistance—it’s a wall that twice knocked the token down by more than 50%. Traders now ask: is this the moment BCH finally breaks through?
BCH Battles Its Biggest Barrier Yet
Technical analysis shows BCH is testing that same descending trendline once again. The last two times it touched this level, it faced brutal rejections. Each rejection triggered massive declines. But this time feels different. The price hasn’t backed off. Momentum builds. Traders are watching the $565 level like hawks. A daily close above that could flip the script entirely. A breakout above this resistance could unlock a 15% to 30% rally.
The Relative Strength Index on the weekly chart sits at 64. That’s a sweet spot—strong momentum without the warning signs of overbought territory. Buyers still have breathing room to push. If BCH closes above that $565 mark, this story changes. It’s no longer about resistance. It becomes about opportunity. But if history repeats and price fails again, another deep correction may follow. That’s the tightrope BCH walks now.
Whale Activity Surges, but Inflows Raise Doubt
On-chain data offers a mixed bag. Whale interest is clearly heating up. IntoTheBlock reports that Large Transactions Volume surged nearly 98% on July 25th. That’s 1.69 million BCH moved in a day. It’s a bullish sign that big players are positioning. Institutional eyes might be watching too. However, not everything screams confidence. CoinGlass data shows over $4.65 million worth of BCH flowed into exchanges within 24 hours.
That move suggests some holders may prepare to sell into strength. High inflows during rallies can spell trouble if buyers run dry. This moment feels like a coin toss. If momentum holds, BCH could sprint higher. But if sellers overpower the breakout, it could get messy. The market’s watching for a daily candle above $565. That close could seal the deal and trigger a much bigger move.
Bitcoin Cash stands at a critical threshold. Price has pierced $555, but the real battle begins now. Momentum favors bulls, but resistance won’t give up easily. Whales are active, volume is rising, and eyes remain locked on that trendline. A clean breakout could spark fireworks. If BCH clears this hurdle, the road ahead looks much brighter.