Bitcoin Cash Breaks $555 – Will BCH Shatter the Trendline Trap This Time?

Bitcoin Cash surges past $555—bulls are charging, but can it finally escape the suffocating grip of that relentless trendline?

The Breakout Battle

BCH's latest pump has traders buzzing, yet technicals whisper caution. That multi-year resistance line isn’t just a hurdle—it’s a psychological warzone.

The Cynic’s Corner

Wall Street’s still calling it ‘digital silver’—as if comparing it to a commodity that peaked in 1980 is a compliment. Meanwhile, the real question: Can Bitcoin Cash flip the script before the next ‘macro downturn’ narrative kicks in?

The Verdict

Price action screams momentum, but until that trendline snaps like a over-leveraged hedge fund, expect fireworks—or another brutal fakeout.

Key takeaways

Bitcoin Cash surged 8%, retesting a trendline that previously triggered 50% drops. Whale activity ROSE 97% and RSI remains below overbought, keeping breakout hopes alive—for now.

On the 25th of July, Bitcoin Cash [BCH] was spotted in the top gainer list of CoinMarketCap, holding the 3rd spot with an 8% price surge.

The token was trading around $555.2 at the time, a level drawing attention as it aligned with a long-standing descending trendline.

Bitcoin Cash (BCH) at a critical trendline

According to AMBCrypto’s technical analysis, BCH once again tested a descending resistance line that previously triggered two major price drops — one in mid-2024 and another in early 2025.

Each rejection led to drawdowns of over 50%, making this test especially pivotal.

Source: TradingView

However, if BCH’s recent momentum continues and the price breaches the prolonged descending trendline resistance, it could open more room for continued upside movement. If this happens, there is a strong possibility that BCH could soar by 15% to 30% in the NEAR future.

This scenario could only occur if BCH closes a daily candle above the $565 level; otherwise, history may repeat itself.

As of the 25th of July, Bitcoin Cash’s Relative Strength Index (RSI) stood at 64 on the weekly chart. That positioning indicates strong momentum but not yet overbought territory, suggesting potential for further upside if buyers hold their ground.

Whale interest spikes, but inflows raise eyebrows

On-chain metrics presented mixed signals.

Data from IntoTheBlock showed Large Transactions Volume surged 97.77% to 1.69 million BCH on the 25th of July. This uptick pointed to increased whale and institutional activity.

Source: IntoTheBlock

On the other hand, exchanges continue to see outflows of BCH tokens.

Data from CoinGlass revealed that over $4.65 million worth of tokens moved into exchanges in the past 24 hours. This inflow suggested potential dumping by holders, possibly influenced by BCH’s past performance.

Source: CoinGlass

Whether BCH can break the trendline or repeat past rejections now hinges on buyer momentum. A successful breakout could accelerate gains, but bearish pressure still lurks just above.