Bitcoin Cash has risen from 8% to $554, seeing a noticeable surge in the last 24 hours. Altcoin sees Bitcoin as dumping amid the massive pressure of selling pressure. With trading volumes rising 44% and open interest rates rising, BCH was able to further defy the dip of its benchmark assets, reaching its last eye-high in December 2024.
The price of Bitcoin Cash (BCH) is currently around $551.
While away from the $554 intraday high, it’s over $550 as one of the top gains of the past 24 hours.
According to Coinmarketcap, this is because many Altcoins also show weakness in the latest fixes for Bitcoin.
Bitcoin Cash ignores BTC dumps with 7% gain
BTC fell below $115,000 after renowned crypto investment company Galaxy Digital offloaded 30,000 BTC within 24 hours.
There was a liquidation settled in a Bitcoin dump, but Bitcoin cash was against the trend.
ITRADAY profits above 8% are ranked among the top performers of the 100 largest cryptocurrency by market capitalization.
In particular, profits keep BCH uptrend over longer time frames. Altcoin prices have been on the upward trajectory since reaching the $268 low in April 2025.
Also, as trading volumes increase by 44% to over $870 million, the rise in prices suggests potential buying pressure.
Crypto analyst CW points to the growing interest of whales, particularly in China.
There is a strong buying trend for Binance and OKX $BCH, where Chinese whales are active. pic.twitter.com/49b4oizhsd
– CW (@cw8900) July 25, 2025
Is BCH ready for a gathering up to $1,000?
BCH Price was last traded for $1,000 in May 2021 at the time Bears pushed low from over $1,427.
Over the past year, buyers attempted to retrieve levels in December 2024 at around $624, at $624.
Cryptocurrency is struggling with emergency momentum, but analysts are increasingly optimistic about the possibility of Bitcoin Cash gathering at $1,000.
Aside from the overall long-term bullish sentiment around Crypto, the short-term photos highlight robust market indicators and technical outlook.
Open interest in BCH derivatives, for example, has increased from 24% to $533 million, with 28% exceeding $1.3 billion.
The surge in speculative activity shows bullish confidence in token prices.
Technical photography further strengthens this bullish outlook.
Currently, the relative strength index (RSI) reads 63.
Meanwhile, moving average convergence divergence (MACD) also flashes on bullish crossovers, suggesting potential short-term upward pressures.
If the Bulls manage breakouts to supply walls from $540 to $565, they can retest the $620-$650 area.
On this, resistance above $700 allows Bull to target $1,000. Conversely, support is around $480, followed by $380.
