Bitcoin Cash price has staged a significant rebound over the past few days, pushing the BCH token back into a short-term uptrend.

The recovery comes after the Bitcoin Cash price plunged to a low of around $455 on October 17, a level that marked the end of a month-long consolidation phase.

Since then, buyers have regained control, and BCH is now approaching critical resistance zones that could define its next major move.

At the time of writing, Bitcoin Cash (BCH) trades around $553.97, marking a 3.1% gain over the past 24 hours and nearly 9.7% over the past week.

Bulls return as Bitcoin Cash price breaks key resistance

The latest surge follows a decisive technical breakout above a multi-month descending trendline, a move that has reignited bullish sentiment among traders.

According to chart analysis, BCH recently cleared a bearish resistance level near $546, which had capped rallies since September 2025.

This breakout, confirmed by a 45.8% spike in trading volume on October 28, suggests growing confidence in Bitcoin Cash’s near-term outlook.

The breakout was further reinforced by BCH trading above a symmetrical triangle pattern on the weekly chart, a classic sign of trend continuation.

When prices move above such consolidation patterns, it often signals a resumption of the broader bullish trend.

If momentum continues, BCH could challenge the resistance zone between $570 and $575 in the coming sessions.

Beyond that, Fibonacci retracement levels and technical analysis highlight potential upside targets at $576.42 and $609.23.

A sustained move above these levels could open the door to a stronger rally, particularly if Bitcoin maintains its broader market leadership.

Fundamentals support Bitcoin Cash rebound

Aside from technical factors, the current rally has been supported by favourable market developments.

One of the most notable catalysts is the Mt. Gox repayment delay, which has postponed the release of over 143,000 BCH and 34,700 BTC until October 2026.

This delay has eased short-term sell pressure that many investors had feared, giving the market more time to absorb potential supply without sharp price disruptions.

Meanwhile, whale accumulation and rising derivatives activity have added further momentum.

Data shows that open interest in BCH futures rose 5.15% over the past day, reflecting growing confidence among leveraged traders.

Analysts note that most of this activity has been skewed toward long positions, targeting the $600 level.

Despite the aggressive buying, the average funding rate remains modest (-0.0018%), indicating that the market is not yet overheated.

Together, these factors point to a market that is strengthening both technically and fundamentally.

What’s next for the Bitcoin Cash price?

For the rally to be sustained, Bitcoin Cash must hold above key support levels near $546.

According to CoinLore’s analysis, maintaining this floor could pave the way for BCH to target resistance at $569.77, followed by $595.84 and $615.92.

On the downside, if the price dips below $546, the next key support lies around $527.41—a level that would need to hold to prevent a deeper correction.

Overall, the Bitcoin Cash price appears to be gaining strength after months of stagnation.

The breakout above long-term resistance, reduced sell-side risks from the Mt. Gox delay, and growing speculative interest suggest that BCH could continue its upward trajectory if momentum holds.

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