Bitcoin Cash Shows Renewed Momentum as Trendline Test and Whale Activity Suggest Possible Upside Potential

Key Points

1. Bitcoin Cash price surged 8%, retesting a key descending trendline that has historically led to over 50% price drops.

2. Whale transaction volume increased by nearly 98% to 1.69 million BCH, the highest since mid-2024, indicating institutional interest.

3. The weekly RSI for BCH is at 64, below the overbought threshold, suggesting potential for further price movement.

4. A daily close above the $565 resistance level could trigger a bullish breakout, potentially leading to 15–30% gains.

5. Exchange inflows of $4.65 million in 24 hours may indicate profit-taking or caution among holders.