Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin News Update: Institutional Endorsement Fuels Bitcoin Cash Surge Beyond $550

Bitcoin News Update: Institutional Endorsement Fuels Bitcoin Cash Surge Beyond $550

Bitget-RWA2025/10/31 16:44
By:Bitget-RWA

- Bitcoin Cash (BCH) surged past $550 in early October 2025, driven by a 328% trading volume spike signaling strong institutional and retail participation. - Technical indicators confirmed an uptrend with consolidation between $553-$556, supported by higher lows and bullish RSI/MACD readings. - T. Rowe Price's BCH ETF inclusion and reduced Mt. Gox liquidation fears validated institutional confidence, while futures open interest rose 13.8% to $382.96M. - A $565.1 breakout could target $651, but a drop below

In early October 2025, Bitcoin Cash (BCH) soared above $550, fueled by a remarkable 328% jump in trading activity that reflected robust interest from both institutional and retail investors. The digital asset advanced 2.6% to reach $554.52, surpassing major resistance levels following a surge of 130,078 units traded at 1 a.m. UTC, as highlighted in a

. This price action established a bullish pattern, with technical analysis indicating a consolidation range between $553 and $556 as market participants assessed the durability of the new support area. CoinDesk observed that the rally was supported by a series of higher lows at $528.55 and $534.36, strengthening an upward trendline since October 30.

Weekly data further reinforced the breakout, with

appreciating 4.8% against the US dollar, while (BTC) slipped by 1.2% over the same timeframe. A subsequent dip to $553.58 in the hours that followed reflected cautious optimism, as buyers maintained support to avoid a downward reversal. CoinGlass analysts pointed to a 13.8% rise in BCH futures open interest, reaching $382.96 million, indicating increased speculative activity, according to an . At the same time, the open interest-weighted funding rate turned positive at 0.0007%, showing that long positions were compensating shorts—a pattern historically associated with upcoming price surges, as noted in an .

Bitcoin News Update: Institutional Endorsement Fuels Bitcoin Cash Surge Beyond $550 image 0

Technical experts highlighted several important price points for BCH. Immediate support was identified at $553.50, with attention on a possible retest of the previous resistance at $547, now acting as support. On the resistance side, $558.25—an earlier peak—was marked as the next significant barrier. Surpassing this level could pave the way for a move toward $615, a target referenced by various models in a

. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) signaled bullish momentum, with RSI at 59 and MACD turning positive, as reported by FXStreet.

Trading volume trends highlighted the rally’s strength. The 130,078-unit spike at 1 a.m. UTC represented a 328% increase over the average, while 24-hour volume jumped 65% to $774.45 million, based on CoinPedia’s data. This strong performance coincided with easing concerns over a $4 billion Bitcoin and BCH liquidation from the Mt. Gox case, which was postponed to 2026. Institutional interest also contributed, with T. Rowe Price’s inclusion of BCH in a crypto ETF application cited as a key driver by CoinPedia.

Market sentiment for BCH diverged from the broader crypto landscape. While BCH’s short-term prospects remained positive, other cryptocurrencies such as

and showed mixed signals. XRP approached $2.51 within a descending triangle, with bulls aiming for a breakout toward $3.00–$3.20 ahead of the ETF launch window, according to a .

Looking forward, BCH’s path depends on maintaining high volume and overcoming resistance. Closing above $565.1 could propel the price toward $651, aligning with the 78.6% Fibonacci retracement level cited by FXStreet. Conversely, falling below the $542 support could prompt profit-taking and a retest of the 200-day EMA at $531, as previously mentioned by FXStreet. Experts advise that while on-chain indicators remain neutral, the bullish tilt in the futures market points to ongoing optimism.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

BAT drops 1.05% over 24 hours as Bangladesh faces declining sales and operational difficulties

- British American Tobacco (BAT) fell 1.05% on Nov 2 2025, despite 13.71% weekly and 16.58% monthly gains, amid a 18.77% annual decline. - Bangladesh operations drove a 23% YoY profit drop due to 18% sales decline, 15% higher operating costs, and Tk 2.12B relocation expenses. - Elevated excise duties (14% rise), finance costs (21% increase), and negative cash flow (-Tk 21.70/share) exacerbated financial strains despite 300% dividend boost. - Net asset value per share fell to Tk 105.22, reflecting long-term

Bitget-RWA2025/11/02 04:26

ALGO falls by 1.04% as annual decline reaches 46.64%, reflecting poor technical indicators and ongoing market instability

- ALGO fell 46.64% annually by Nov 2025, with 3.2% 7-day decline amid weak technical indicators and macroeconomic uncertainty. - Token remains below 50/200-day moving averages, with RSI in neutral and MACD negative, reinforcing bearish sentiment. - Historical backtests show 21% win rate for short-term recovery attempts, with passive holding (-0.9%) outperforming active trades (-11.3%). - Analysts warn of deeper corrections if key levels break, as crypto market risk-off tone exacerbates ALGO's vulnerability

Bitget-RWA2025/11/02 04:26

LUNA Drops 77.43% Over the Past Year as Market Volatility Persists

- LUNA plummeted 0.95% in 24 hours, with a 77.43% annual decline amid market uncertainty. - Analysts cite regulatory scrutiny, macroeconomic pressures, and waning institutional interest as key drivers of its bearish trend. - Short-term resilience contrasts with long-term challenges, as traders monitor technical levels for potential reversals. - Backtested strategies using 10% volatility thresholds aim to assess profitability amid LUNA's erratic price behavior.

Bitget-RWA2025/11/02 04:26