Bitcoin News Update: Institutional Endorsement Fuels Bitcoin Cash Surge Beyond $550
- 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
Weekly data further reinforced the breakout, with
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
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
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.
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.
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