- Bitcoin Cash is nearing a breakout from a 7-year downtrend after rising nearly 90% since April and approaching key resistance at $520.
- Bullish technical indicators suggest that a close above $540 could trigger a rally toward $1,500.
Bitcoin Cash (BCH) could be on the brink of a historic price breakout, signaling the potential end of a seven-year downtrend. With the price surging nearly 90% since April and strong bullish indicators across multiple time frames, BCH is now just 20% away from breaching a critical resistance level that has held firm since its all-time high in 2017.
Bitcoin Cash Long Road to Recovery
In 2017, Bitcoin Cash was one of the biggest names in crypto, climbing into the top five by market cap and hitting an all-time high. However, its glory was short-lived. BCH entered a prolonged downtrend, repeatedly getting rejected at a descending resistance trendline. Now, in mid-2025, after three failed breakout attempts—including one in December 2024—BCH is once again knocking on the door of a breakout at $520.
Bullish Technical Indicators Support the Breakout
The latest price action has been promising. BCH currently trades at $463, and technical indicators are aligning in its favor. The Relative Strength Index (RSI) has pushed above the neutral 50 mark, while the Moving Average Convergence Divergence (MACD) shows strong positive momentum. Notably, the price structure reveals a completed A-B-C-D-E wave pattern, typically signaling a breakout phase.
The daily chart echoes this optimism. BCH completed a five-wave advance, followed by a brief correction. Bullish developments include the RSI and MACD breaking above their bearish divergence lines, indicating renewed buying strength.
A Close Above $540 Could Trigger a Parabolic Rally
If BCH manages a weekly close above $540, the breakout will be confirmed. With no significant horizontal resistance above, analysts suggest that this could open the floodgates for a parabolic rally. Price targets hover near the $1,500 mark—more than triple the current value.
Even the bearish alternative—a short-term wave B rally—still points to an eventual breakout after a potential dip.
Conclusion: Is the Wait Over?
Bitcoin Cash’s seven-year struggle with resistance may soon end. With strong technicals, a near 90% rally since April, and rising investor interest, BCH looks poised for a breakout. If it can close above $540, the long-anticipated comeback may finally begin—possibly taking the altcoin back to its former highs.
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