Bitcoin Cash (BCH) is again above $530 after a week of ups and downs. New data shows that large investors are buying more even as prices drop. Traders are now debating whether the $460–$580 range is a good place to buy, or whether BCH is still struggling below key trend levels.
Currently, Bitcoin Cash is trading at about $533, up over 10% in the last 24 hours as of 05:00 GMT+1. Daily trading volume increased nearly 94%, reaching over $1 billion. This bounce-back follows a low of $449, the bottom of its recent 24-hour range on CoinMarketCap. The overall trend looks mixed. BCH is up 12% over the past month but is still 87% below its all-time high of $4,355.62 recorded on Dec 20, 2017.
The short-term outlook remains uncertain. Technical charts show uneven intraday buying, while price action shows BCH repeatedly rejecting short-term resistance levels. At present, Bitcoin Cash is simply holding above the psychological $500 level while waiting for a stronger catalyst.
Bitcoin Cash Price Analysis: Analysts Signal a Real Accumulation Phase
A cluster of analysts on Twitter has highlighted the same pattern, pointing out that large wallets continue to add exposure even during the recent market pullback.
Crypto analyst CW8900, who has been tracking whale behavior for months, says large buyers have posted four consecutive weeks of net accumulation even during the recent market-wide decline.
His charts show steady spot inflows during red candles, a pattern he calls “unrivaled buying performance” compared to other majors.
CW argues that $460–$580 remains the “active buying zone,” highlighting repeated rebounds inside this band. He frames the current chop as preparation for a “powerful rally,” citing that no other large-cap token has displayed this kind of steady accumulation while losing price momentum.
Still, not all signals line up perfectly. Santiment’s chart shows BCH trading below its 200-period moving average (on the 4h timeframe), currently near $609.
At the same time, shorter MAs (30, 50) are converging tightly around the BCH price, a typically indecisive structure rather than a confirmed reversal. Bitcoin Cash could be building a base, but the structure remains unconfirmed until it breaks above trend resistance.
READ MORE: When Will Crypto Go Back Up?
