Bitcoin Cash ($BCH) has broken through a key resistance level, and all signs point to a bullish continuation. As of June 17, 2025, the BCH Coin is trading at $476.14, up 4.12% in the last 24 hours, marking a critical technical breakout backed by whale accumulation and increasing retail interest.
The recent rally reflects a perfect convergence of strong technical setups, deep-pocket whale buying, and a massive wave of community excitement.
Bitcoin Cash Price Breaks Out of 7.5-Year Accumulation Zone
One of the most significant technical confirmations comes from BitMontie’s weekly chart, which shows the BCH price breaking out of a rounded bottom after months of consolidation.
This structure typically signals a longer-term bullish reversal, and BitMontie outlines potential upside targets of $625, $1,245, and even $1,830, as long as BCH holds above the $380–$400 support zone. This surge is possible, as the Bitcoin Cash price has crashed by over 89% from its all-time high of $4,355.62 in 2017.
Crypto analyst SVMX echoes a similar outlook, highlighting a breakout above $520 as the end of BCH’s 7.5-year accumulation range. This level, if breached, would confirm a major macro reversal and open doors for explosive upside.
Data also supports these patterns. According to UniChartz, BCH officially broke out of its descending triangle at $462 on June 15, triggering algorithmic buys and placing the price in a Fibonacci extension zone near $502.41. The MACD histogram at 5.90 further confirms accelerating bullish momentum.
Whales Accumulate BCH on Major Exchanges
Beyond chart patterns, on-chain data reveals a major influx of capital. Chinese whales reportedly funneled over $316 million into BCH between June 14 and 15 across Binance, OKX, and HTX.
The 24-hour volume surge of 9.54% (to over $568 million) confirms this accumulation, acting as a vote of confidence that this rally isn’t driven by speculation alone. High-volume moves like this validate breakouts and reduce the risk of bull traps.
Short-Term Price Targets and Levels to Watch
Alpha Crypto Signal’s daily analysis shows Bitcoin Cash (BCH) respecting a clean ascending channel, with short-term resistance at $460–$470.
The BCH price has already bounced off the lower trendline around $410 and is now holding above the 9 EMA at $437. If it closes above $470, the next target becomes $500–$520, a historically significant resistance level.
The 50-day simple moving average sits at $405.47, well below the current price, giving bulls plenty of breathing room.
However, the $475–$502 zone is still a battlefield. Traders should expect profit-taking and temporary volatility around this area before a possible leg higher.
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