Bitcoin Cash (BCH) is having a moment. In the last 24 hours, BCH saw its price action go vertical, pumping from $580 to breach the $600 level, approaching its one-year high. However, it could not maintain its momentum above $600, and its price has since then come down to $592. The move followed Bitcoin’s push towards $94,000, which made investors across the crypto space more confident.
Even with the overall crypto market sentiment improving, investors are holding off from parking all their funds in privacy coins. They picked out assets with stronger momentum, better liquidity, and a clearer narrative, which, in this case, happened to be
Bitcoin Cash
3.65%
Bitcoin Cash
BCH
Price
$200.06
3.65% /24h
Volume in 24h
$155.98M
Price 7d
. A quick look at CoinGlass’s data reveals that BCH is trading in the green across the majority of the timeframes.
(Source: CoinGlass)
It is up by +8.80% in the weekly charts and by +17.12% on the monthly charts, with its YTD (Year to Date) numbers sitting at an impressive +36.47% highlighting an accumulation trend that has been ongoing for weeks rather than a reaction to BTC’s recent rebound.
$BCH's hashrate has surpassed 2017 levels. pic.twitter.com/lI4jEU53EY
— CW (@CW8900) December 3, 2025
One major reason for this momentum is Grayscale’s plan to turn its BTC Cash Trust into a spot ETF, for which the digital asset management company filed with the US Securities and Exchange Commission (SEC) on 9 September 2025. If approved, BCH could see more upside to its price action as more institutional investors park their funds in it.
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BCH Price Prediction: $650 Breach When?
Currently trading at , its price action is sitting comfortably above the key support at $516, suggesting that the BCH has more room to grow. If BCH can convincingly breach the $600 level and maintain its price action above that level, it can result in a golden crossover, a bullish signal that signals upside momentum.
$BCH sitting on its multi year trendline breakout on monthly TF…
if the breakout holds then it can shoot to 2718$ (500%+ move) minimum to 10601$ (nearly 20x move) maximum….
invalidation – monthly close below lower trendline support or grey box 381.55$…
lets see how it… pic.twitter.com/Ly3i73lNy2
— Chetan (@chetangurjar642) December 3, 2025
At the same time, momentum indicators are looking healthy. The Relative Strength Index (RSI) is currently sitting at 64, showing a rising demand for the crypto without venturing into the overbought territory. The RSI slope is rising with the price action, pointing to a steady, organic buying, rather than a frenzied FOMO buying spree. As long as the RSI holds above 55, there are chances of more upward movement for BCH.
(Source: TradingView)
Meanwhile, the trading volume has also turned up a notch. Coingecko’s data shows that there is an incremental increase in trading volume from 30 November 2025 to today. Also, with more than 60% of the traders in profit, there is less pressure to sell quickly, which gives the market some room to breathe as BCH pushes towards $650.
(Source: CoinGecko)
On the negative, if its price action breaks down and slides below $545, it could trigger a deeper pullback towards $516, weakening its bullish outlook. As of this writing, BCH is trading above key EMAs in an ascending pattern, hinting at an upward trajectory.
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Key Takeaways
- BCH price surged past $600 but faced resistance, now consolidating near $592
- Grayscale’s ETF filing boosts institutional interest, fueling long-term accumulation
- Technical indicators show bullish momentum with strong support and rising trader profitability
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