BCH news live: Support holds at $488, sideways action likely between $480 and $495

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Bitcoin Cash rises 1.27% today

Highlights

Bitcoin Cash (BCH) trades at $493.90, below the MA-20 ($520.13) and MA-50 ($558.94), but just above the MA-200 ($488.49) support.
Easing U.S.–China trade tensions and record-high Bitcoin options open interest are short-term catalysts influencing BCH sentiment ahead of key U.S. inflation data.
BCH faces resistance at $529.25 with a bearish technical setup, and a drop below $488 could push prices toward the $431–$440 support zone.

Planned U.S.-China summit and bitcoin options drive crypto optimism

Easing trade tensions following the announcement of a planned meeting between U.S. President Trump and Chinese President Xi Jinping next week are impacting global sentiment, including cryptocurrencies such as Bitcoin Cash. While this diplomatic development is viewed as a potential catalyst for crypto market gains, secondary drivers include record-high open interest in Bitcoin options markets and ongoing attention to U.S. inflation data releases later today. There were no direct monetary policy or regulatory announcements explicitly linked to BCH on October 24, 2025.

Bearish momentum persists as mixed signals meet key resistance

Technical analysis shows BCH facing resistance at the Ichimoku Kijun around $529.25, with the MA-200 acting as immediate support. Momentum signals on the daily chart are mixed — the MACD remains negative, suggesting bearish pressure continues, even as the ADX indicates trend strength and short-term buying. RSI is oversold at 39.96, with a negative CCI, and the Stoch RSI is neutral. The BBP remains weak, favoring sellers, while the Awesome Oscillator confirms the dominant downside trend. Despite modest session gains of 1.27%, the price is trading near today's high, reflecting moderate volatility and some intraday buying strength that diverges from persistent bearish momentum.

Limited upside risk as sideways outlook prevails near support

For the next five trading days, BCH is expected to trade between $431.30 and $431.40, with less than a 20% probability of upside movement. The baseline scenario favors sideways action, with price choppiness around $480–$495. A sustained move above the $529 resistance could clear a path to $550, while a decisive drop below $488 would likely trigger a slide toward the $431–$440 support zone.

Anton Kharitonov, expert at Traders Union, sees Bitcoin Cash locked in a bearish pattern, with short- and medium-term technicals dominated by sellers and only fragile support from the long-term trend. He notes that while diplomatic developments like the planned U.S.–China talks provide a slight boost to sentiment, underlying momentum signals remain weak and favor further downside, especially with technical resistance and bearish oscillators in play. The analyst believes that, barring a sustained push above $529, sideways or even lower action remains the base case. "Until Bitcoin Cash decisively reclaims $529, I remain cautious and view any rallies as corrective within a broader bearish structure."

Previously, it was noted that sellers dominated intraday activity and momentum indicators remained weak, supporting further caution for the asset. Last time, we reported that the outlook for Bitcoin Cash called for stabilization in a sideways corridor near current levels, with a bullish move anticipated only if the price can breaks above resistance at $529.25.

Source of Data: BCH Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.