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    Home»Industry Events»Bitcoin Cash Price Analysis: Retreat to $554 After Testing…
    Industry Events

    Bitcoin Cash Price Analysis: Retreat to $554 After Testing…

    Sam Boolman | Crypto Enthusiast and WriterBy Sam Boolman | Crypto Enthusiast and WriterAugust 1, 2025
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    Bitcoin Cash (BCH) Retreats to $554 After Testing $580 Resistance – Key Levels to Watch

    Bitcoin Cash (BCH) has retreated by 4.92% to $554 after briefly testing the $580 resistance level. The pullback comes amid mixed signals from technical indicators and anticipation surrounding the upcoming block reward halving event.

    What’s Driving Bitcoin Cash Price Today?

    Bitcoin Cash’s price decline to $554 follows a recent surge past $580, where analysts had predicted potential breakout targets ranging from $620 to $680. The pullback, although significant, is viewed as a natural retracement after the bullish momentum that propelled BCH above key resistance levels.

    The impending block reward halving, which reduces the rate of new BCH supply entering the market, has historically led to price appreciation in cryptocurrencies. This event has provided fundamental support for Bitcoin Cash, with a 2.35% price increase observed on July 25. Trading volume on the Binance spot market has remained robust at $36,765,073 over the past 24 hours, indicating sustained interest from both retail and institutional traders in the BCH/USDT pair.

    BCH Technical Analysis: Mixed Signals Emerge

    Bitcoin Cash’s technical analysis reveals a complex picture with both bullish and bearish components. The MACD indicator is showing bullish momentum, with the RSI comfortably neutral at 55.66, suggesting room for further upward movement without triggering oversold conditions.

    While BCH trades above key moving averages, the cryptocurrency faces near-term resistance at the 7-day SMA of $570.21. The Bollinger Bands analysis shows BCH remains in the upper part of its current trading range, with the $595.93 level posing a significant technical challenge for any recovery attempt.

    Bitcoin Cash Price Levels: Key Support and Resistance

    Important support levels for Bitcoin Cash are identified at $562.17, $481.90, and a strong support level at $397.70, closely aligned with the 200-day moving average. On the resistance side, BCH faces challenges at $608.20 and the 52-week high of $622.30.

    Should You Buy BCH Now? Risk-Reward Analysis

    For traders, the current risk-reward profile for Bitcoin Cash offers interesting opportunities. Short-term traders may consider entry points near $554 with tight risk management, while conservative traders could wait for a test of the $535.39 support level. Long-term investors focusing on the halving narrative may view weakness towards the $535-$550 range as an accumulation opportunity.

    Conclusion

    Bitcoin Cash’s price action around the $554 level will be crucial in the short term, with the technical structure remaining constructive despite the recent pullback. Traders should monitor the $562 pivot level closely for potential further price direction.

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    Sam Boolman | Crypto Enthusiast and Writer
    Sam Boolman | Crypto Enthusiast and Writer
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    Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism. With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.

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