The broader cryptocurrency market continues to struggle with uneven and choppy price action, a phase that began following the sharp sell-off on October 10. That correction dragged Ethereum (ETH) lower by nearly 25% over the past 60 days, keeping risk appetite subdued across the altcoin space.
Meanwhile, Bitcoin Cash (BCH) has managed to hold its ground, posting over 11% gains over the same period. More importantly, its price action is beginning to form a structure that often precedes larger trend reversals, suggesting the recent strength may be more than just a short-term bounce.
Source: Coinmarketcap
Rounding Bottom Taking Shape
On the daily timeframe, Bitcoin Cash appears to be carving out a rounding bottom formation — a classic bullish reversal pattern that reflects a gradual transition from distribution to accumulation. This type of structure typically forms after an extended correction, as selling pressure slowly fades and buyers begin stepping in with greater conviction.
The pattern began after BCH faced a firm rejection near the $630 region in September 2025. That rejection triggered a sharp decline, dragging price down toward the $446.9 area. Notably, sellers failed to force a deeper breakdown, and strong demand emerged around those lows. As weeks passed, BCH stabilized, volatility compressed, and price gradually curved higher, completing the rounded base visible on the chart.
Bitcoin Cash (BCH) Daily Chart/Coinsprobe (Source: Tradingview)
Currently, BCH is trading near the $570 level and testing the lower support of the rounding base structure. This area is acting as a key inflection point, where buyers are attempting to defend the pattern and build momentum for a potential breakout attempt.
What’s Next for BCH?
A sustained bounce from the current zone, followed by a clean daily close above the $600–$630 resistance area, would confirm a bullish rounding bottom breakout. If price then manages to retest this zone and hold it as support, it would significantly strengthen the bullish case and suggest that a new upward leg is underway.
Based on the depth of the rounding structure, the projected upside target points toward the $800–$820 region. Reaching this zone would represent a potential upside of roughly 40% from current levels, aligning with the measured move typically associated with this pattern.
That said, patience remains essential. Before a confirmed breakout, BCH could still experience short-term pullbacks or consolidation below resistance. Until a decisive breakout and successful retest occur, the $600–$630 zone remains the key line in the sand that will determine whether Bitcoin Cash transitions into a sustained bullish phase or continues to trade within a broader range.
Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bhutan Sells $18.46M Bitcoin as Price Nears $74k Resistance
The Royal Government of Bhutan transferred approximately 250 BTC worth $18.46 million in the past 24 hours, according to on-chain data from Arkham, continuing a broader pattern of reduced Bitcoin holdings. The transfers included 162 BTC and 69.7 BTC sent to new wallet addresses within a short
CryptoFrontier13m ago
Bitcoin's BIP-361 Quantum Fix Splits Community Over Address Freezing
A proposed Bitcoin improvement to address quantum vulnerability has divided the cryptocurrency community over whether to freeze legacy addresses, including those attributed to Satoshi Nakamoto. The BIP-361 proposal, which went live on April 14, has sparked debate between prominent figures including
CryptoFrontier1h ago
Zonda Exchange Discloses 4,500 BTC Cold Wallet as Private Keys Remain Untransferred
Zonda, a Polish crypto exchange, revealed a cold wallet with 4,503 BTC amid a withdrawal crisis. CEO Przemysław Kral addressed fund misappropriation allegations and promised legal action against false claims, emphasizing that private keys were never transferred due to the former CEO's disappearance.
GateNews1h ago
Ben McKenzie Slams Bitcoin on Jon Stewart Show
Actor Ben McKenzie appeared on The Weekly Show with Jon Stewart on Aug. 14 in a segment titled "The Other Side of Bitcoin: Crypto Corruption," where he delivered a sharp critique of Bitcoin and the broader cryptocurrency industry. McKenzie, known for his film and television work, has become a
CryptoFrontier2h ago
BTC edges up 0.46% in 15 minutes: institutional fund outflows and macro risk-off sentiment in sync drove the move
From 15:00 to 15:15 (UTC) on 2026-04-16, BTC logged a +0.46% return within 15 minutes. The price fluctuated in a range of 73,939.7 to 74,440.0 USDT, with an amplitude of 0.68%. During this time window, market attention increased, short-term volatility intensified, and fund-flow characteristics changed noticeably.
The main driver of this deviation is the continued outflow of large amounts of capital from exchanges. According to on-chain data, in the past 24 hours the net flow was -14,408.84 BTC, mainly concentrated in large transfer ranges of more than $1 million (especially>$10M net outflow -12,987.03 BTC). This shows that institutions and large holders actively reduced their BTC holdings on exchanges, and short-term selling pressure was significantly lowered. Against the backdrop of persistently weak liquidity, with order book depth remaining at a low level for a long time, the price has become more sensitive to medium-sized buy orders—amplifying the impact of even modest inflows on spot market price action.
In addition, macro conditions changed in parallel and produced a synchronized effect: easing geopolitical tensions in the Middle East boosted overall market sentiment. International gold prices rose, global equity markets hit new highs, and the market re-evaluated the probability of the Federal Reserve cutting rates within the year, further increasing investor attention to safe-haven assets (including BTC). At the same time, on-chain data indicates that the “whale” trading activity during this phase is at an annual low (>$1M transfers fell to 1,485 transactions). With heavy market wait-and-see sentiment and limited short-term supply, BTC’s responsiveness to sudden buy-side capital was further enhanced.
Investors should be reminded that current market liquidity is still fragile. Insufficient order book depth increases the market’s sensitivity to large capital movements, and short-term volatility may intensify. Going forward, focus on further shifts in on-chain large-fund flows, changes in price action as it breaks through support or resistance regions, and the risks and opportunities brought by related macro policies and geopolitical developments. Please continue to track key data and stay alert to any sudden shocks during the period of abnormal moves.
GateNews2h ago
Bitcoin Transactions Face 70-Page Tax Filing Burden Annually
According to Nicholas Anthony of the Cato Institute's Center for Monetary and Financial Alternatives, spending Bitcoin on everyday purchases creates an unexpected tax compliance nightmare. The IRS treats Bitcoin as property, not currency, meaning every transaction—even a $5 coffee
CryptoFrontier3h ago
