Bitcoin Cash is now trading at $465.9, up 5.77% from its April 21st low of $440.5. The move was even more dramatic, reaching 7.60% at the local peak of $474.
There was an increase of Open Interest by 8.8% to accompany the rapid gains. [OI] The past 24 hours. BCH volume has increased by 54%, according to CoinMarketCap.
Bitcoin Cash bear alert from early April
AMBCrypto observed in an earlier post that Bitcoin Cash [BCH] a fallen below $478, the former assistance.
The long-term importance of this level cannot be overstated. BCH traded in a mid-range range for two years.
The altcoin was expected to rise despite the fact that the trend had been down. bounce toward $470.
The bounce is here. This bounce has come to pass.
The trend on the longer time frames was expected to continue. The recent gains can be viewed by traders and investors as a short-term relief rally rather than a trend reversal.
BCH continues to fall
The evidence was from the weekly BCH chart. At the time this article was written, there were bearish patterns on the higher time frames. This swing low of $443 in September 2025 was broken.
Liquidation Heatmap revealed that the current rebound could extend a little higher. Prices could rise due to the dense cluster of liquidations between $485 and $495.
The next move would be a downward one.
Beware of sellers who are aggressive.
If the close of a daily session is above $486.3, this bearish view would no longer be valid. BCH was a good selling opportunity as things stood.
Final summary
- Bitcoin Cash has seen a recent surge in trading volume and Open Interest as the currency climbed to $474, on April 22nd.
- The price structure on the higher timeframe remained negative. BCH traders are able to keep a bullish bias as long BCH is below $486.
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Source: ambcrypto.com
