Bitcoin Cash Surges 40% in 2025, Tests December Highs as Bitwise Fund Approval Fuels Momentum
Market Structure Shifts Higher
- Bitcoin Cash leads major L1s with a 40% YTD surge
- Approval of Bitwise’s $1.25 billion fund opens institutional floodgates
- Price consolidates at $600, bulls defend key EMAs
Bitcoin Cash began 2025 with a powerful 40% rally propelling it to the top of layer-1 blockchains, breaking through resistance while other crypto markets meander. The push from $428 to current levels near $600 marks BCH’s best new year’s start since 2021’s bull run, amid the influx of new institutional demand following the Bitwise 10 Crypto Index Fund’s approval on a coin that appeared forgotten by most. The key question on traders’ minds is whether the current momentum will be enough to breach $600 or if the previous high of $631 from December will act as strong resistance.
| Metric | Value |
|---|---|
| Asset | BITCOIN CASH (BCH) |
| Current Price | $599.85 |
| Weekly Performance | 5.95% | Monthly Performance | 13.72% |
| RSI (Relative Strength Index) | 57.2 |
| ADX (Average Directional Index) | 16.3 |
| MACD (MACD Level) | 10.64 |
| CCI (Commodity Channel Index, 20-period) | 108.79 |
Momentum Holds Mid-Range After 40% Surge – Room for Another Leg Higher
The Relative Strength Index is an indicator designed to indicate when an asset may be overbought or oversold. It ranges from 0 to 100, with 70 and above typically considered overbought and 30 or below considered oversold.
Taking a look at the weekly timeframe provides important details. The weekly RSI is at 61.8 and is in the bullish region without hitting the extreme areas above 70 which usually indicate significant tops. So, for swing traders, this healthy daily RSI with the weekly momentum holding sup can mean that the $580-590 zone will more likely result in buyers stepping in than all stops getting run. The Bitwise fund entry basically gives a technical floor beneath these fundamentals as the index rebalance will obligational bid pressure.
ADX at 16.3 Signals Coiled Spring Formation After Explosive January Move
The real risk is DMI- flipping bearish on that tightening moving average if the price droops beneath the 21-day readjustment, the signal will instead confirm a new downtrend. Optical resistance at 15.80, 16.43, and 17.36 is minimal compared to that volatile vacuum above $17.19. Like all breakouts, though, the level is hard to predict as there are no closes and few wicks around the peak, making the downside a potential bear trap and allowing any jump to run fast and far.
In other words, the ADX is showing that January’s one-way freight train has pulled into station $600, letting late bulls hop on and early bulls take partial profits off the table. BCH’s largest moves tend to come after the ADX compression sub-20, with September’s 18 reading coming before the $350 to $500 explosion in October. Until the ADX returns to 25 and signals another trending phase, day traders should be ready for sideways shuffle between $580 and $620.
20-Day EMA at $575 Becomes Critical Bull Defense After Supporting January Rally
The spread between each of these pairs remains healthily spaced, with opportunity for substantial short-term squeezes. The correlation has been maintained with each flip and retest over the past month – producing a pattern of higher-lows unique to BCH out of the majors. This leaves BCH with a full set of higher-highs to work towards, should the gain yesternight be consolidated.
Currently, bulls spent this week’s market hours beating the price back above the 20-day EMA. A close above the $575 ceiling/bearish triangle downtrend will be a big psychological advantage heading into the weekend. This weekend is the last “low volatility” window before the holidays really kick in. If bulls can lock in these gains and defend $575 into Monday, a Bitcoin surge above $6,000 becomes increasingly likely in the short term.
Resistance Wall at $631 Meets January FOMO – December Highs Prove Formidable
The nearest support levels begin with the 50-day moving average (DMA) at $420, followed by the 200-DMA near $375. There is also a deep volume shelf, which will support any selloffs down to the January breakout level. A decline below that would be catastrophic, possibly indicating a bull trap and starting a new downtrend.
There are primary weekly support confluences beginning with the $590 pivot that was tested perfectly in the minor retracement this week. Subsequent to that is the $568-575 EMA cluster with a solid technical save, while the $550 psychological level further bolsters the region. The monthly pivot at $518 is the final lifeline for the bulls on a weekly closing basis – any level below that would serve to trap the January FOMO […]
The current structure of the market is very similar to a classic continuation pattern. However, the market is consolidating gains and not reversing. With institutional backing via Bitwise, technical backing via EMAs, and both fundamental and technical relative outperformance to other L1s, this is an extremely constructive setup in general. Volume patterns are showing accumulation during the dips rather than distribution at the highs, and this tells me that the smart money is also watching this move.
Bulls Need Decisive Break Above $631 to Target $700 Measured Move
If BCH can post a daily close above December’s $631 high and do so with notable volume, the measured move from January’s breakout toward targets $695-700. Further underpinning this technical setup is that the recent Bitwise index fund rebalancing at the end of January will have included the month-to-date outperformance of BCH over most other large cap cryptos. This should see a flow of ongoing new money into BCH to bring it back into line with its 3.16% index weight.
If you mean more specific information about the event itself and the location, then I would have to say no. I can’t “see” anything if you know what I mean. But I am able to understand what you are looking for if you provide me with the necessary details.
