Bitcoin Cash priceBCH

📈 Bitcoin Cash ($BCH) Shows Strong Momentum as Bulls Defend Key Support Bitcoin Cash ($BCH) is currently displaying clear technical strength, with price action signaling that bulls remain firmly in control. After forming a solid base, BCH delivered a strong impulsive breakout, pushing higher with conviction and leaving minimal overhead supply a classic sign of aggressive buying interest. Following this expansion, price has transitioned into a tight consolidation just above the breakout zone. Rather than signaling weakness, this behavior reflects healthy market acceptance. The pause appears corrective in nature, suggesting that buyers are holding their positions while the market digests recent gains instead of aggressively selling into strength. 🔍 Key Technical Structure The 585–588 support zone is now the most important level to watch. As long as BCH continues to hold above this area, the bullish structure remains intact and favors continuation toward higher liquidity zones. Consolidation above former resistance often acts as a launchpad for the next leg higher. A decisive breakdown back below the prior base would weaken this setup, but until that happens, the technical bias remains tilted to the upside. 🎯 Trade Setup (Momentum-Based Long) Entry Zone: 587 – 590 Target: 611 Stop Loss: 578 🧠 Trading Discipline Matters This setup favors patience and confirmation, not chasing price. Let BCH continue to respect the support zone, manage risk carefully, and stay disciplined. If structure holds, upside continuation remains firmly in play.

While Bitcoin (BTC) and altcoin prices continue to move sideways, the same is not true for whales. Although there is no movement in prices, large whales continue to trade. According to Lookonchain’s report, a newly created wallet deposited a total of $4 million worth of USDC into the platform over the past four days. It then opened transactions in Bitcoin and Ethereum. However, the whale is expecting a rise in one and a fall in the other. Specifically, the whale opened a long position in Bitcoin expecting an increase, while opening a short position in Ethereum. Accordingly, the whale opened a long position on 218.6 Bitcoin, worth $19.15 million, with 10x leverage. Conversely, it opened a short position on 5,294 ETH, worth $15.5 million, also with 10x leverage. Liquid prices were $71,392 for Bitcoin and $3,588 for Ethereum. Another whale acquired a large amount of ZEC. Lookonchain reported that a newly created wallet (t1XKfb) purchased 30,000 ZEC from Binance, worth $13.25 million. An institutional whale purchased a large amount of Worldcoin (WLD). Accordingly, a wallet (0xf000) affiliated with Multicoin Capital bought 60 million WLD, worth $30 million, at $0.50 per ton OTC. Lastly, Erik Voorhees, one of Bitcoin’s early advocates and founder of ShapeShift, once again exchanged his Ethereum for Bitcoin Cash (BCH). He has been exchanging his ETH for BCH in recent weeks. Lookonchain reported that Erik Voorhees invested another 1,635 ETH ($4.81 million) in THORChain, exchanging it for BCH. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

Hey Matrix Family, This one is showing clear strength on the chart. $BCH delivered a strong impulsive move from the lower base, breaking out with momentum and leaving very little supply behind. After the expansion, price has shifted into a tight consolidation just above the breakout zone, which is a healthy sign of acceptance rather than rejection. This pause looks corrective, suggesting buyers are holding control while the market digests the move. As long as $BCH continues to hold above the 585–588 support area, the structure remains bullish and favors continuation toward higher liquidity. A clean hold here keeps upside targets in play, while only a breakdown back below the base would weaken the setup. Trade Setup (Long – Momentum-Based) Entry Zone: 587 – 590 Target: 611 Stop Loss: 578 No chasing. Let price respect the support zone, manage risk properly, and stay disciplined.

BlockBeats News, December 25th, according to LookIntoChain monitoring, early Bitcoin evangelist Erik Voorhees's wallet once again deposited 1635 ETH (about $4.81 million) into THORChain for BCH exchange.