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Bitcoin News Update: Institutional Endorsement Fuels Bitcoin Cash Surge Beyond $550

Bitcoin News Update: Institutional Endorsement Fuels Bitcoin Cash Surge Beyond $550

Bitget-RWA2025/10/31 16:44
By:Bitget-RWA

- Bitcoin Cash (BCH) surged past $550 in early October 2025, driven by a 328% trading volume spike signaling strong institutional and retail participation. - Technical indicators confirmed an uptrend with consolidation between $553-$556, supported by higher lows and bullish RSI/MACD readings. - T. Rowe Price's BCH ETF inclusion and reduced Mt. Gox liquidation fears validated institutional confidence, while futures open interest rose 13.8% to $382.96M. - A $565.1 breakout could target $651, but a drop below

In early October 2025, Bitcoin Cash (BCH) soared above $550, fueled by a remarkable 328% jump in trading activity that reflected robust interest from both institutional and retail investors. The digital asset advanced 2.6% to reach $554.52, surpassing major resistance levels following a surge of 130,078 units traded at 1 a.m. UTC, as highlighted in a

. This price action established a bullish pattern, with technical analysis indicating a consolidation range between $553 and $556 as market participants assessed the durability of the new support area. CoinDesk observed that the rally was supported by a series of higher lows at $528.55 and $534.36, strengthening an upward trendline since October 30.

Weekly data further reinforced the breakout, with

appreciating 4.8% against the US dollar, while (BTC) slipped by 1.2% over the same timeframe. A subsequent dip to $553.58 in the hours that followed reflected cautious optimism, as buyers maintained support to avoid a downward reversal. CoinGlass analysts pointed to a 13.8% rise in BCH futures open interest, reaching $382.96 million, indicating increased speculative activity, according to an . At the same time, the open interest-weighted funding rate turned positive at 0.0007%, showing that long positions were compensating shorts—a pattern historically associated with upcoming price surges, as noted in an .

Bitcoin News Update: Institutional Endorsement Fuels Bitcoin Cash Surge Beyond $550 image 0

Technical experts highlighted several important price points for BCH. Immediate support was identified at $553.50, with attention on a possible retest of the previous resistance at $547, now acting as support. On the resistance side, $558.25—an earlier peak—was marked as the next significant barrier. Surpassing this level could pave the way for a move toward $615, a target referenced by various models in a

. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) signaled bullish momentum, with RSI at 59 and MACD turning positive, as reported by FXStreet.

Trading volume trends highlighted the rally’s strength. The 130,078-unit spike at 1 a.m. UTC represented a 328% increase over the average, while 24-hour volume jumped 65% to $774.45 million, based on CoinPedia’s data. This strong performance coincided with easing concerns over a $4 billion Bitcoin and BCH liquidation from the Mt. Gox case, which was postponed to 2026. Institutional interest also contributed, with T. Rowe Price’s inclusion of BCH in a crypto ETF application cited as a key driver by CoinPedia.

Market sentiment for BCH diverged from the broader crypto landscape. While BCH’s short-term prospects remained positive, other cryptocurrencies such as

and showed mixed signals. XRP approached $2.51 within a descending triangle, with bulls aiming for a breakout toward $3.00–$3.20 ahead of the ETF launch window, according to a .

Looking forward, BCH’s path depends on maintaining high volume and overcoming resistance. Closing above $565.1 could propel the price toward $651, aligning with the 78.6% Fibonacci retracement level cited by FXStreet. Conversely, falling below the $542 support could prompt profit-taking and a retest of the 200-day EMA at $531, as previously mentioned by FXStreet. Experts advise that while on-chain indicators remain neutral, the bullish tilt in the futures market points to ongoing optimism.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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