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BCH’s large transactions fell below $200 million from $900 million in July, indicating a decline in participation in whales that is rising in price. Cryptocurrency closed at $560.70 with bullish momentum, but faces resistance at 580-590 levels with potential backrest to reach $650.
Bitcoin Cash
BCH
$558.4
24-hour volatility:
2.4%
Market Cap:
$11.11 b
Vol. 24H:
$288.72 m
It reached $580 on Monday, August 4th, earning a 6% stay in the wide range of Altcoin revivals. Bitcoin
BTC
$115 144
24-hour volatility:
0.7%
Market Cap:
$2.29 t
Vol. 24H:
$32.39 b
Another big influx from Metaplanet, a top altcoin like Ethereum, hovered at upside below $115,000 for under 2%
ETH
$3 717
24-hour volatility:
6.1%
Market Cap:
$448.53 b
Vol. 24H:
$27.88 b
XRP
XRP
$3.07
24-hour volatility:
4.9%
Market Cap:
$182.31 b
Vol. 24H:
$6.27 b
and the BCH all exceeded 5% turnover at press.
Despite the bright emotions, BCH on-chain metrics reveal early attention signals. According to IntotheBlock, the large BCH transactions (over $100,000) that exceeded $900 million in July fell below $200 million for the first time in 20 days on Sunday, August 3rd.
Bitcoin Cash Large Trading Count | Intotheblock, August 4, 2025
Such a drop in whale activity during price gatherings is often interpreted as a bull trap signal for two important reasons. First, this indicates a limited conviction among wealthy investors, reducing the likelihood that BCH prices will last. Second, the deep lack of liquidity from whales exposes prices to higher volatility and sharper setbacks when market sentiments fluctuate.
Still, the fact that BCH and other top altcoins outweigh Bitcoin highlights an increase in short-term risk appetite. This could mean that Bitcoin cash prices will continue to consolidate key support levels in the short term. However, unless the whale’s demands rebound immediately, BCH may struggle to violate the massive sales walls looming overhead near $600 territory.
BCH Price Prediction: $650 Resistance Zone Faces Bullish But Vulnerable Moment
Bitcoin Cash closed its candles on Monday at $560.70, up over 3% with strong green candles bouncing off the eight-day SMA (blue line). As shown below, BCH Price violated the 552.4 level (13 days SMA). This is a major support that has been reversed from recent resistance, signaling a bullish follow-through after two days of DIP.
However, the long upper core, close to the $580 level, where prices met resistance, shows a sharp rejection from the main selling barrier. The volume bar shows an increase in buyback pressure, but not the peak level seen during the breakout in late July. Without a significant increase in whale transactions, BCH could struggle to convene volume support and violate its sales wall.
The presence of the red down arrow reflects the previous zone of rejection that suppressed upward movement near this band.
Bitcoin cash price forecast
In particular, Bitcoin Cash is currently trading beyond three super SMAs (5, 8, 13) and forms a short-term bullish crossover pattern. Immediate resistance lies between $580 and $590. Daily closures beyond this range could pave the way for testing the next psychologically significant resistance at $650.
However, the Bull Bear Power (BBP) at 28.6 remains in the neutral territory, suggesting that momentum is built but not yet crucial.
If BCH Price decisively closes $590 in the next few trading sessions, the Bulls could aim for $650 as they unfold in August 2025. On the downside, if you can’t hold $552, you can retest a support band with a price of $530.
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Disclaimer: Coinspeaker is committed to providing fair and transparent reporting. This article is intended to provide accurate and timely information, but should not be considered financial or investment advice. Market conditions can change quickly, so we recommend that you review your information yourself and consult with an expert before making a decision based on this content.
Ibrahim Ajibade is a veteran research analyst with a background in supporting a variety of Web3 startups and financial organizations. He holds a bachelor’s degree in economics and currently holds a master’s degree in blockchain and distributes ledger technology at the University of Malta.
Ibrahim Ajibade on LinkedIn
