Key Insights
- •Bitcoin Cash price jumped by 14% over the past seven days with potential for a bullish continuation to $800.
- •The cryptocurrency is pressing against a long-term descending resistance line after months of slow, steady movement.
- •Bitcoin Cash network’s hashrate climbed to new highs and is now at similar levels last seen in 2017.
Bitcoin Cash (BCH) emerged one of the top performing cryptocurrencies this week with a 14% gain over the past seven days.
The hard fork token is now almost to test $600 with the price at $594 at the time of writing.
A popular top analyst on X spotlighted a bullish flag with two Bitcoin Cash price targets at $850 and $1000, respectively.
Meanwhile, the miner hashrate for generating BCH has climbed to levels last witnessed in 2017, which is a good sign for an upcoming price climb.
Bitcoin Cash (BCH) Price Surges Amid Bullish Flag and Long-Term Trendline
Bitcoin Cash price jumped by 14% this week and is almost testing the $600 psychological support.
The cryptocurrency is showing real strength on the weekly chart and as per trader and investor Alex Clay, BCH technical setup exhibited a bullish flag with two major targets at $850 and $1000.
As per the analysis, Bitcoin Cash (BCH) price is now pressing against a long-term descending resistance line after months of slow, steady movement.
The resistance line rejected BCH price a couple times since 2023. Those past rejections are clear on the chart, and this zone has acted as a firm ceiling.
This time, though, the picture is shifting. Buyers have been active on every dip, and the series of higher lows shows that demand is steadily building. That alone is a meaningful change in momentum.
Recent price action has formed a clean bullish flag just below the major resistance area. It’s the kind of pattern you often see when a market is resting before its next move.
The fact that it’s forming here, right up against long-term resistance, suggests buyers are not hesitating—they’re regrouping.
The pullbacks inside the flag have been shallow, and the recoveries have been quick. That kind of controlled consolidation often appears before a breakout.
A weekly close above the descending trendline would open the door to levels that BCH hasn’t touched since early 2024.
The next major levels to watch are $850 and $1,000. Both match previous supply zones on the chart.
A breakout from the flag with strong volume would confirm that buyers are in full control.
For now, the chart still looks constructive. Momentum is improving, and Bitcoin Cash appears close to a strong move to the upside.
Hashrate Breaks 2017 Levels, Signaling Strong Network Support
Bitcoin Cash network’s hashrate climbed to new highs and is now at similar levels last seen in 2017. For a proof-of-work network, this is important.
A higher hashrate means stronger security and growing miner confidence. By mid-2025, that steady rise in miner hashrate turned into a clear breakout.
With the network now above 7.64 EH/s, Bitcoin Cash is operating at its strongest security level since it launched.
As the hashrate breaks higher, the BCH price is testing a major multi-year resistance area. Strong network activity during a key technical moment often gives the market extra support.
Looking ahead, the price of Bitcoin Cash (BCH) trades near $595 with a solid support level at $516.
The bulls’ ability to hold steady and sustain strength above the key support zone is crucial for a price rally towards $650; this will set up a golden crossover—a bullish signal that often marks the start of stronger upward momentum.