Bitcoin Cash Price Forecast: Can BCH Surge From $580 to $649?

• Bitcoin Cash is trading near $580 amid declining volume and short-term volatility.
• Technical indicators suggest a critical test of resistance around the $605 level.
• Long-term forecasts point to potential upside despite current market uncertainty.

Bitcoin Cash (BCH) is currently trading at$580.54 at the time of reporting, reflecting a daily decline of 2.55%, according to market data. Despite the intraday pullback, the asset has posted a marginal weekly gain, rising 2.23% over the past seven days. Trading activity, however, has weakened significantly, with 24-hour volume falling to $274.6 million, a sharp drop of 54.66%.

The contraction in volume suggests cautious sentiment among traders, even as prices hold relatively steady. Market participants appear to be reassessing near-term direction following recent volatility, with BCH struggling to sustain upward momentum above key technical levels. 

The subdued trading activity also reflects broader conditions in the digital asset market, where investors have shown reduced risk appetite amid mixed macroeconomic signals.

Bitcoin Cash Consolidates Near Key Demand Zone

According to crypto analyst Open4profit, Bitcoin Cash recently consolidated around a demand zone before staging a brief upward move. The price attempted a breakout toward the $605 resistance level but failed to maintain momentum, resulting in what the analyst described as a false breakout.

Currently, BCH is trading just below this resistance line, signaling an ongoing attempt to regain bullish strength. Open4profit noted that a confirmed break above $605 could open the door for a retest of the $649 level, which is viewed as a major resistance zone. Until such a breakout occurs, price action is expected to remain range-bound, with traders closely monitoring volume and confirmation signals.

This technical setup places BCH at a critical juncture, where sustained buying pressure could shift market structure, while rejection at resistance may trigger renewed consolidation or short-term downside moves.

Also Read | Bitcoin Cash (BCH) Technical Outlook Signals Short-Term Pause Before $615 Rally

BCH Price Prediction for 2025

According to DigitalCoinPrice, BCH could approach the $681.22 level by the end of the year. The projection notes that price fluctuations earlier in the year marked a notable period of weakness, but analysts believe the asset is positioned for recovery.

According to the forecast, Bitcoin Cash may eventually surpass its previous all-time high of $4,355.62, with expectations that it could stabilize within a range of $657.26 to $681.22 in the nearer term. While such projections are speculative and subject to market conditions, they reflect confidence among some investors and market observers in the long-term potential of the asset.

Also Read | Bitcoin Cash (BCH) Bulls Gain Strength, Setting Eyes on $680 Level