Share this article
BCH Stumbles at $467 After Triple Rejection, Ends Slightly Down Despite High-Volume Rebound
Bitcoin Cash dipped to $452.13 after repeated failures to break $467, with volume-driven rebounds unable to sustain momentum amid macro and regulatory volatility.
Jun 24, 2025, 7:09 p.m.
What to know:
- BCH was rejected three times at the $467 resistance level following a high-volume surge.
- Strong buyer interest emerged near $450, helping form a short-term support zone.
- Volatility increased in the final hour as BCH formed a V-pattern recovery with rising volume.
is trading at $452.13, down 0.54% over the past 24 hours, after failing to breach the $467 resistance level across multiple tests, according to CoinDesk Research's technical analysis model.
The token briefly surged near that level late on June 23, gaining nearly 3% during a high-volume spike, but was subsequently rejected twice more, reinforcing the significance of that barrier. A descending trendline formed during the corrective pullback, with lower highs establishing a bearish short-term tone.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
On the regulatory front, Federal Reserve Chair Jerome Powell announced that U.S. banks now have the freedom to determine their digital asset customer base without prior regulatory pre-approval. This policy shift effectively removes institutional adoption barriers and is considered a meaningful step toward greater integration of crypto within the traditional financial system.
Technical Analysis Highlights
- BCH traded in a $19.76 range (4.4%) from $449.61 to $469.63 over 24 hours.
- At 22:00 on June 23, BCH surged nearly 3% on 79,485 volume units, setting resistance at $467.
- The $467 level was tested and rejected two more times, confirming strong overhead resistance.
- Support formed around $450 with significant volume accumulation between 15:00–16:00.
- A descending trendline of lower highs emerged following the initial spike, signaling bearish momentum.
- A V-shaped micro-trend formed during the final hour, with a bounce from $449.94 to $451.31.
- Volume spiked during the 18:17–18:19 drop and again on the 18:30–18:32 recovery.
- A short-term support zone developed near $450 after repeated successful retests.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
