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Bitcoin's Offshoot, BCH, Edges Up 1% to Challenge Downtrend
Minor gains accompanied by elevated volume suggest underlying accumulation despite muted price action.
Oct 28, 2025, 6:01 p.m.
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What to know:
- Bitcoin cash (BCH) rose over 1% in the past 24 hours, testing a bearish trendline and showing potential for upward movement.
- Trading volume for BCH increased by 45.8% above its 30-day average, indicating heightened market interest.
- Despite the price rise, BCH faced resistance at the $570-571 level, suggesting significant overhead resistance remains.
Bitcoin's offshoot demonstrated relative strength in the past 24 hours, rising over 1% to challenge a bearish trendline.
The cryptocurrency climbed from $561 to $564, testing the trendline that connects the October high with the higher peak reached in September. A breakout above same would cement the recent price action that seen prices rise by $100 since the crash of Oct. 17.
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The latest upswing is characterized by trading volume rising 45.8% above its 30-day average signaling increased interest. Yet, prices faced rejection at $570-571 resistance despite constructive accumulation patterns.
Key insights
- The token established a volatile range-bound structure with a $19.75 total range, representing 3.5% volatility.
- Volume hit a peak of 86,909 BCH at 14:00 UTC—158% above the session average.
- Prices touched session highs near $570.88 before encountering rejection at the $570-571 resistance zone.
Takeaway
- The above-average volume, coupled with contained price movement, creates a technical setup where BCH builds a foundation for potential upward movement.
- The muted price response despite elevated trading activity suggests overhead resistance remains meaningful.
- A decisive breakout above current levels requires sustained buying pressure or broader crypto market momentum.
Key technical levels
Strong support observed near $551-555 range ,while resistance emerged at $570-571 levels during the European session.
Range-bound structure with $19.75 total range (3.5%) shows higher lows formation during 60-minute timeframe from $562.20 to $563.49
BCH could potentially test the $565-570 resistance zone, with momentum accelerating during European session, building on the constructive accumulation patterns developed from overnight lows.
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.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
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- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Here’s why bitcoin’s is failing its role as a 'safe haven' versus gold
Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash.
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- During recent geopolitical tensions, Bitcoin lost 6.6% of its value, while gold rose 8.6%, demonstrating bitcoin's vulnerability in times of market stress.
- Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash, contrary to its reputation as a stable digital asset.
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