Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin cash price: bulls eye $1,000 as BCH hits yearly high

Bitcoin cash price: bulls eye $1,000 as BCH hits yearly high

CoinjournalCoinjournal2025/09/18 09:15
By:Coinjournal
Bitcoin cash price: bulls eye $1,000 as BCH hits yearly high image 0
  • Bitcoin Cash price rose 6% to above $646 for the first time since December 2024.
  • Fed’s rate cut and SEC’s regulatory move bolstered investor sentiment.
  • Momentum could see BCH eye key resistance levels and potentially the psychological $1,000 mark.

Bitcoin Cash (BCH) has surged by more than 6% in the past 24 hours to hit highs of $646, a year-to-date high that could see bulls target another leg to $1,000.

As bullish momentum builds in the cryptocurrency market, with eyes on broader market movement after the Federal Reserve cut its interest rate by 25 basis points, Bitcoin Cash is poised.

Bitcoin cash price jumps to year-to-date high amid Fed’s rate cut

Bitcoin and altcoins showed resilience after the Federal Reserve’s decision to implement a 25 basis point interest rate cut on September 17, 2025.

While BTC and top alts did not skyrocket, the 25bps rate cut provided some tailwind for risk assets, including cryptocurrencies.

That’s because the Fed’s first cut of 2025 signals a shift toward more accommodative monetary policy, with eyes on inflation and labor market conditions.

Bitcoin Cash is among the cryptocurrencies to experience a surge in its price.

According to data from CoinMarketCap, the BCH price climbed more than 6% in the 24 hours to hit highs of $646, its highest level since December 2024.

Bitcoin Cash’s year-to-date low is $268, and it has extended upside action in the past day in the wake of the Fed cut brings yearly price surge to 102%.

BCH: What’s the outlook as bulls target 1,000?

The Bitcoin Cash spike comes amid a technical breakout, with bulls extending gains after an ascending triangle pattern formed on the daily chart. Buyers have also taken out bears at a key level with a broadening wedge pattern.

The Moving Average Convergence Divergence (MACD) indicator shows positive divergence, with the histogram expanding above the zero line. Meanwhile, the Relative Strength Index (RSI) stands at 64.

Bitcoin cash price: bulls eye $1,000 as BCH hits yearly high image 1 Bitcoin Cash price chart by TradingView

Given momentum and potential tailwinds, bulls might fancy a move to $1,000, a psychological milestone.

As well as technical strength, a confluence of other catalysts will include regulatory advancements and favorable macroeconomic conditions.

Notably, the US Securities and Exchange Commission has approved generic listing standards, streamlining approvals for spot crypto exchange-traded funds.

This rule change, affecting exchanges like Nasdaq, NYSE Arca, and Cboe BZX, eliminates case-by-case reviews, paving the way for faster launches of products such as those likely to be linked to BCH.

The ETF buzz, the Fed’s rate cut and anticipation of three more reductions in 2025 are fueling optimism.

Key resistance lies at $634, a level that, if breached on high volume, could trigger buy-side pressure toward $721.

If bulls maintain pressure, the next barrier would be around $800 before the psychological $1,000 comes into view. On the downside, primary support is likely at $592 and $530.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!