BCH Price Holds Steady During Market Slide — What Next for Bitcoin Cash?
Bitcoin Cash holds firm amid market sell-off, with a key liquidity zone at $603 potentially triggering more upside.
Bitcoin Cash has defied the broader crypto market downturn of the past 24 hours to record a modest 3% gain.
The move marks a continuation of BCH’s recent rally, which began on August 3. Trading at $590.30 at press time, the altcoin’s price has since soared 14% and is poised to keep increasing.
BCH Defies Bears; Key Liquidity Zone Could Unlock Fresh Upside
An assessment of BCH’s liquidation heatmap has revealed a concentration of liquidity at the $603 price zone.
BCH Liquidation Heatmap. Source:
A liquidation heatmap tracks clusters of leveraged positions in the market and highlights where large amounts of open interest could be triggered into buying or selling if the price reaches those levels. These areas of high liquidity are often color-coded to show intensity, with brighter zones representing larger liquidation potential.
When liquidity is concentrated above an asset’s current price, it indicates a potential “magnet” effect, where traders push the price upward to trigger liquidations and unlock that liquidity.
For BCH, the $603 zone could act as such a target, fueling further upside if bullish momentum persists.
Further, BCH’s climbing Relative Strength Index (RSI), which stands at 59.54 at press time, confirms this bullish outlook.
BCH RSI. Source:
The RSI measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and could be due for a price correction, while values under 30 indicate that the asset is oversold and may be primed for a rebound.
At 59.54 and rising, BCH’s RSI reflects strengthening bullish momentum. If it remains below the overbought threshold of 70, a sustained RSI uptrend with improving market sentiment would allow BCH’s price to see further upside.
Bitcoin Cash Poised for Breakout
Sustained buy-side pressure could push BCH’s price above the psychological $600 mark. If the altcoin establishes strong support near this price level, it could extend its rally toward $602.20.
BCH Price Analysis. Source:
However, if profit-taking resumes, BCH eyes a decline to $556.40.
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.
You may also like
How much CPO demand will Nvidia Rubin Ultra generate? Bernstein: Optical value per Pod will increase fivefold
Bernstein believes that the co-packaged optics (CPO) and fiber demand driven by Nvidia's Rubin Ultra architecture will surge significantly, with the optical content per Pod rising from $1 million to $5.4 million. This will propel the size of Nvidia's optical ecosystem market to $46.8 billion by 2028 (a 91% annual increase). Although the industry faces supply bottlenecks with InP substrates, the outlook remains positive. The institution reiterates its “outperform” rating for Lumentum, Coherent, and Ciena.
UBS Q3 implements a two-way strategy with gold options, heavily invests in technology stocks, and builds positions in SK Hynix (SKHY.US)
UBS Group (UBS.US) has submitted its Q3 holdings report (13F) as of September 30, 2026.
SpaceX (SPCX.US) reportedly attempts “de-Nvidiaization” at the rack level: developing Kessel cabinets to bypass L6 compute boards, purchasing only chips
SemiAnalysis: SpaceX has developed its own Kessel cabinet, bypassing Nvidia's L6 cards to provide more options for manufacturing its own hardware.
$3.7 billion “data center power equipment prepayments” abandoned! What did "the most active buyer of gas turbines", SoftBank, see?
In the second quarter of fiscal year 2026, SoftBank reported a net loss of $7.1 billion, primarily due to a $3.7 billion impairment charge from a $9.5 billion advance payment for power generation equipment for US data centers—of which about $2.9 billion was non-refundable and effectively lost. The CFO admitted that SoftBank placed orders before the project plan was finalized, and is now conducting a comprehensive review of its procurement strategy. "The most aggressive purchaser of gas turbines has now written off the deposit in this way."
Crypto prices
More
