Bitcoin Cash about to break through: Will the price rise above $565?

Bitcoin Cash about to break through: Will the price rise above $565?

On October 30, 2025, the price of Bitcoin Cash (BCH) stabilizes around $560, approaching a crucial resistance zone. This development is particularly interesting because the current market data is sending different signals. While on-chain data remains neutral, the futures market is showing slight bullish trends, indicating growing trader confidence. Loud FXStreet A decisive close above $565.1 could confirm BCH’s bullish trend in the near term.

The digital currency could see a further rise if it closes above the 78.6% Fibonacci retracement level at $565.1. Historically, BCH has often gained significantly when funding rates turn from negative to positive. As of Thursday, Coinglass's OI-Weighted Funding Rate shows a positive value of 0.0007%, meaning fewer traders are speculating on a price drop than those expecting a rise.

Looking at the futures data

In addition to market indicators, data analytics firm CryptoQuant shows that there is a slightly bullish outlook for BCH as whale activity increases in the futures market. According to the latest information, the long-to-short ratio of Coinglass for BCH is 1.14, which indicates a larger number of traders betting on a price increase.

In technical analysis, the Relative Strength Index (RSI), which is at 59, provides an indication of the bullish momentum present. Additionally, the Moving Average Convergence Divergence (MACD) is providing a positive signal after recording a bullish crossover last week. The rising green histogram bars above the neutral level support the bullish trend and suggest a possible continuation of the uptrend.

Support and resistance

The analyzed support and resistance levels are also crucial for the short-term price development of BCH. Currently, support is at the 50-day Exponential Moving Average (EMA) at $542.3. However, if BCH experiences a correction, the price could fall towards this support and possibly find a footing there.

Overall, the signs are pointing to an upswing for Bitcoin Cash at the moment. Traders and investors will be watching closely to see if BCH breaks above the psychologically important $565.1 level, which could serve as a catalyst for another rally.