Bitcoin Cash (BCH) traded around $579 at the time of writing on Monday, January 26. While price remained largely constrained, bulls displayed signs of a potential bullish turnaround, this likely flip coming after the latest rejection at the $600 resistance level. Given, broader market pressures, including Bitcoin’s recent struggles following its dip from a $93,000 high, could dictate direction. Bitcoin Cash price performance Bitcoin Cash experienced a sharp rejection near the $600–$630 zone in the past week, dropping to lows near $565. This followed a period of volatility, with BCH fluctuating amid profit-taking and reduced trading volume. But despite a 3% decline in the past 24 hours and 6% this past week, the asset remains above $550. The uptick from intraday lows outlines underlying accumulation amid overall altcoin weakness. So while the $600 level could continue to act as a stubborn supply barrier, buyers have a chance at retesting it. Another rejection that mirrors the broader crypto trend, where assets like Ethereum and Bitcoin face similar hurdles, will jeopardise this outlook. Bitcoin Cash mirrors BTC As noted, Bitcoin’s slide to below $87,800 acted as a key catalyst for broader market moves. The pullback extended into early Monday, with BTC struggling to hold near the $88,000 level. Most major altcoins followed the same pattern, including Bitcoin Cash (BCH), triggering heavy liquidations across the market. While some smaller-cap tokens showed limited decoupling, BCH appears to be waiting for a clearer direction from Bitcoin. Ongoing consolidation, as buyers stepped in on dips, suggests BTC could remain range-bound between $87,000 and $93,000 in the near term. BCH’s rejection near the $600 level reflects a similar setup. However, like Bitcoin, it remains positioned for a potential rebound. A sustained move by BTC back above $93,000 could prompt renewed capital rotation into altcoins. BCH technical analysis Technical charts point to key bullish reversal signals for Bitcoin Cash in the short term. Among these is a prominent rounding bottom pattern on the daily timeframe, which began after a September 2025 rejection at $630 and a drop to $446. Currently, the retest of higher lows and compressing volatility suggest fading seller control. The flip side is buyer accumulation, with a decisive close above the $600–$630 neckline key to confirming the breakout. In this case, Bitcoin Cash needs to flip resistance to support, in which case, the $700-$800 zone becomes the next target range. Additional pointers include price bars holding above downward-trending moving averages on the 4-hour chart. The short-term bullish momentum score points to current prices as potential entries, with $550 a major support level. Also, the proximity to the 50-day SMA stands as a pivotal test level. Bitcoin Cash price chart by TradingView If there’s a broader market breakout, a move above $600–$630 could initially propel BCH toward $620–$650. An extension to $800 will follow if the rounding bottom validates. Failure at $590–$600 could lead to $558 or $509 pullbacks. The retest of the support levels could attract dip buyers amid Bitcoin’s stabilisation, and sustained higher lows could preserve the reversal setup. The post Bitcoin Cash price forecast: BCH hints at reversal after $600 rejection appeared first on Invezz
