Bitcoin Cash (BCH) has recently emerged as one of the standout performers in the cryptocurrency market, rallying from a low of $321 earlier this month to reach $488 across major exchanges. This surge marks the highest price level for BCH since early June, when it briefly dipped below the $500 threshold. With Bitcoin (BTC) continuing to set new all-time highs—surpassing $93,000—altcoins like Bitcoin Cash are benefiting from the broader bullish momentum.
The 35% gain over the past week signals strong buying interest and sets the stage for a potential breakout above the psychologically significant $500 resistance level. Should this hurdle be cleared, market analysts anticipate a move toward $750, which would represent a new year-to-date high and reignite long-term bullish sentiment among investors.
👉 Discover how market momentum could push BCH past key resistance levels.
Bitcoin Cash Targets Multi-Year High Amid Market Recovery
Launched as a hard fork of Bitcoin in 2017, Bitcoin Cash was designed to address scalability issues by increasing block sizes, allowing for faster and cheaper transactions. Since then, it has undergone further splits, including the creation of Bitcoin SV and Bitcoin Cash ABC in 2018 and 2020, respectively.
Despite its foundational role in the crypto ecosystem, BCH has struggled to reclaim its former glory. Its peak of $3,785 in December 2017 remains untouched, although it did reach over $1,500 in May 2021 during the last major bull run. Earlier this year, BCH briefly climbed above $680 amid growing optimism following the U.S. Securities and Exchange Commission’s approval of spot Bitcoin ETFs—a regulatory milestone that boosted investor confidence across the board.
After a subsequent correction, Bitcoin Cash found support on November 5, coinciding with the U.S. election day, and began a steady recovery. The current rally to $488 reflects renewed institutional and retail interest, particularly as Bitcoin continues to dominate headlines with record-breaking performance.
If bullish pressure persists and buyers successfully push past $500, the next major target lies at $750. Clearing this level would not only confirm a sustained uptrend but also attract fresh capital from traders seeking leveraged exposure to mid-cap altcoins.
On-Chain Data Shows Strong Holder Profitability
According to IntoTheBlock data, approximately 77% of Bitcoin Cash holders are currently in profit at current price levels. Only 20% are underwater, while 3% are at breakeven. This distribution indicates strong network health and suggests that most investors have favorable entry points.
As prices rise further, more addresses will enter profitable territory, potentially triggering waves of profit-taking. Historically, such behavior often leads to temporary pullbacks or retests of key support zones around $420–$440. However, if buying volume remains robust, these dips could serve as accumulation opportunities rather than trend reversals.
Market analysts emphasize that sustained trading above $500 would be a critical confirmation signal, likely unlocking algorithmic and institutional buying programs that have been waiting on the sidelines.
Upcoming Network Upgrade Set for May 2025
In a recent update shared on X (formerly Twitter), Bitcoin Cash developer Jason Dreyzehner confirmed that a major network upgrade scheduled for May 2025 is now active on chipnet at block 227,228. This upgrade introduces two critical Bitcoin Cash Improvement Proposals (CHIPs) aimed at enhancing smart contract functionality and computational precision on the blockchain.
Targeted Virtual Machine Limits (VM Limits CHIP)
The first proposal focuses on optimizing the Bitcoin Cash virtual machine by retargeting VM limits. This adjustment reduces computational overhead, decreases transaction sizes, and simplifies contract audits. By streamlining execution efficiency, developers can deploy more complex decentralized applications (dApps) without compromising network stability.
Use cases enabled by this improvement include:
- Quantum-resistant cryptography implementations
- Secure settlement layers
- Escrow and multi-signature protocols
- Zero-knowledge proof integrations
These advancements position Bitcoin Cash as a more viable platform for enterprise-grade applications and privacy-preserving technologies.
BigInt CHIP: High-Precision Arithmetic for Smart Contracts
The second component—BigInt CHIP—introduces high-precision arithmetic capabilities to the BCH blockchain. This allows contracts to perform calculations with significantly greater accuracy and scale, reducing contract length by more than tenfold in some cases.
Previously theoretical applications, such as:
- Advanced automated market makers (AMMs)
- Decentralized exchange (DEX) protocols
- Collateralized lending platforms
- Decentralized stablecoin systems
- Cross-chain bridge mechanisms
—are now technically feasible and economically viable on Bitcoin Cash.
Dreyzehner emphasized that these upgrades collectively enhance security, scalability, and competitiveness, ensuring Bitcoin Cash remains relevant in an increasingly sophisticated blockchain landscape.
👉 See how upcoming upgrades could transform BCH into a smart contract powerhouse.
Frequently Asked Questions (FAQ)
Q: What is the current price of Bitcoin Cash?
A: As of this writing, Bitcoin Cash is trading near $488, approaching the critical $500 resistance level.
Q: Can Bitcoin Cash break above $500?
A: Yes—strong momentum and positive market conditions suggest a breakout is possible if buying pressure continues. A close above $500 on weekly charts would confirm bullish continuation.
Q: What is the next price target after $500?
A: The next major resistance level is $750, which would mark a new high for 2025 and potentially trigger further upside momentum.
Q: Is Bitcoin Cash a good long-term investment?
A: With upcoming upgrades enhancing smart contract capabilities and growing adoption in DeFi use cases, BCH presents compelling long-term potential—especially if it maintains alignment with broader Bitcoin trends.
Q: When is the next Bitcoin Cash upgrade?
A: The May 2025 upgrade is already active on testnet (chipnet). It includes two key proposals—Targeted VM Limits and BigInt CHIP—to improve scalability and precision.
Q: How does Bitcoin Cash differ from Bitcoin?
A: Bitcoin Cash features larger block sizes (32MB vs. 1MB), enabling faster and cheaper transactions. It prioritizes peer-to-peer electronic cash use over store-of-value functions emphasized by BTC.
Final Outlook: Will BCH Sustain Momentum?
Bitcoin Cash’s recent rally reflects more than just speculative momentum—it signals growing confidence in its technological roadmap and utility evolution. While historically viewed as a payments-focused cryptocurrency, the upcoming May 2025 upgrades are transforming BCH into a platform capable of supporting advanced decentralized finance (DeFi) applications.
With over three-quarters of holders already in profit and BTC leading the macro market higher, the path toward $750 appears increasingly plausible. Traders should monitor volume patterns and on-chain activity closely, particularly around the $500 zone, to assess breakout validity.
👉 Explore real-time price action and tools to track BCH's breakout potential.
As the broader crypto market matures, assets like Bitcoin Cash that combine strong fundamentals with timely innovation stand to benefit disproportionately. Whether you're a short-term trader or long-term holder, staying informed about protocol developments and market dynamics will be key to maximizing returns in this evolving cycle.