Bitcoin Cash Price Forecast – Why BCH Could Rally to $600 Soon

Highlights:

• Bitcoin Cash has rallied through multi-day resistance at $562.54
• BCH gains driven by Tether’s decision to continue stablecoins on the BCH network
• Continuation of the rally could see BCH hit $600 soon 

Bitcoin Cash (BCH) is sending bullish signals on a day that the broader market shows mild rebound signals. In the last 24 hours, Bitcoin Cash is up 6.57% to trade at $569.59. There has also been a significant increase in Bitcoin Cash trading volumes in the last 24 hours. They have surged by 60.24% to stand at $440 million. This surge in trading volumes on the day the price is going up is a bullish signal. It is a hint that investor interest is on the rise, anticipating more upside in the short to medium term. The excitement around Bitcoin Cash is based on solid ground, as multiple factors could trigger a rally in the short term. 

Bitcoin Price Action Likely to Boost BCH Upside Momentum

One of them is that Bitcoin shows signs of a bullish reversal. Recently, Bitcoin dropped below $110k, which led some analysts to speculate that bullish momentum was in decline and that Bitcoin could soon drop below $100k. However, bears appear to be losing steam. In the last 24 hours, Bitcoin has shown signs of a rebound, pushing through $110k with volumes rising.

Can $Bitcoin Rebound to $120K?
Currently at $108,450, Fib support $104.7K

🔹 Upside potential: $112K → $120K–$123K 🎯
🔹 RSI ~37: Downside momentum⚖️
🔹 Losing $104K could expose to $100K support 🚨
👉 The $104K–$108K zone is the battleground that will decide Bitcoin’s next big… pic.twitter.com/s7q3u2t6Vh

— Crypto Zayn (@Zaynnode) August 30, 2025

While the overall momentum remains weak, the odds of a correction below $100k have been invalidated. With confidence in a Bitcoin rebound rising, Bitcoin Cash will likely keep pushing higher. That’s because, like all altcoins, Bitcoin Cash usually moves in the overall direction. This is already evident in the last 24 hours, when Bitcoin Cash has gained by 6% after Bitcoin made a slight bump of only 1.68%.  

Tether News Boosts Confidence In Bitcoin Cash Network Liquidity

Besides the influence of Bitcoin’s price action, Bitcoin Cash is today benefiting from news related to Tether, one of the most critical players in the stablecoin market. Earlier, Tether had announced that it would discontinue USDT issuance on several blockchains, including Bitcoin Cash. This would have been a big hit for Bitcoin Cash regarding network liquidity. 

However, Tether has reversed this decision and announced that it will continue to allow USDT transfers on the BCH network. This has assured Bitcoin Cash of liquidity while reigniting investor confidence in Bitcoin Cash. This happening at a time when the market is showing signs of a rebound could help push BCH higher in the short term.

Tether Provides Update on Transition Plan for Legacy Blockchains
Learn more: https://t.co/XDoTUQNUbm

— Tether (@Tether_to) August 29, 2025

Interest Rate Cut Could Add to Bitcoin Cash Momentum

Then there are the macro factors, particularly the upcoming interest rate cuts in the US. On August 22, the Federal Reserve chairman took a dovish stance and hinted at a rate cut this month. This has excited the market as it would mean a massive capital injection into the cryptocurrency market and other risk-on assets. This could push Bitcoin to over $150k and likely trigger a Bitcoin Cash rally to new all-time highs within the year.

📈 #Silver prices have reached a 14-year high amid growing expectations that the US Federal Reserve (#FED) will cut interest rates this month.

🧐 According to the #machinelearning model, the bands are down, and the price is above the upper band, indicating anomalous price… pic.twitter.com/qnOVcvzmMk

— DataGeeek (@data_geeek) September 1, 2025

Technical Analysis – BCH Price Breaks Multi-Day Resistance

After consolidating for days, Bitcoin Cash bulls have taken control and pushed the price through the $562.54 multi-day resistance. If bulls maintain control, Bitcoin Cash could rally to $600 in the short term.

On the other hand, if bulls lose momentum, Bitcoin Cash could consolidate around $562.54, which is now a support level. Of the two scenarios, the odds are higher for a rally to $600. That’s because, aside from the fact that bulls are taking control of Bitcoin Cash due to internal factors, the macro environment favors risk-on assets.