- The price of Bitcoin Cash provided a strong break from the 100-day resistance level, providing buyers with the necessary support to recover.
- Instruments related to futures linked to BCH showed a significant decline during the session.
- Derivatives of the market indicate that today’s price increase resulted in a temporary withdrawal of $1.44 million, increasing buy orders in BCH.
Bitcoin Cash (BCH), the peer-to-peer digital currency, rose 4.13% during Wednesday’s US market hours to trade at $467. The buying pressure coincided with a broader rally to support the market as President Donald Trump expanded US-Iran ceasefire. However, the price of Bitcoin Cash increased as buyers broke the major 100-day resistance to support the recovery. Will BCH hit $500 again soon?
Crypto Market Hits $2.62T as Ceasefire Reduces Global Tensions
On April 22, 2026, the crypto market saw a surge in purchases that brought its market cap to $2.62 trillion, following an intraday rise of 2.1%. The cause of the crisis was the easing of tensions between the countries, when the US President, Donald Trump, announced that he would extend the US-Iran ceasefire.
In his latest statement on justice, the temporary cessation of hostilities between the United States and Iran has been extended indefinitely after a move from Islamabad. Underscoring that the current government in Tehran is deeply divided, the White House confirmed that the military strike will take place until Iran’s leaders can come to a consensus.
The diplomatic move comes after Pakistan’s top leadership has asked to buy more time for talks. Although direct fighting has stopped, the naval blockade continues as the American military is on standby and can operate at any time.
However, Bitcoin Cash derivative futures contracts have not seen any significant returns. BCH open interest (OI) remains at the level of $600 million as of Coinglass dataindicating that low-cost traders remain reluctant to participate.
This slow pattern shows speculative demand and market volatility, indicating that traders are still unsure of the stability of this price movement.
Therefore, the lack of strong growth of OI can affect the quality of the movement BCH4.77% unless they are followed by new responsibilities by organizations or individuals with a high degree of trust.
Bitcoin Cash Price Offers Breakout From 100-Day Control
With today’s high prices, a The price of Bitcoin Cash it presented a definite threat from the main resistance movement on the daily chart. From mid-January 2026, this strategy acted as an antidote to BCH buyers, maintaining a sell mentality in the market.
Therefore, the recent breakout signals a market reversal, giving buyers the right starting point to drive the recovery. The strong ADX (Average Directional Index) indicator at 21% and falling indicates that the upward momentum is slowing down.
With continued buying, the subsequent rally could push the price of Bitcoin Cash another 22.5% to hit $570, followed by a jump to $640.
In fact, if the price of Bitcoin Cash faces further pressure to sell near $484, the long-term trend may remain on the sidelines.
