- Bitcoin Cash price gave a bullish breakout from the 100-day resistance trend line, providing buyers with adequate support for the next recovery jump.
- Instruments linked to BCH-linked futures showed minimal capital outflows during the rally phase.
- Derivative market data shows that today’s price jump led to a short liquidation of $1.44 million, boosting buy orders at BCH.
The price of Bitcoin Cash (BCH), the peer-to-peer electronic cash system, rose 4.13% before US market hours on Wednesday to trade at $467. The buying pressure is in line with the broader market rally as President Donald Trump extends the lockdown Ceasefire between the United States and Iran. However, BCH price gained additional momentum as buyers broke the key 100-day resistance trend line to fuel further recovery. Will BCH refund $500 soon?
Cryptocurrency market reaches $2.62 trillion as ceasefire eases global tensions
On April 22, 2026, the cryptocurrency market saw a notable spike in buying pressure raising its market value to $2.62 trillion, after an intraday rise of 2.1%. The main catalyst for this boom was the easing of geopolitical tension, as US President Donald Trump announced the extension of the ceasefire between the United States and Iran.
In his latest post on Truthsocial, the temporary cessation of hostilities between the US and Iran has been postponed indefinitely following high-level intervention from Islamabad. The White House stressed the fact that the current regime in Tehran is deeply divided, and stressed that military attacks will stop until Iranian leaders can present a unified proposal.
This diplomatic change comes after Pakistan’s senior leadership made calls to gain more time for negotiation. Although direct fighting has stopped, the naval blockade will continue because US forces are on alert and can act at any time.
However, Bitcoin Cash derivatives futures did not see any significant capital inflows. BCH’s open interest (OI) remains at around $600 million as per benchmarks Coinglas dataWhich shows that leveraged traders are still reluctant to get involved.
This sluggish pattern indicates low speculative demand and a conservative stance of the market, indicating that traders are still not convinced of the sustainability of the current price movement.
Therefore, the lack of strong growth in OI may limit the positive momentum in Biosafety Clearing-House4.77% Unless it is complemented by a new positioning by institutional bodies or actors with high conviction.
Bitcoin Cash price gives breakout from 100-day correction
With today’s price jump, Bitcoin cash price It gave a decisive breakout of the main resistance trend line on the daily chart. Since mid-January 2026, this trend line has been acting as dynamic resistance against BCH buyers, maintaining selling sentiment in the market.
Thus, the recent breakout signals a change in market dynamics, providing buyers with a suitable launching pad to drive a price recovery. The ADX (Average Directional Index) momentum indicator at 21% and falling indicates that the prevailing downward momentum is weakening.
With continued buying, a post-breakout rally could push BCH’s price another 22.5% to $570, followed by a jump to $640.
Conversely, if Bitcoin Cash price faces renewed selling pressure at immediate resistance of $484, the short-term path may remain sideways.
