Bitcoin Cash (BCH) has achieved a significant milestone in September 2025, breaking above $600 and delivering impressive year-to-date gains of 145% from its April low of $250. The cryptocurrency's steady climb has been characterized by strong underlying fundamentals rather than speculative pumps.
Three key bullish signals are driving optimism among analysts: First, the network's average transaction value reached a new peak of $32,700 in September, historically a precursor to price rallies. Second, Bitcoin Cash's hashrate hit an all-time high of 6.11 EH/s, indicating enhanced network security and growing miner confidence. Third, mining difficulty climbed to its highest point in three years, further reinforcing network strength.
Technical analysts note that BCH has broken out of a symmetrical triangle pattern that has persisted since 2021, with some predicting a sustained break above $700 could target the $1,600 zone. Additionally, BCH has formed a classic inverse head-and-shoulders pattern with a neckline at $634, projecting a near-term target of approximately $750.
However, sentiment data from Santiment raises caution flags, indicating that extreme bullish sentiment may signal an overbought condition vulnerable to correction. The analytics firm warns that prices often move opposite to crowd expectations, suggesting potential short-term volatility despite the strong fundamentals.
On-chain data reveals significant whale accumulation, with addresses holding between 100,000-1,000,000 BCH increasing holdings by approximately 110,000 BCH (worth over $70 million) in just days. Smart money indicators also show a dramatic recovery from deeply negative readings in August to near neutral by mid-September, suggesting institutional players are accumulating positions.
Currently, 93.03% of BCH supply is in profit, which typically creates selling pressure risk, though holders have largely remained steadfast so far.
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