Bitcoin Cash: Dead Asset or Ultimate Sleeper Play?

Bitcoin Cash has important 375 support with Coinbase, indicating the December crypto recovery. BCH aims at $2,000-4,000 as the market gains momentum.

Bitcoin Cash has not made a new all-time high since December 2017. BCH peaked at $4,212 eight years ago. Bitcoin itself has soared beyond 126,000 in 2025. The performance discrepancy casts a doubt on the future course of BCH.

BCH has an interesting technical formation, according to CryptoPatel on X. Bitcoin Cash is in a robust accumulation area. Support sits between $465 and $375. Critical support holds at $375. A violation of this level would denote bearish continuation.

Technical Levels Paint Accumulation Picture

CryptoPatel establishes important technical parameters of BCH. The accumulation is strong in the range of 465 to 375. This is a zone of long-lasting purchasing intentions. Critical support remains at $375. It is crucial to have this threshold when it comes to bullish scenarios.

Source: CryptoPatel

The range of potential upside targets is between $2,000 and $4,000. These levels presuppose that momentum is going back to the asset. Confirmation of volume is imperative before the emergence of a breakout. Position building still requires patience.

Bitcoin increased more than 6 times following its 2017 ATH. BCH stagnated at the same time. This separation brings about the final sleeper story. Markets occasionally provide excessive returns to their forgotten assets. The existence of institutional interest can be thought to be present in the BCH accumulation zones.

Market Conditions Support December Recovery

Coinbase Institutional published a bullish December commentary. Cryptocurrency markets seem to be on their way back as Coinbase Institutional tweeted X. The optimistic outlook is fostered by liquidity improvements. Odds of a Federal Reserve rate cut increased to 92 percent by December 4th.

Source:  Coinbase Institutional 

A number of macro tailwinds are gaining strength. Financial markets are recovering their liquidity. The AI bubble hasn’t burst yet. There is space to further expand the AI sector. Short trading in USD would seem interesting at the present levels.

This positioning was flagged by Coinbase in October. Their own M2 index predicted weakness in November. It was likely to reverse in December. This December may belong to the initial line. Crypto market momentum can take over again.

Recent data indicate that BCH is trading at an average of $568. The asset is above critical levels of support. The December recovery may help BCH to drive to $700-900 first. A break above $900 would lead to a greater break of up to 2,000. Multi-year resistance zones need long-lasting volume.

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The Case for BCH as Sleeper Asset

Bitcoin Cash has larger block sizes compared to Bitcoin. Transaction rates are much lower. The benefit of speed puts BCH in a position to adopt payments. Such basics are usually neglected in bear markets.

The ATH of 2017 is a psychological ceiling. It takes great catalyst events to break through. That spark might be institutional adoption. Retail FOMO is usually institutional accumulation. Existing prices provide asymmetric returns to risk.

Volume confirmation is stressed by technical analysts. Breakouts cannot succeed without continuous purchasing pressure. BCH requires a persuasive volume of more than $600. This confirms the accumulation thesis. These confirmation signals are awaited by patient traders.

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