Key Notes
- BCH achieved a rising wedge breakout with technical indicators pointing toward a potential $1,000 price target in the near term.
- Open interest in Bitcoin Cash derivatives increased 4.5% as fresh capital entered the market, validating the rally’s strength beyond rotation.
- The altcoin benefited from broader risk appetite as US equities turned positive and traders anticipated another Federal Reserve rate reduction.
Bitcoin Cash
BCH
$605.0
24h volatility:
2.7%
Market cap:
$12.09 B
Vol. 24h:
$360.18 M
price traded as high as $609 on October 3, benefitting from increased investor risk appetite, amid positive US stock market performance and expectations of a second consecutive Fed rate cut. This brings BCH price gains over the last five days to 14.2%.
In comparison, Bitcoin
BTC
$122 556
24h volatility:
2.5%
Market cap:
$2.45 T
Vol. 24h:
$82.21 B
price only gained 3% intraday, consolidating below all-time highs near $124,000 at press time. BCH also mildly outperformed Ethereum
ETH
$4 503
24h volatility:
1.1%
Market cap:
$545.12 B
Vol. 24h:
$45.34 B
, XRP
XRP
$3.05
24h volatility:
0.1%
Market cap:
$182.86 B
Vol. 24h:
$7.94 B
, and Solana
SOL
$232.4
24h volatility:
1.8%
Market cap:
$126.84 B
Vol. 24h:
$10.34 B
on October 3. This shows that higher risk appetite has seen investors turn to mid-cap altcoins as US equity markets flipped green around mid-week.
Bitcoin Cash Derivatives Market Analysis | Source: Coinglass, October 3, 2025
Capital flows within Bitcoin Cash derivatives markets over the last 24 hours further emphasize the bullish stance. As seen in the Coinglass chart above, BCH open interest grew by 4.5%, keeping pace with the intraday spot price uptick, while 24-hour trading volume declined 20.9%. This confirms that the latest leg of the rally was propelled by new capital, not mere rotation of existing funds.
BCH Price Forecast: Rising Wedge Breakout Targets $1,000
Bitcoin Cash price has staged a strong rebound from September lows. Technical indicators suggest BCH could be set for more upside with its latest leg above $600 confirming a rising wedge breakout on October 3. As seen below, the rising wedge pattern hints at a long-term target at $1,000.
The MACD indicator on the weekly timeframe also shows bullish outlook with the MACD line crossing above the signal line, currently printing 49.5 versus 47.9.
Bitcoin Cash Technical Price Forecast | October 3, 2025
Meanwhile, Price Volume Trend (PVT) data reveals a steady increase in capital inflows since mid-2024, validating the breakout as more than a recent short squeeze event.
In the bullish scenario, a sustained rally could see BCH price clear the $800 supply zone.
However, in a bearish scenario, failure to hold the $580 support zone could trigger a retest of $450. On the flip side, a breakdown below $450 would invalidate the wedge breakout signal.
Maxi Doge Presale Gains Momentum as Traders Seek High-Risk Plays Beyond BCH
Bitcoin Cash’s surge above $600 reflects appetite for high-risk plays, creating a spillover effect into new projects like Maxi Doge (MAXI).
Maxi Doge offers high-risk traders up to 1000x leverage with no-stop loss required, amplifying the potential profits during bull-cycles.
Maxi Doge Presale
The Maxi Doge presale is currently priced at $0.00026 and has already raised more than $2.7 million of its $3 million target. With just hours left before the next price tier, prospective investors can still participate through the official Maxi Doge presale website.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
Ibrahim Ajibade on LinkedIn