Why Bitcoin Cash (BCH) Price is Up Today, $750 Next?

Bitcoin Cash (BCH) price is pushing back after months of doubt. At press time, the BCH price was trading around $638, up 3.56% in the past 24 hours.

Over the last year, BCH has nearly doubled despite heavy bearish sentiment from traders. Now, both chart patterns and on-chain signals are pointing to more upside.

If momentum holds, BCH could climb to around $750, almost +17.6% from where it stands.

The rally is not only about the Bitcoin narrative. This time, BCH has its own reasons: a clean chart breakout, a sudden flip in sentiment, and whales stepping in. Let’s break down the data.

Bitcoin Cash Breaks Out of Inverse Head-and-Shoulders Pattern

The BCH price chart has formed a classic inverse head-and-shoulders setup. This pattern is one of the most reliable signs of a bullish reversal.

The neckline sits at about $634, and BCH has already closed above it. At press time, the BCH price was $638, holding above this level.

Traders measure the move by taking the distance from the head ($523.65) to the neckline ($634) and adding it to the breakout.

That projects a target near $750.15, which is a +112.5 point move or around +17.6% from the current price.

The breakout is important because it shows that sellers have failed to push BCH lower.

Instead, buyers stepped in at higher levels. As long as the BCH price stays above the neckline at $634, the chart points to a rally toward $750.

If it falls back under $600, the bullish case weakens, but for now, the setup remains intact.

Sentiment Turns Positive for BCH Price As Smart Money Gets Aggressive

Sentiment data shows a big change. For months, the crowd had been negative on BCH, with bearish chatter dominating social feeds.

According to Santiment, BCH just hit a 17-month high, breaking above $644 against Bitcoin.

This happened right after extreme bearish talk from retail traders. Historically, BCH rallies strongest when most people doubt it. Also, in crypto, we should be prepared for surprises like this.

Smart money is also showing up. The Smart Money Index, which tracks how professional traders are positioned, tells the story.

In August, the index sat near -288, a deeply negative reading. By mid-September, it recovered sharply to near zero, its first positive move since December 2024.

This suggests that institutional players and funds are no longer selling but adding.

Together, rising prices, a change in sentiment, and smart money flowing in suggest that the crowd may have been wrong.

When the crowd is fearful but the big players rotate in, it often means the asset has more room to rise.

Bitcoin Cash Whales Accumulate and Supply in Profit Signals Confidence

Whales are adding more BCH to their wallets. Data shows that addresses holding between 100,000 and 1,000,000 BCH increased their holdings from 4.16 million BCH on September 14 to 4.27 million BCH now.

That’s an increase of about 110,000 BCH price in just a few days, worth over $70 million at current prices. This fresh demand from whales is a strong vote of confidence.

At the same time, almost all BCH holders are sitting on gains.

Around 93.03% of the total supply is in profit. Normally, such high levels can bring selling pressure, as holders might cash out.

But so far, selling has not surged. Instead, most holders are choosing to stay put, which shows conviction that prices could move even higher.

Still, this also means BCH is not without risk. If the price weakens, those profits could turn into quick selling pressure.

That’s why the $634 neckline remains so important; as long as the BCH price stays above it, holders are less likely to panic.

The BCH price is at a critical point. It has broken a bullish chart pattern, saw positive sentiment after a long bearish stretch, and attracted new whale inflows.

All signs, and most importantly the bullish chart pattern, hint at more upside for Bitcoin Cash, with $750 being a key target.