Date: Sun, April 06, 2025 | 08:30 AM GMT
The cryptocurrency market has been struggling with an extended correction phase, with Ethereum (ETH) recording its worst Q1 decline since 2018—down nearly 45%. This weakness has weighed heavily on altcoins, and Bitcoin Cash (BCH) is no exception.
Over the past 90 days, BCH has dropped by over 37%, shaking out weak hands and pushing investor sentiment to a low. But beneath this gloomy surface, the chart tells a potentially exciting story—a setup that strongly resembles the price structure seen right before BCH’s explosive 2021 rally.
Source: Coinmarketcap
Chart Mirrors 2021 Bull Run Setup
When comparing the current weekly chart to its 2019–2021 pattern, BCH appears to be repeating history. The structure shows a series of rounded bottoms forming beneath a long-term descending trendline—almost identical to the accumulation phase seen before the 2021 breakout, where BCH surged over 700%, from around $200 to over $1,600.
Bitcoin Cash (BCH) Weekly Chart/Coinsprobe (Source: Tradingview)
Back then, BCH formed three rounded bottom formations under a falling resistance line. Once that line was broken, momentum exploded to the upside.
Fast-forward to 2025: a similar multi-year resistance trendline has formed, and BCH is once again coiling underneath it—this time around the $250–$300 range. What makes this setup even more compelling is that the current red and green support zones closely mirror the accumulation zones from the pre-2021 breakout.
The red zone (~$250–$300) is acting as a short-term demand area, while the green band has served as a long-term base—just like before BCH’s 700% rally.
Can BCH Repeat History?
From a technical standpoint, BCH is now completing its third rounded bottom, forming a massive cup-like structure on the weekly chart. If the price can hold above the pink accumulation zone ($250–$300) and eventually break out above the descending trendline resistance (~$600), it could trigger a powerful move.
Just like the 2021 breakout, this structure suggests that Bitcoin Cash could be gearing up for a multi-hundred percent rally. A breakout above $600 could set the stage for a rally toward $2,000 or higher—mirroring the previous cycle’s price action.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing in cryptocurrencies.
