The broader cryptocurrency market continues to struggle with uneven and choppy price action, a phase that began following the sharp sell-off on October 10. That correction dragged Ethereum (ETH) lower by nearly 25% over the past 60 days, keeping risk appetite subdued across the altcoin space.

Meanwhile, Bitcoin Cash (BCH) has managed to hold its ground, posting over 11% gains over the same period. More importantly, its price action is beginning to form a structure that often precedes larger trend reversals, suggesting the recent strength may be more than just a short-term bounce.

Source: Coinmarketcap

Rounding Bottom Taking Shape

On the daily timeframe, Bitcoin Cash appears to be carving out a rounding bottom formation — a classic bullish reversal pattern that reflects a gradual transition from distribution to accumulation. This type of structure typically forms after an extended correction, as selling pressure slowly fades and buyers begin stepping in with greater conviction.

The pattern began after BCH faced a firm rejection near the $630 region in September 2025. That rejection triggered a sharp decline, dragging price down toward the $446.9 area. Notably, sellers failed to force a deeper breakdown, and strong demand emerged around those lows. As weeks passed, BCH stabilized, volatility compressed, and price gradually curved higher, completing the rounded base visible on the chart.

Bitcoin Cash (BCH) Daily Chart/Coinsprobe (Source: Tradingview)

Currently, BCH is trading near the $570 level and testing the lower support of the rounding base structure. This area is acting as a key inflection point, where buyers are attempting to defend the pattern and build momentum for a potential breakout attempt.

What’s Next for BCH?

A sustained bounce from the current zone, followed by a clean daily close above the $600–$630 resistance area, would confirm a bullish rounding bottom breakout. If price then manages to retest this zone and hold it as support, it would significantly strengthen the bullish case and suggest that a new upward leg is underway.

Based on the depth of the rounding structure, the projected upside target points toward the $800–$820 region. Reaching this zone would represent a potential upside of roughly 40% from current levels, aligning with the measured move typically associated with this pattern.

That said, patience remains essential. Before a confirmed breakout, BCH could still experience short-term pullbacks or consolidation below resistance. Until a decisive breakout and successful retest occur, the $600–$630 zone remains the key line in the sand that will determine whether Bitcoin Cash transitions into a sustained bullish phase or continues to trade within a broader range.

Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.

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