BCH Rallies 2.3% as U.S. Government Reopening and Trump Stimulus Plan Boost Crypto Risk Appetite
Joerg Hiller
Nov 10, 2025 18:50
Bitcoin Cash climbs to $512.00 amid renewed market optimism following the end of the 40-day U.S. government shutdown and President Trump’s proposed $2,000 stimulus package.
Quick Take
• BCH trading at $512.00 (up 2.3% in 24h)
• U.S. government shutdown ends after 40 days, improving risk sentiment
• BCH price testing resistance near 20-day moving average at $516.59
• Following Bitcoin’s recovery to $106K with broader crypto market correlation
Market Events Driving Bitcoin Cash Price Movement
The BCH price surge today stems directly from two major developments that have injected optimism into cryptocurrency markets. The U.S. Senate’s decision to end the 40-day government shutdown has eliminated a significant source of market uncertainty, leading to immediate improvements in risk asset sentiment across the board.
President Trump’s concurrent proposal for $2,000 stimulus checks, funded through tariff revenues and representing nearly $600 billion in economic injection, has further amplified bullish momentum for Bitcoin Cash. This potential liquidity influx historically correlates with increased cryptocurrency adoption and investment flows, as investors seek inflation hedges and alternative assets.
Bitcoin’s rebound to $106,000 from earlier weakness below $110,000 has provided the primary catalyst for BCH price movement, demonstrating the strong correlation between the two largest proof-of-work cryptocurrencies. The broader crypto market recovery has lifted Bitcoin Cash alongside other major altcoins, with today’s 2.3% gain representing a technical bounce from recent consolidation levels.
Trading volume on Binance spot markets reached $16.04 million for Bitcoin Cash, indicating renewed institutional and retail interest following the macro developments. This represents above-average activity that suggests genuine buying interest rather than low-volume technical positioning.
BCH Technical Analysis: Testing Key Moving Average Resistance
Price Action Context
Bitcoin Cash technical analysis reveals the current $512.00 price sitting just below the crucial 20-day simple moving average at $516.59, creating an immediate test of technical resistance. The cryptocurrency is trading above both its 7-day SMA ($495.09) and 200-day SMA ($505.13), indicating short-term bullish momentum within a longer-term uptrend framework.
BCH price action shows convergence with Bitcoin’s recovery pattern, maintaining its historical correlation during risk-on movements. The 50-day moving average at $533.45 remains the next significant hurdle, representing the dividing line between intermediate-term bullish and bearish market structure.
Volume analysis from Binance spot data confirms institutional participation in today’s move, with the $16.04 million trading volume representing a 15% increase from recent daily averages.
Key Technical Indicators
The RSI reading of 48.64 places Bitcoin Cash in neutral territory, providing room for additional upside without entering overbought conditions. This technical positioning suggests sustainable momentum potential if macro catalysts continue supporting cryptocurrency markets.
MACD indicators show bearish momentum with the histogram at -0.4704, though the narrow spread between MACD (-8.5740) and signal line (-8.1036) indicates potential for bullish crossover if current buying pressure persists. Stochastic oscillators (%K: 43.19, %D: 36.31) remain in oversold territory, supporting the case for continued relief rally potential.
Critical Price Levels for Bitcoin Cash Traders
Immediate Levels (24-48 hours)
• Resistance: $516.59 (20-day MA confluence with recent rejection zone)
• Support: $500.50 (today’s session low and psychological round number)
Breakout/Breakdown Scenarios
A decisive break above the 20-day moving average at $516.59 would target the 50-day MA at $533.45, with extended upside toward the $580.00 immediate resistance level. Failure to hold above $500.50 support could trigger profit-taking back toward the $460.30 support zone, representing the lower boundary of the recent trading range.
BCH Correlation Analysis
Bitcoin Cash continues exhibiting strong positive correlation with Bitcoin, moving in lockstep with the flagship cryptocurrency’s recovery from recent weakness. Today’s 2.3% BCH gain aligns with Bitcoin’s rebound to $106,000, maintaining the typical 0.8+ correlation coefficient observed during risk-on market phases.
Traditional market correlations appear muted today, with the crypto-specific catalysts of government reopening and stimulus proposals driving independent momentum. However, any continued improvement in broader risk sentiment from S&P 500 strength could provide additional tailwinds for Bitcoin Cash price appreciation.
Trading Outlook: Bitcoin Cash Near-Term Prospects
Bullish Case
Successful reclaim of the 20-day moving average at $516.59 combined with continued macro support from stimulus expectations could drive BCH toward the $533-580 range. Bitcoin correlation remaining positive and volume sustaining above $15 million daily would confirm institutional buying interest and support extended rallies.
Bearish Case
Rejection at current resistance levels amid any reversal in government stimulus optimism could pressure Bitcoin Cash back toward $460-480 support. Bitcoin weakness below $100,000 would likely drag BCH lower regardless of independent technical strength.
Risk Management
Conservative traders should consider profit-taking near $525-530 resistance, while aggressive positions can use $500 as stop-loss levels. Given the 14-period ATR of $33.49, position sizing should account for potential 6-7% daily volatility in either direction.
Image source: Shutterstock
