{"id":6792,"date":"2025-06-24T19:09:30","date_gmt":"2025-06-24T19:09:30","guid":{"rendered":"https:\/\/baiwp.com\/bch-stumbles-at-467-after-triple-rejection-ends-slightly-down-despite-high-volume-rebound\/"},"modified":"2025-06-24T19:09:30","modified_gmt":"2025-06-24T19:09:30","slug":"bch-stumbles-at-467-after-triple-rejection-ends-slightly-down-despite-high-volume-rebound","status":"publish","type":"post","link":"https:\/\/baiwp.com\/ar\/bch-stumbles-at-467-after-triple-rejection-ends-slightly-down-despite-high-volume-rebound\/","title":{"rendered":"BCH Stumbles at $467 After Triple Rejection, Ends Slightly Down Despite High-Volume Rebound"},"content":{"rendered":"<p>Bitcoin Cash (BCH) BCH is trading at $452.13, down 0.54% over the past 24 hours, after failing to breach the $467 resistance level across multiple tests, according to CoinDesk Research&#8217;s technical analysis model. <\/p>\n<p>The token briefly surged near that level late on June 23, gaining nearly 3% during a high-volume spike, but was subsequently rejected twice more, reinforcing the significance of that barrier. A descending trendline formed during the corrective pullback, with lower highs establishing a bearish short-term tone.<\/p>\n<p>On the regulatory front, Federal Reserve Chair Jerome Powell announced that U.S. banks now have the freedom to determine their digital asset customer base without prior regulatory pre-approval. This policy shift effectively removes institutional adoption barriers and is considered a meaningful step toward greater integration of crypto within the traditional financial system.<\/p>\n<p><strong>Technical Analysis Highlights<\/strong><\/p>\n<ul>\n<li>BCH traded in a $19.76 range (4.4%) from $449.61 to $469.63 over 24 hours.<\/li>\n<li>At 22:00 on June 23, BCH surged nearly 3% on 79,485 volume units, setting resistance at $467.<\/li>\n<li>The $467 level was tested and rejected two more times, confirming strong overhead resistance.<\/li>\n<li>Support formed around $450 with significant volume accumulation between 15:00\u201316:00.<\/li>\n<li>A descending trendline of lower highs emerged following the initial spike, signaling bearish momentum.<\/li>\n<li>A V-shaped micro-trend formed during the final hour, with a bounce from $449.94 to $451.31.<\/li>\n<li>Volume spiked during the 18:17\u201318:19 drop and again on the 18:30\u201318:32 recovery.<\/li>\n<li>A short-term support zone developed near $450 after repeated successful retests.<\/li>\n<\/ul>\n<p><strong><em>Disclaimer:<\/em><\/strong>\u00a0<em>Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to<\/em>\u00a0<em><a href=\"https:\/\/www.coindesk.com\/ethics\">our standards<\/a>. For more information, see<\/em>\u00a0<em><a href=\"https:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\">CoinDesk&#8217;s full AI Policy<\/a>.<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin Cash (BCH) BCH is trading at $452.13, down 0.54% over the past 24 hours, after failing to breach the $467&#8230;<\/p>","protected":false},"author":1,"featured_media":6793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_kadence_starter_templates_imported_post":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"spectra_custom_meta":{"_thumbnail_id":["6793"],"feedzy":["1"],"feedzy_item_url":["https:\/\/www.coindesk.com\/markets\/2025\/06\/24\/bch-stumbles-at-usd467-after-triple-rejection-ends-slightly-down-despite-high-volume-rebound"],"feedzy_job":["6631"],"feedzy_item_author":["Siamak 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Cash (BCH) BCH is trading at $452.13, down 0.54% over the past 24 hours, after failing to breach the 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