Bitcoin Consolidates While BCH and BSV Surge
Bitcoin (BTC) entered a consolidation phase as its major forks, Bitcoin Cash (BCH) and Bitcoin SV (BSV), posted significant gains this week.
Market Overview
- BCH jumped ~15% to $483, breaching the $500 resistance mark.
- BSV rose 6% week-on-week.
- Bitcoin declined ~2% to around $103,000.
- Fed’s interest rate stability announcement adds a wait-and-see market environment.
- Oil prices climb amid Middle East tensions towards $76, potentially indicating market volatility.
Bitcoin (BTC) in Consolidation Zone
Bitcoin experienced a slight decline of ~2% over the past week, trading near $103,154. The cryptocurrency failed to reclaim the $108,000-$109,000 resistance zone, signaling a consolidation period.
Technical indicators on the weekly chart suggest equilibrium:
- RSI (62): Shows mild bullish momentum without reaching overbought territory.
- ADX (26): Crossed 25, suggesting a trend is beginning to form.
- EMAs: Trading above the 50-week EMA, indicating positive momentum.
Bitcoin Cash (BCH) Gains Momentum
Bitcoin Cash achieved its strongest weekly performance in 2025, surging 14.57% to reach $483 before briefly testing $500 resistance.
BCH technicals indicate continued upside potential:
- RSI (63): In the “power zone,” suggesting genuine momentum.
- ADX (18): Below the 25 threshold but showing underlying trend strength.
- EMAs: Trading decisively above its 50-week EMA.
Bitcoin SV (BSV) Bounces, Bears Show Strength
Bitcoin SV climbed ~6% week-on-week to $31.47, finishing as the seventh-best performer among top 100 cryptocurrencies.
BSV remains under bearish influence despite the weekly gain:
- Continuing failure to break the $34.87 (50-day MA) resistance level.
- RSI (43): Indicating potential selling pressure.
Key Levels
Bitcoin (BTC)
- Immediate support: $102,000
- Strong support: $100,000
- Immediate resistance: $107,000
- Strong resistance: $110,000
Bitcoin Cash (BCH)
- Immediate support: $460
- Strong support: $388 (50-week EMA)
- Immediate resistance: $500
- Strong resistance: $540
Bitcoin SV (BSV)
- Immediate support: $30
- Strong support: $24-$27
- Immediate resistance: $34.87
- Strong resistance: $40.00