Bitcoin Cash could retest $550 after latest rally: Check forecast

Key takeaways

  • BCH rallied 15% last week, reclaiming the $600 price in the process.
  • The rally allowed Bitcoin Cash to overtake Chainlink and Hyperliquid in the market cap list.

BCH is now the 11th largest crypto by market cap

The cryptocurrency market began the new week bullish, with Bitcoin, Ether, and XRP all in the green. Bitcoin is currently trading above $92k, while Ether is now approaching the $3,200 region.

Bitcoin Cash (BCH) has been one of the best performers among the top 20 cryptocurrencies by market cap. It added 15% to its value in the last seven days, outperforming the broader cryptocurrency market.

The rally allowed BCH to reclaim the $600 level after underperforming earlier this month. At press time, BCH is trading at $594 and could rally higher in the near term. The rally also allowed Bitcoin Cash to overtake Chainlink (LINK) and Hyperliquid (HYPE), and it is now the 11th-largest cryptocurrency by market cap. 

BCH faces resistance above $650

The BCH/USD 4-hour chart is bullish and efficient as Bitcoin Cash has been the best performer among the top 20 cryptocurrencies by market cap in the last seven days. The coin has outperformed Bitcoin, Ether, XRP, and other major altcoins.

BCH/USD 4H Chart

The momentum indicators are bullish, suggesting that the buyers are currently in control of the market. The Relative Strength Index of 59 is above the neutral 50, suggesting that the market conditions are flipping bullish. The MACD lines also flipped into the bullish zone last week, flashing a buy signal for the traders.

If the rally continues, BCH could rally towards the next major resistance level at $650, its highest level since the start of the year. The next major resistance stands at $720, its 2024 high.

However, if the recovery fails, Bitcoin Cash could retest the $550 Inducement Liquidity (ILQ) over the next few hours or days.

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Argentina moves to reshape crypto rules as banks prepare for Bitcoin services

  • A new framework would allow trading, custody, and approved coins.
  • Banks must follow strict KYC, AML, and CNV regulations.
  • High inflation has pushed people toward Bitcoin and stablecoins.

Argentina is preparing for a major shift in how its financial system treats digital assets, with regulators working on a plan that could allow banks to offer Bitcoin and other crypto services for the first time in three years.

The move marks a notable shift for a country where crypto has become a day-to-day tool for people trying to manage inflation, and it signals a wider effort to bring informal crypto activity into regulated channels.

The change remains under review, but internal planning shows that Argentina wants its banking system to play a formal role in crypto access, custody, and compliance.

Banks and crypto rules evolve

Argentina’s central bank, the Banco Central de la República Argentina, has restricted banks from handling crypto since May 2022.

The regulation was designed to contain financial risks and prevent money-laundering activity during a period of economic instability.

The policy now sits at the centre of a broader reassessment of how digital assets fit into a financial system that is struggling with persistent inflation and rising demand for stable alternatives.

Since December 2023, the arrival of President Javier Milei has reshaped the conversation.

His administration has promoted financial freedom, arguing that people should be able to choose different forms of money, including Bitcoin.

This shift has influenced how regulators approach the current ban and has accelerated work on a new framework.

New framework plans grow

Reports indicate that the central bank is developing a system that would permit banks to integrate crypto into their services.

The plan includes trading access, custody options, and a list of approved coins, limited to assets such as BTC, ETH, USDC, USDT, and XRP.

Banks would need to comply with strict rules under the CNV, follow enhanced KYC and AML procedures, and operate crypto activities through legally separate units with additional capital, security, and liquidity requirements.

The approach represents a transition from prohibition to controlled participation.

Argentina would be one of the first inflation-hit economies to regulate crypto within mainstream banking rather than leaving it to informal platforms.

The change also aims to reduce regulatory gaps and improve transparency across transactions that citizens already rely on to protect their savings.

Inflation pressures fuel demand

Crypto adoption has grown rapidly in Argentina over the past three years as households look for ways to preserve value.

With inflation reaching 1,427% in 2023 and still rising more than 2% each month, people have turned to Bitcoin and dollar-linked stablecoins to manage daily expenses, store money, and avoid exposure to the peso’s depreciation.

Regulators now want this activity to operate under formal safeguards.

Allowing banks to support crypto services would offer a safer environment, limit the use of unregulated exchanges, and help authorities strengthen financial monitoring.

It would also create a more structured relationship between digital assets and traditional banks during a period of economic stress.

Timeline points to 2026

Although approval is not final, experts suggest that the updated rules could be ready around April 2026. Work on the technical structure is already underway.

If the proposal moves forward, Argentina could become a key example of how a country facing extreme inflation integrates crypto into conventional financial channels.

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Bitcoin price forecast ahead of Fed decision

  • The Bitcoin price is at $92,200 in intraday trading on December 8, 2025.
  • The benchmark digital asset is slightly bullish after bulls suffered a negative tilt in November.
  • While weakness continues to linger as price hovers near the $90,000 mark, eyes are on the US Federal Reserve.

Bitcoin is showing signs of bullish reversal, with the latest upside momentum pushing the BTC price above $92,000 as risk assets gain ahead of a key Federal Reserve meeting.

As stock futures rose ahead of Wall Street’s open on Monday, Bitcoin mirrored the move with a 3% rise to $92,220.

The technical picture shows a classic ascending triangle formation on the daily chart, suggesting a possible sharp upside move toward $95,000 and $100,000 in the coming days.

Meanwhile, Ethereum is currently above $3,100 and could eye $3,500-$4,000 area.

Across altcoins, the BNB price could jump above $1,000 after Binance’s major regulatory milestone.

Bitcoin gains amid Fed rate cut anticipation

On Monday, US stock futures recorded gains as investors weighed the Federal Reserve’s policy meeting on Tuesday and Wednesday.

While modest, the uptick aligns with major gauges’ consecutive weekly gains.

BTC has also tapped green in the past week after falling to lows of $80,000 amid a tough November.

Investors expect the Fed to cut interest rates, and markets are upbeat. 

The tame personal consumption expenditures (PCE) price index helped this outlook.

PCE is a key US inflation reading, and its print adds to the confidence that Fed Chair Jerome Powell will announce a rate cut this week.

Could Bitcoin bulls push for $100k?

Bitcoin experienced notable price swings over the weekend as the price plunged below the $90,000 mark before recovering swiftly. 

The initial dip saw a cascade of long-position liquidations that exceeded $170 million, but as shorts piled in, BTC flipped higher and caught over-leveraged bears off guard.

QCP Group analysts shared this price movement detail via X on Monday.

As of writing, BTC is showing signs of steady accumulation above $92k. 

“Focus shifts to Wednesday’s FOMC,” QCP analysts noted. “A 25bp cut is priced, but balance-sheet guidance will guide risk. With $BTC still stuck between 84k and 100k, a break on either side could define the next major trend,” they added.

Support is from both institutional dip-buyers and retail accumulation, and a break in the $95,000-$105,000 region is likely.

Part of this is down to an ascending triangle pattern that has been developing on Bitcoin’s daily chart since mid-November. 

Bitcoin Price Chart
Bitcoin price chart by TradingView

The pattern, accompanied by contracting volatility and rising spot demand, offers a bullish outlook.

In Bitcoin’s case, a decisive close above the $92k level will bring $95k into play and the $100,000–$101,500 resistance zone. 

Renewed macro liquidity signals, buoyed by a positive Federal Reserve policy, will aid further technical breakout.

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Ethereum price forecast: Ether eyes $4k as whales open long positions

Key takeaways

  • ETH is up 3% in the last 24 hours and is now trading above $3,100.
  • Whales are optimistic of a price surge in the near term.

Whales open bullish positions on Ether

Ether, the second-largest cryptocurrency by market cap, is up 3% in the last 24 hours and is now trading above $3,100 per coin. The rally comes as the broader cryptocurrency market recovered from the slight dip on Sunday.

In addition to that, Ethereum whales are opening long positions as they are optimistic that Ether’s price will surge higher in the near to medium term. The whales are optimistic of a price surge thanks to the upcoming Fed rate decision on Wednesday, with the apex bank expected to reduce its borrowing benchmark by 25 basis points. 

Data obtained from Lookonchain reveals that three whales have opened long positions, totaling 136,433 ETH, worth about $425.98 million.

One whale, BitcoinOG (1011short), has a long position of $169 million in ETH, while Anti-CZ opened another position worth $194 million. The third whale, pension-usdt.eth, opened a long position of 20,000 ETH, worth approximately $62.5 million at current rates.

In addition to these three, other whales have also opened long positions on Ether, with many of them predicting that the cryptocurrency’s price could rally to $4k in the near to medium term. 

Furthermore, BitMine continues to add more Ether tokens to its treasury. Last week, the company added $199 million more ETH, bringing its total holdings to 3.73 million ETH ($13.3 billion), making it the largest corporate holder of ETH. 

Ether could surge to $4k amid growing demand

The ETH/USD 4-hour chart has flipped bullish and efficient as Ether has reclaimed the $3,100 mark at press time, ETYH is trading above $4,100, and could rally higher if the bullish trend continues.

The momentum indicators are bullish, suggesting that buyers are currently in control. The RSI of 62 shows that ETH is currently bullish and could enter the overbought region if the recovery continues. The MACD lines are also within the positive territory, reinforcing the bullish bias.

ETH/USD 4H Chart

If the recovery continues, ETH could surge past Thursday’s high at $3,240 with a decisive close, with the next resistance level at the 200-day EMA at $3,459. However, failure to overcome the $3,240 resistance could see Ether drop below $3,000 and retest the November 21 low of $2,623.

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Internet Computer (ICP) crashes to $3.50 as AI hype fades and market pressure mounts

  • Internet Computer (ICP) price has dropped 6% in the past 24 hours to under $3.50.
  • Recently, the altcoin pumped from lows of $2.80 to above $9.62.
  • Overall market weakness could see ICP price tank further, although an uptick for Bitcoin will boost altcoins.
The Internet Computer (ICP) token has endured a sharp downturn in the past month, culminating in a 24-hour dip of over 6% as the price broke below $3.50.

Losses for Internet Computer come amid a 29% decrease in trading volume, suggesting bulls could benefit from reduced selling pressure.

However, with ICP briefly rallying on hype around AI integrations like the Caffeine platform, only to reverse course, it may yet allow bears to strengthen the upper hand.

Internet Computer price slips to $3.50

The ICP project, launched by the DFINITY Foundation, is one of the top artificial intelligence-related coins.

DFINITY aims to revolutionize the internet by enabling fully on-chain applications, from decentralized finance to AI-driven services, without reliance on traditional cloud providers.

In early November, the DFINITY Foundation unveiled an update for its AI platform Caffeine DeAI.

The news saw the price of ICP surge sharply, with bulls eventually hitting highs of $9.62 on Nov. 8, 2025.

ICP Price Chart
Internet Computer price chart by TradingView

The uptick aligned with market cheer for an update that pushed the narrative of the Internet Computer as a key AI cloud engine.

As well as allowing users to create and deploy apps easily, Caffeine features an App Market and supports monetization.

DFINITY said Caffeine will help drive network usage and transition ICP to a deflationary asset, among other features.

However, the token’s price has tumbled since that November peak and hit $3.50 on December 5, 2025. That’s a 64% dump in the past month and reflects broader market pressure.

What could catalyze short-term losses for ICP?

Market analysts have attributed the sell-off pressure across crypto to a confluence of factors.

As well as macroeconomic headwinds, FUD around Tether and Strategy (MSTR) has dampened risk appetite for Bitcoin (BTC) and the speculative assets across altcoins.

These same aspects apply to ICP and the dip to $3.50, with intraday revisits of lower levels, strengthening the fragile outlook.

Adding to this is the overall sentiment around token dumps if BTC price tanks.

Recently, when Bitcoin dipped to near $80,000, the Internet Computer token plummeted from above $5 to below $4.2.

Price currently hovers around $3.51 as Bitcoin flirts with support near $90,500. If momentum escapes bulls further, sellers could eye the all-time lows of $1.98 reached in October 2025.

On the flipside, the altcoin could benefit from network upgrades and adoption trends.

This, amid a resurgence in AI tokens and tokenized Bitcoin demand, may help buyers. A shift in sentiment as the macro environment improves will be crucial to bulls.

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