- Pin
- 🏆 Gate Wins “Best Crypto Exchange 2025”!
Gate has been awarded Best Crypto Exchange 2025 at the E-Business Awards by Entrepreneur Middle East, recognizing Gate’s achievements in security, compliance, and user trust.
Thank you to our global community — we’ll keep building a safer, more reliable crypto experience!
- Growth Points Round 1️⃣ 1️⃣ Summer Lucky Grand Draw is on fire!
Draw now for your chance to win an iPhone 16 Pro Max and exclusive merch!
👉 https://www.gate.com/activities/pointprize?now_period=11
🎁 100% win rate! Complete simple tasks like posting, liking, commenting in Gate Post to enter the draw.
iPhone 16 Pro Max 512G, Gate hoodies, Sportswear, popular tokens, Futures Vouchers await you!
Collect just 2 fragments to easily redeem Gate merch—take your rewards home!
Ends on June 4th, 16:00 UTC. Try your luck now!
More info: https://www.gate.com/announcements/article/45185
- Earning Growth Points can win an iPhone 16?
Gate Post Growth Points Summer Lucky Draw Round 1️⃣ 1️⃣ Is Live!
🎁Prize pool over $10,000! Win iPhone 16 Pro Max 512G, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=11
How to earn Growth Points fast?
1️⃣ Go to [Post], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
New feature this round: “Fragment Exchange”! Collect fragments to redeem exclusive Gate merch!
100% chance to win
Bitcoin Cash (BCH) Retesting Its Descending Channel Breakout: Is a Bounceback Ahead?
Date: Thu, April 17, 2025 | 02:46 PM GMT The cryptocurrency market showed some upside momentum last week after President Trump announced a 90-day pause on tariffs — a move that boosted investor sentiment across risk assets. Bitcoin Cash (BCH) was among the gainers, recording an impressive 12% rise over the week. It is currently trading around $330, although it's still down by about 32% over the past 90 days.
Source: Coinmarketcap Interestingly, recent price action suggests that BCH could be positioning itself for a stronger bullish reversal, as noted by prominent crypto chart analyst @JohncyCrypto. Retesting Its Descending Channel Breakout On the daily chart, $BCH had been stuck in a clear descending channel for several months, dropping from a peak of around $640 to a bottom near $249. The overall trend was bearish, marked by lower highs and lower lows.
Bitcoin (BCH) Daily Chart/Source: @JohncyCrypto However, the tide started to turn last week. On April 12, BCH broke out of the descending channel at approximately $330, pushing the price up to a local high near $374. Since then, BCH has pulled back slightly and is now retesting the previous descending resistance line — a common move after a breakout. Adding to the bullish case, BCH is also finding support at the 50-day moving average (MA 50), currently around $325, which could act as a critical short-term floor. If Bitcoin Cash holds above this zone and successfully bounces, analysts point to several key upside targets: $410$500$565$618 A full move toward the $618 zone would represent an 86% gain from current levels. The volume profile also suggests that once BCH clears the $400–$410 region, it could face relatively lighter resistance on its way up toward higher price areas. Is a Bounceback Ahead? Given the breakout from the descending channel, strong support at the MA 50, and improving market sentiment, BCH looks well-positioned for a potential bounce. However, confirmation is still needed — especially holding above the $322–$328 support zone in the coming sessions. If bulls can maintain this momentum, Bitcoin Cash could be gearing up for a strong recovery run over the coming weeks. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.