The crypto bear market has not stopped Bitcoin Cash (BCH) from showing unusual strength. While many altcoins struggle, BCH remains one of the strongest altcoins, holding large yearly gains. Bitcoin Cash is still up nearly 80% year-on-year, showing that demand has stayed intact even as the broader crypto bear market continues.

This strength is now clearly visible in whale behavior. The largest Bitcoin Cash holders, wallets holding between 100,000 and 1 million BCH, increased their holdings from 4.31 million BCH on February 16 to 4.36 million BCH recently.

This means whales added 50,000 BCH, worth about $28.5 million at the current price. Whale accumulation during a crypto bear market often signals confidence, as these investors typically buy when they expect higher prices ahead.

This optimism connects directly with Bitcoin Cash’s price chart. BCH is currently forming an inverse head-and-shoulders pattern, a bullish pattern that often precedes a breakout.

This pattern shows that selling pressure is fading and buyers are slowly gaining control. BCH attempted a breakout near $575 but faced some selling pressure. However, continued whale buying suggests this resistance may weaken over time.

A confirmed breakout requires a daily close above $575. If that happens, BCH could rally toward $793 and potentially $800, completing the pattern’s nearly 40% upside target. These levels also align with Fibonacci resistance zones, strengthening the bullish case.

However, risks still exist. The bullish structure weakens if BCH falls below $538, because that would show buyers losing control. Full invalidation happens only if the BCH price drops under $422, which would break the entire pattern.

For now, Bitcoin Cash stands out as one of the rare altcoins defying the bear market, supported by both whale accumulation and a bullish technical structure.

Among the altcoins defying the bear market, Morpho stands out because of its strong fundamentals and bullish price structure.

Morpho is the governance token of a decentralized lending platform that allows users to lend $FOGO