Bitcoin Cash (BCH) continues its upward trajectory, surpassing moving averages and signaling bullish momentum.
Bitcoin Cash Price Analysis: Bullish Trends
Since April 2025, BCH has consistently achieved higher highs and higher lows, reflecting strong market confidence. Despite a brief rejection at $520, the cryptocurrency remains poised for growth.
Key observations:
- Fibonacci Retracement: On May 26, the 61.8% Fibonacci level was tested, suggesting potential upward movement toward the 1.618 extension level ($623.62).
- Price Indicators: Sustained positioning above $500 and moving averages supports continued bullish momentum.
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Technical Outlook
4-Hour Chart Insights:
- BCH fluctuates between moving averages, indicating consolidation before a potential breakout.
- A decisive close above the 21-day SMA would confirm renewed upward momentum.
Critical Levels:
- Resistance: $520, $540, $560
- Support: $400, $380, $360
FAQs
Q: What drives Bitcoin Cash’s current price rise?
A: Technical patterns (e.g., Fibonacci levels) and sustained demand above key supports are primary catalysts.
Q: How reliable is the $623 target?
A: The target aligns with the 1.618 Fibonacci extension, a historically significant level in asset trends.
Q: Should investors expect volatility?
A: Yes—until BCH breaks definitively above the 21-day SMA, range-bound trading is likely.
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Disclaimer: This analysis represents the author’s views and should not be considered financial advice. Conduct independent research before investing.
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