Bitcoin Cash (BCH) is flashing bullish signals, with the price soaring over 26.7% in the past 14 days. Just in the last seven days, BCH has surged by 17.4%, briefly crossing the $500** mark before closing slightly below it. As of writing, BCH trades at **$489.86—just 2% under the key psychological resistance.
Is a breakout above $500 next? Let’s dive in.
Bitcoin Cash Price Hits 2-Month High as Volume Spikes
BCH has significantly outperformed broader market expectations this quarter, jumping 62.1% since April. After posting a 20.9% gain in April and a 13.3% return in May, the coin is already up 18.5% in June.
Yesterday, BCH touched $500 for the first time since January 17 but failed to hold above it by market close. Still, 24-hour trading volume spiked by 6.3%, fueled by increased institutional interest and overall crypto market volatility.
Between 13:00 and 14:00, the market saw a surge of 152,000 BCH in trades—over 5x the average hourly volume, pushing daily volume to $645.6 million.
BCH Price at $500 Resistance: Bulls Eye Breakout Levels
Technical charts show multiple breakout attempts above $500 in the past 24 hours. Although BCH hasn’t closed above the mark, it currently sits:
- 2.06% below the resistance
- 4.02% above the 100-hour SMA at $470.90
Analysis suggests that a solid close above $500** could drive BCH to **$505 or even $520, unlocking further upside momentum.
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Technical Indicators Confirm Bullish Momentum
- Relative Strength Index (RSI): At 68.64 on the daily chart, indicating room for further gains before overbought levels.
- MACD: Flashed a bullish crossover, signaling potential upward continuation.
Final Thoughts
With strong technicals, surging volumes, and renewed institutional interest, Bitcoin Cash is poised for a major move. If it successfully flips the $500** resistance into support, it could open the door to **$520 and beyond.
FAQs
What will be the price of BCH in 2025?
Analysts project a range of $280–$700, averaging $400–$500. Bullish scenarios target up to $1,400.
What is the future of Bitcoin Cash in 2030?
Long-term forecasts range from $590** to **$3,900, driven by adoption and technological advancements.
How high will BCH go?
Short-term: $520+** if **$500 breaks. Long-term: Optimistic targets reach $3,500 by 2030.
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