Can Bitcoin Cash Emulate Rise of Bitcoin

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Bitcoin Cash (BCH) is trading at approximately $496.69, marking a ~3.3% decline over the past 24 hours. The pullback follows a sharp run-up earlier this week, where BCH reached year-highs near $525, before retracing amid profit-taking and consolidation.

In this article, we will look at BCH next target along with technical analysis and latest news.

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Bitcoin Cash Next Target

  • Current Price: $496.69
  • 24h Price Change: –3.3%
  • 24h Range: $483 – $511
  • Market Cap: ~$9.55 billion
  • 24h Trading Volume: ~$408 million
  • Circulating Supply: ~19.89 million BCH
  • Max Supply: 21 million BCH
Bitcoin Cash Next Target

Break above a 200-day Moving Average (200 SMA) signaled a bullish trend reversal and price reached our target of $500 (even surpassed it to $550 briefly).

Now we look for the right entry opportunity in Uptrend. We wait for price to either

1) break above $500 to signal continuation of uptrend, with +10% upside potential to $550 next, or

2) pull back near $390 support for another swing trade entry in Uptrend with +20% upside potential back to $500. Stop Loss at $370.

Key Technical Indicators

  • RSI: ~61 – Bullish zone, but not yet overbought
  • MACD: Bullish crossover confirmed, with upward momentum building
  • Support Levels: $478–$485 (recent consolidation zone)
  • Resistance Levels: $525 (recent high), then $550–$560
  • Trend Overview: Uptrend intact; currently consolidating after a strong rally

Latest Bitcoin Cash News & Developments

  • New Yearly Highs
    BCH recently surged to ~$525, marking its highest level since December 2024, supported by increased trading volume.
  • Volume-Supported Breakout
    A notable surge in trading volume accompanied the breakout, adding strength to the recent upward move.
  • Open Interest Increase
    Derivatives open interest rose by ~25%, signaling heightened interest from traders and institutions.

👉 Short-Term Forecast: Mildly Bullish – healthy consolidation
📉 Risk Level: Moderate – watch for volatility and broader market cues

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Harsh Panghal
Harsh Panghal

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