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  • BCH looks to break key resistance as Bitcoin Cash volume jumps 30%

    BCH looks to break key resistance as Bitcoin Cash volume jumps 30%

    Bitcoin Cash Price

    • Bitcoin Cash price is near $590 having touched highs above $604 in the past 24 hours.
    • While BCH is a mere 1% in 24 hours at the time of writing, it’s 18% higher in 30 days.
    • Bitcoin Cash could break above critical resistance and eye the $1,000 level.

    Bitcoin Cash (BCH) is not one of the flashy performers in the crypto market, with the coins’ 18% uptick in the past month small compared to peers in the top 100 cryptocurrencies by market cap.

    However, as Ethereum makes headlines as it approaches its all-time high, Bitcoin Cash is also hovering around a critical resistance level having tested the $600 level.

    This charge, fueled by a remarkable 30% surge in daily trading volume, could see BCH eye further gains towards the $1,000 mark. But what’s the technical outlook?

    Bitcoin Cash retests key price level

    The price of Bitcoin Cash is currently retesting a pivotal resistance zone, with its price hovering around the $600 mark.

    Over the past 24 hours, BCH has touched highs of $601 across major exchanges, and shows resilience with prices remaining above $590 and ticking to highs near the July peak of $604.

    BCH price chart by TradingView

    The jump to $600 represents a notable move for BCH, as this allows buyers to test the upper boundary of a sell wall that has previously seen bears emerge strongly.

    Notably, the 30% spike in trading volume speaks to the increased market activity, suggesting traders may be positioning for a potential breakout.

    What’s next for BCH price: Can bulls reclaim $1,000 in 2025?

    BCH price reached highs of $624 in December 2024 and last traded above $1,000 in 2021.

    Looking at the technical picture for Bitcoin Cash, the overall outlook is optimistic, with bulls setting their sights on flipping $600 into a robust support level.

    From here, a potential climb towards $1,000 is possible. In the short term, the supply wall is around $680 and $764 and above this, a flip to $1k and over will be more likely.

    The broader market sentiment, with Fear & Greed Index trending in the “Greed,” zone, adds to this outlook.

    BCH’s technical indicators also align with a bullish trend. Increased adoption that has investors buoyed amid favorable macroeconomic conditions, gives this altcoin a good chance of continuing higher.

    However, traders may yet trade cautiously as profit taking a dump for major altcoins could dampen broader sentiment.

    The upcoming inflation data, with Bitcoin’s correlation with stocks tight, could mean either a sharp surge or notable dump.

    “BTC ’s correlation with equities has tightened since mid-July, mirroring US stocks’ rebound to near record highs. Attention now shifts to Tuesday’s CPI, expected to rise 10 bps to 2.8%,” analysts at QCP noted. “A softer CPI could cement odds of a September Fed cut, while a hotter print risks stalling the rally. Traders are hedging with demand for short-dated $BTC puts in the $115k–$118k range.”

    The price of Bitcoin hovers around $118,500, while BCH trades near $590.

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  • Bitcoin Cash price forecast: BCH steady despite profit taking

    Bitcoin Cash price forecast: BCH steady despite profit taking

    Bitcoin Cash Token Steady Despite Profit Taking

    • Bitcoin Cash price hovered above $470 on June 18, 2025, despite broader profit taking.
    • BCH could break to December 2024 highs around $640.
    • However, a lack of decisive moves above $500 could allow for further declines if bearish momentum accelerates.

    Bitcoin Cash (BCH) is trading just below $470, marginally in the red for the day, while most major altcoins have seen sharper declines over the past 24 hours.

    The token, which is a fork of Bitcoin (BTC), is down 0.3% at the time of writing, faring better than most of the top 10 cryptocurrencies by market cap, which are down between 1.5% and 3%.

    The total market capitalization of all cryptocurrencies has declined 1.5% to $3.26 trillion, reflecting a broader pullback in risk assets across global markets.

    Bitcoin Cash price dips amid crypto market weakness

    Despite the profit-taking that has intensified as uncertainty looms with the geopolitical conflict in the Middle East, Bitcoin Cash shows notable resilience.

    Macroeconomic pressures have also not helped investor sentiment, providing a potential downturn outlook for BCH and most altcoins.

    The Bitcoin Cash price stood among the top gainers last week, rising to hit highs near $480.

    It outpaced peers and Bitcoin’s more modest gains as it extended above $400.

    However, the past 24 hours have seen BCH retreat from its multi-week highs, largely due to broader profit-taking across the market.

    Similar trends have seen Bitcoin price pullback from highs above $108k to under $105k, driven by geopolitical tensions.

    The recent military escalations between Israel and Iran have dampened investor confidence, contributing to market volatility.

    While there are positive developments, such as the US Senate’s passage of the GENIUS Act, broader uncertainty persists.

    Investors are thus largely cautious, a reflection seen in Bitcoin’s performance.

    Indecision runs high, and BCH’s delicate poise above $400 may be retested again.

    On the other hand, a flip could be huge for bulls.

    BCH price prediction

    Despite recent losses, Bitcoin Cash exhibits resilience, with bulls defending the $400 support level within an ascending triangle pattern.

    Often, such a pattern precedes bullish breakouts.

    Also steady is the Open Interest (OI) in BCH futures. Per Coinglass, OI has risen 2.8% to $487 million to signal continued trader confidence.

    Buyers may use the dip to position for a potential move.

    BCH chart by TradingView

    Technical indicators bolster this optimism, with the Relative Strength Index (RSI) at 65 to suggest sustained bullish momentum.

    Bitcoin Cash’s daily chart also has the Moving Average Convergence Divergence (MACD) showing a bullish crossover, suggesting buyers retain the upper hand.

    Should BCH break above the key $500 resistance, the next target lies at the December 2024 highs of $640, potentially signaling a broader rally.

    On the downside, strong support exists at $400, with $375 acting as a critical floor.

    A breach below these levels could accelerate bearish pressure, particularly if Bitcoin falls below the psychological $100k level.
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  • Pro delivers a $2 trillion BCH, Solana, Litecoin, Mina, Bitcoin price prediction

    Pro delivers a $2 trillion BCH, Solana, Litecoin, Mina, Bitcoin price prediction

    • An analyst at Standard Chartered delivered a strong Bitcoin prediction.

    • He expects BTC price to jump to $120,000 in 2024.

    Bitcoin price has continued wavering in the past few weeks as investors wait for the next important crypto news and US inflation data. The coin was trading at $30,400, where it has been at in the past two weeks. As a result, the fear and greed index has moved to the neutral point of 56.

    Standard Chartered is bullish on Bitcoin

    Bitcoin price has jumped by more than 90% in 2023, meaning it has outperformed popular financial assets like the Dow Jones and the Nasdaq 100 indices. It has also done better than gold and other metals.

    Now, despite the recent consolidation, some analysts believe that Bitcoin price has more upside in the next few months. The two biggest potential catalysts are the potential for a Bitcoin ETF. Analysts believe that the SEC will accept one or all of the recent proposals by companies like Blackrock and Invesco.

    The other potential catalyst for Bitcoin will be the upcoming halving, which will happen in April next year. Historically, Bitcoin tends to rally ahead of the halving event. We can also look at the spectacular performance of Litecoin price since July last year. Litecoin’s halving will happen in August.

    Some analysts are bullish about Bitcoin. The most bullish analyst is from Standard Chartered. Two months ago, the analyst said that Bitcoin could surge to $100,000 by the end of 2024. In a note this week, the analyst said that he believes that BTC price could jump to $120,000. The analyst cited the ongoing miner activity, saying:

    “It is the equivalent of miners reducing the amount of bitcoins they sell per day to just 180-270 from 900 currently. Over a year, that would reduce miner selling from 328,500 to a range of 65,700-98,550 – a reduction in net BTC supply of roughly 250,000 bitcoins a year.”

    ‘If Standard Chartered’s Bitcoin prediction is accurate, it means that its market cap could hit over $2.3 trillion by the end of 2024. That’s because BTC has a market cap of over $591 billion.

    Altcoins could jump as well

    If this Bitcoin’s prediction is accurate, it means that other altcoins will do the same. For example, popular proof-of-work coins like Litecoin and Bitcoin Cash could resume their bullish rally. Litecoin has already jumped by over 134% from its 2022 lows. Bitcoin Cash, which is a Bitcoin’s hard fork, has risen by over 100% in the past few weeks.

    These coins are doing well because of their upcoming halving events. Litecoin will go through halving in August while Bitcoin Cash’s will take place in December. These coins will also benefit if the SEC accepts the ETF since more companies will be motivated to launch their ETFs.

    Other cryptocurrencies like Compound, Solana, Mina. and Internet Computer (ICP) could benefit because of the close correlation that exists in the crypto industry.

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  • Here’s why the Bitcoin Cash (BCH) price has just gone parabolic

    Here’s why the Bitcoin Cash (BCH) price has just gone parabolic

    • Bitcoin Cash price has been in a strong bullish trend in the past few days.

    • The coin has surged by over 150% from the lowest level in May.

    • This rally is being supported by the Bitcoin ETF applications.

    Bitcoin Cash price continued surging on Monday even as BTC and other cryptocurrencies moved sideways. The BCH coin jumped to a high of $228.72, the highest level since May 14th of last year. In all, the coin has jumped by more than 150% from the lowest level in May, making it one of the top-performing cryptocurrencies in the world.

    BCH rally continues

    Bitcoin and other cryptocurrencies have been in a strong bullish trend in the past few days. This rally is mostly because of the recent crypto news. Companies like Blackrock, WisdomTree, and Invesco announced plans to launch their Bitcoin ETF. If this is accepted, it will likely help many institutional investors allocate funds to Bitcoin.

    These ETF proposals do not impact Bitcoin Cash directly. However, analysts believe that these companies will file their Bitcoin Cash spot ETF proposals if the Bitcoin one is accepted. Bitcoin Cash, as with BTC, is seen as a commodity since it is a hard fork of Bitcoin itself.

    Other cryptocurrencies that could benefit in all this are Litecoin, Bitcoin SV, and Ethererum Classsic. There are concerns that Ethereum will be avoided because of its staking feature, which SEC believes contravenes securities law.

    Bitcoin Cash price also jumped after it became one of the four cryptocurrencies offered by EDX Markets, the new Fidelity, Schwab, and Citadel-backed crypto exchange. The other cryptocurrencies offered by the exchange are Ethereum, Bitcoin, and Litecoin.

    Further, Bitcoin Cash is doing well since it has a lower price than Bitcoin itself. The BTC and BCH ratio currently stands at 131, meaning that 1 Bitcoin is worth about 131 BCHs. 

    Bitcoin Cash price prediction

    The 4H chart shows that the Bitcoin Cash price has been in a strong bullish trend in the past few days. It has jumped above the important resistance point at $124, the highest point on May 9th. The coin has moved sharply above the 25-day and 50-day moving averages (MA).

    It has also invalidated the upper part of the double-top pattern at $221.10. This was an important level since it was the highest level last week. The Relative Strength Index (RSI) has moved above the overbought level.

    Therefore, there is a likelihood that the BCH price will continue rising as buyers target the next key resistance point at $250. A move below the double-top neckline at $184 will signal that there are more sellers left in the market.

    How to buy Bitcoin Cash

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