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Bitcoin Cash Soars to Nearly $650, Hitting Highest Price Since April

Bitcoin Cash Soars to Nearly $650, Hitting Highest Price Since April

Author:
Coindesk
Published:
2025-09-18 12:07:15
12
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Bitcoin Cash rockets past resistance levels, defying market expectations with its strongest performance in over a year.

The Rally Nobody Saw Coming

BCH surges toward the $650 mark—a price point not touched since spring 2024. This unexpected climb leaves traditional finance analysts scrambling while crypto natives stack gains.

Market Momentum Builds

Trading volume spikes as institutional money quietly flows into the asset. Retail investors chase the momentum, creating a classic FOMO cycle that pushes prices higher.

Technical Breakout Confirmed

The breakout clears key resistance levels, suggesting this isn't just a temporary pump. Chartists point to bullish indicators across multiple timeframes.

Of course, Wall Street will call it speculative frenzy—right before launching their own Bitcoin Cash ETF. Because nothing says 'serious investment' like chasing 18-month highs.

BCH's daily chart in candlestick format. (CoinDesk/TradingView)

BCH’s recent move builds on the bullish breakout confirmed two months ago. In July, its price surged above the upper boundary of a channel pattern formed by trendlines connecting highs from April and December 2024, and lows from August 2024 and April 2025.

This breakout from a prolonged period of consolidation suggests that selling pressure has been absorbed, clearing the way for further upside. The immediate resistance to watch is the 2024 high at $719, which could be the next key hurdle for BCH to surpass.

|Square

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