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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:
CoindeskEN
Published:
2025-09-18 12:07:15
19
2

Bitcoin Cash rockets past expectations—defying skeptics and traditional finance's sluggish pace.

The Surge Explained

BCH smashed through resistance levels, climbing to nearly $650—a height not seen since last April. Market momentum builds as traders flock to the outperforming asset.

Why It Matters

This rally signals growing confidence in Bitcoin Cash's utility and scalability—while traditional banks still struggle with basic wire transfers. Digital assets keep proving they're not just a flash in the pan.

Looking Ahead

If this pace holds, we might just see Bitcoin Cash challenge its previous peaks. Meanwhile, Wall Street continues to overcomplicate everything with fees and paperwork.

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.

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