Bitcoin Cash (BCH) Bulls Charge: $680 Target in Sight as Momentum Builds
BCH bulls are flexing—and the charts are listening.
Forget sideways action. Bitcoin Cash is gathering steam, with technical indicators flashing green and a clear price target emerging from the noise. The $680 level isn't just a number; it's the next major resistance wall, and the bulls are lining up for a run at it.
The Setup for a Breakout
Volume is ticking up, support levels are holding firm, and the sentiment shift is palpable. This isn't speculative hype—it's a classic momentum play building on the charts. Each higher low signals growing confidence, painting a picture of controlled aggression from the buy side.
Why $680 Matters
Breaking past $680 would do more than just make portfolio screens greener. It would crack a key psychological and technical barrier, potentially unlocking a new trading range and forcing a market re-evaluation. It's the kind of move that turns cautious observers into late buyers—a classic tale as old as trading itself.
The path is set. The bulls have the strength. Now, they need the follow-through. Watch for a decisive close above that level; that's when the real fun begins. Just remember, in crypto, today's bullish charge can always be tomorrow's 'what was I thinking?'—the market's favorite plot twist.
BCH Faces Key Resistance and Support Levels
Bitcoin Cash is now hovering near a major resistance zone between $600 and $620. Sellers have pushed the price down in this area several times before. The latest sharp bounce from $525–$535 shows strong buying interest returning, with bulls confidently stepping back into the market after recent weakness.
The nearest level of support is between $565 and $575, with a healthy retest in this area possibly stabilizing the market, provided that buyers continue to participate. Remaining above the support level maintains the bullish setup. Breaking above $620 with conviction can unlock additional momentum, leading to $645, $660, and even $680.
Source: @CW8900However, if Bitcoin Cash is unable to break through its resistance, it may again be forced to reject prices, leading to consolidation and a pullback. Breaking below $575 will surely bring about further selling pressure, leading to a fall back to the $535 zone of demand. A fall from this point may again bring about the $500 level.
Technical Indicators Signal Strengthening Momentum
The current reading on the RSI is close to 64.5, which is a strong bullish signal but still short of the overbought level of 70. It suggests that the dominant players in the market are buyers, but it is not overvalued. The RSI is still above its average level of 50.
Source: TradingViewThe MACD depicts a bullish pattern with the MACD line above the signal line. This indicates that the momentum is positive. The histogram is slightly negative, but it is improving, which indicates that the bear pressure is diminishing. This indicates that the bear pressure is diminishing. The fact that the MACD and signal lines are steep is an indication that the momentum is strong.