Bitcoin Cash Primed for 35% Rally—Here’s the Bull Case
Bitcoin Cash isn’t whispering—it’s screaming breakout. On-chain metrics and a bullish technical setup suggest the oft-overlooked fork is gearing up for a run at 35% gains. Forget 'slow and steady'—this is crypto, where patience is measured in minutes.
Technical Tailwinds
The charts don’t lie: BCH has coiled into a textbook symmetrical triangle. A decisive close above resistance could trigger algorithmic buys from traders who still think TA works in a market driven by Elon Musk tweets and SEC lawsuits.
Liquidity Hunt
With spot volumes drying up elsewhere, market makers are eyeing BCH’s relatively shallow order books. Thin liquidity means explosive moves—and brokers love nothing more than slapping ‘volatility’ warnings on your screen while pocketing your spread.
Just don’t remind anyone this is the same asset that plunged 60% last quarter when a whale decided to buy a private island instead of holding. Crypto winter? More like crypto whiplash.
BCH exchange inflow and outflow | Source: CoinGlass
Bitcoin Cash price technical analysis
Another reason for the ongoing BCH price rally is that it formed a giant double-bottom pattern at $284, its lowest swing in Aug. last year and April this year. This pattern’s neckline is at $640, its highest swing in Dec. last year and 35% above the current level.
BCH price has moved above the 50-day and 200-day Exponential Moving Averages, while the Average Directional Index has jumped to 23, a sign that it is gaining momentum.
Therefore, the coin will likely continue rising as bulls target the key resistance at $640. A MOVE above that level will point to more gains as it validates the double-bottom pattern.
