BCH tests a major resistance zone as buyers return | Credit: Hameem Sarwar
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Key Takeaways
BCH exhibits rising momentum after breaking out of its consolidation.
The price is near a critical resistance where past BCH rallies failed
Daily structure suggests the cryptocurrency could rally beyond $650.
Bitcoin Cash’s (BCH) price has started the week strong, having surged more than 12% over the past seven days.
After weeks of sideways movement and repeated battles with resistance, the Bitcoin Cash coin is now signaling a potential shift in trend as buyers steadily regain control.
Key momentum indicators are trending upward, market structure is tightening, and bullish sentiment is starting to build. Currently, BCH’s price is trading around $543.48.
As price presses once again against a critical resistance zone, the big question arises: Is Bitcoin Cash preparing for a much larger rally?
Bitcoin Cash Targets Resistance
On the 4-hour chart, the Relative Strength Index (RSI) indicates growing bullish momentum.
The RSI reads 55.64, climbing above the neutral level with the potential to trend toward the overbought zone.
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Most of the time, this move appears when buyers regain control after a consolidation period, suggesting that the market may be ready for another upward leg.
Meanwhile, the Money Flow Index (MFI) currently stands at 46.30, further supporting the development of a bullish structure.
Although still below the 50 midpoint, the MFI is rising from previously oversold territory.
This pattern suggests that capital inflows are gradually increasing, which, when combined with a rising RSI, precedes stronger price expansions.
Structurally, Bitcoin Cash remains beneath the key horizontal resistance zone around $562.60, where previous rallies have stalled.
A decisive breakout above this level, backed by rising volume and sustained momentum, could pave the way for a stronger bullish continuation targeting the $600 psychological level and beyond.
BCH Price Analysis: Rally to Extend
On the daily chart, BCH’s Moving Average Convergence Divergence (MACD) has printed multiple green histogram bars, signaling bullish momentum.
At 6.80, the 12-day EMA (blue) has crossed above the 26-day EMA (orange). This suggests that short-term buying pressure is gaining strength over longer-term trends, indicating a potential upward movement in BCH’s price.
Similarly, the Awesome Oscillator (AO) reflects the same trajectory. At the time of writing, the indicator has moved into positive territory and begun printing green histogram bars.
This reinforces that BCH’s price is experiencing stronger buying pressure compared to recent periods, signaling a potential continuation of the upward trend.
A closer look at the Fibonacci retracement levels provides clearer insight into BCH’s price trajectory. Trading at $545.82, BCH is trending toward the 0.786 Fib level at $564.68
If buying momentum holds, the Bitcoin Cash coin could retest this resistance zone. A clear break above the 0.786 Fib level would open the path toward the Fib level at $651.22.
However, if the trend reverses, BCH’s price could fall to the 0.5 Fib level at $495.76, which is below its current threshold.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
