Bitcoin Cash is near a key breakout after its recent rally.
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Key Takeaways
Bitcoin Cash has surged to $525, representing a 75% increase over the past 90 days.
Support exists between $478.31 and $508.11, indicating that BCH’s rally may extend.
BCH price will likely break toward $640 since indicators reveal it is not overbought.
Bitcoin Cash (BCH) just broke past multiple resistance levels to hit $525, its highest price since Dec. 18, 2024.
Over the past three months, BCH has surged 75%, making it one of the strongest performers in the crypto market.
The rally comes as optimism builds around a possible Federal Reserve rate cut later this month.
With macro conditions shifting, many are betting the momentum could carry BCH even higher.
In this analysis, CCN breaks down how BCH got here and whether the technicals suggest there’s more upside ahead.
Bitcoin Cash Rallies Again
Bitcoin Cash (BCH) has climbed to a new yearly high, pushing 83% of its holders into unrealized profit, a major turnaround from earlier this year when it briefly fell below $300.
The weekly chart shows BCH is now pressing against the upper boundary of a falling channel, with strong support holding near $267.75.
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While BCH has been rejected at this resistance level twice before, this time could be different.
The Moving Average Convergence Divergence (MACD) is flashing a bullish signal, as the 12-day Exponential Moving Average (EMA) (blue) crossed above the 26-day EMA (orange) back in April, a trend that’s still holding.
If momentum holds and the breakout succeeds, Bitcoin Cash could soon be eyeing the next major psychological level above $600.
No Ceiling in Sight
To further assess Bitcoin Cash’s short-term outlook, we analyzed the In/Out of the Money Around Price (IOMAP) metric, which identifies key support and resistance levels based on on-chain wallet activity.
According to IntoTheBlock data, strong buying support exists between $478.31 and $508.11, where many addresses previously acquired BCH at a profit.
In contrast, the resistance zone, formed by holders in unrealized losses, sits between $524.67 and $604.14.
Because the volume of profitable addresses in the support zone outweighs those in the resistance cluster, the path of least resistance may be upward.
BCH In/Out of Money Around Price | Credit: IntoTheBlock
If buying momentum continues, Bitcoin Cash’s price could easily break above the $525 level and rally toward the upper band of the resistance range.
BCH Price Prediction: Higher Values
On the daily chart, Bitcoin Cash is trading in an ascending channel. The chart below shows that the altcoin has been hitting higher and lower highs.
Amid this, the Relative Strength Index (RSI) reading has increased. However, it also shows that BCH has not yet been overbought.
Due to this position, the price will likely break the resistance at $547.82. In addition, the Chaikin Money Flow (CMF) has held its ground above the zero signal line.
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.
