|

Bitcoin Cash price analysis: This breakout will last some more

  • BCH breaks out on the short and long term charts.
  • Has enough room to runaway.

Bitcoin Cash, the separated cousin of the largest cryptoucrrency Bitcoin, has broken out of certain critical resistances on the short term as welll as long term charts, which can easily take prices higher by 20-30 percent in the next few weeks.

BCH/USD is up more than 5 percent on day at $650.866 and not far off from day's high of $660. On the 120-minute chart, BCH broke out of a horizontal trendline resistance on Saturday and now doesn't have any strong resistance before $700.

On the daily chart too, bulls were able to take off descending trendline barrier that didn't allow it to cross past it since June this year and now should be able to target $700 and $880 in the next few weeks.

BCH/USD 120-minute chart:

BCH/USD daily chart:


Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel

Author

Manoj B Rawal

Manoj B Rawal

Independent Analyst

Manoj B Rawal, financial markets professional with about 11 years of experience in writing, editing and advising on stocks, currencies and fixed income.

More from Manoj B Rawal
Share:

Editor's Picks

Top 3 Price Prediction: Bitcoin, Ethereum, and Ripple face downside risk as bears regain control

Bitcoin, Ethereum, and Ripple remain under pressure on Wednesday, with the broader trend still sideways. BTC is edging below $68,000, nearing the lower consolidating boundary, while ETH and XRP also declined slightly, approaching their key supports.

Cardano Price Forecast: ADA stalls as mixed signals limit recovery

Cardano steadies at $0.28 on Wednesday after failing to break through a key resistance zone over the weekend. Mixed signals from the derivatives and on-chain metrics suggest that ADA’s short-term outlook remains uncertain, limiting the scope for a recovery.

Pi Network Price Forecast: PI rally defies market pressure ahead of its first anniversary

Pi Network is trading above $0.1900 at press time on Wednesday, extending the weekly gains by nearly 8% so far. The steady recovery is supported by a short-term pause in mainnet migration, which reduces pressure on the PI token supply for Centralized Exchanges.

Top Crypto Gainers: Jito drops, Morpho holds steady, Convex Finance climbs

Decentralized Finance (DeFi) tokens, including Jito, Morpho, and Convex Finance, rank among the top-performing crypto assets over the last 24 hours. Jito dips on Wednesday after rallying 22% the previous day on the launch of a new mainnet node.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.