Bitcoin Cash trades near $586.4 after a sharp rebound from lower range support. Price pushed above the 20 EMA at $558.2 and reclaimed the 50 EMA at $559.9. The 100 EMA at $559.3 now flattens below price, reducing downside pressure.
Bollinger Bands expand with the upper band at $581.9 and the lower band at $520.6, signaling rising volatility. Momentum shifts upward but remains capped by higher resistance zones.
What are the Supports and Resistances
| Level | Price (USD) | Description |
|---|---|---|
| Support 1 | $523.8 | Range floor that held multiple pullbacks and triggered the latest rebound. |
| Support 2 | $452.5 | Major downside base from prior accumulation and high-volume reactions. |
| Resistance 1 | $603.1 | Range midpoint that repeatedly rejected upside attempts. |
| Resistance 2 | $643.4 | Upper range boundary aligned with the 0.5 Fibonacci retracement. |
FAQ
What Bitcoin Cash price targets should I consider?
Traders focus on $603.1 as the first reaction zone, followed by $643.4 where sellers previously gained control.
Is Bitcoin Cash Bullish?
Structure improves short term as price holds above $559.3, but the broader range remains intact below $643.4.
How do I set stop-loss levels for Bitcoin Cash?
Stops often sit below $523.8 to avoid noise while respecting the current range low.
What are the Bitcoin Cash moving averages indicating?
The 20 EMA at $558.2 leads higher, with the 50 EMA at $559.9 and 100 EMA at $559.3 clustering, signaling short-term balance.
Should I buy or sell BCH?
The chart favors reactive trades near range extremes rather than directional positioning in the middle zone.
How do Fibonacci levels affect Bitcoin Cash price?
The 0.5 level at $645.9 and the 0.618 level at $692.4 frame the upper resistance band where momentum previously faded.
What does $BCH momentum show?
Price expansion toward the upper Bollinger Band at $581.9 shows improving momentum without confirmation of trend continuation.
Conclusion
Bitcoin Cash stabilizes above key averages with expanding volatility. Price remains range-bound between $523.8 and $643.4 as traders watch for clean reactions at resistance.
Disclaimer
**The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies presented are the thoughts and opinions of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin Cash and other cryptocurrencies are high-risk investments; therefore, please conduct your due diligence. Copyright Altcoin Buzz Pte Ltd.**
