Bitcoin Cash (BCH) continues to demonstrate resilience, trading above $470** as of June 18, 2025, despite broader market profit-taking. Analysts suggest BCH could target **$640, echoing its December 2024 peak, though bearish momentum below $500 may trigger further declines.
Market Overview
- Current Price: $470 (minor 0.3% drop, outperforming top 10 cryptocurrencies).
- Total Crypto Market Cap: Down 1.5% to $3.26 trillion, reflecting global risk-asset pullbacks.
Key Factors Influencing BCH
- Profit-Taking: BCH dipped from recent highs amid widespread crypto market corrections.
- Geopolitical Tensions: Middle East conflicts and macroeconomic pressures dampen investor sentiment.
- Regulatory Developments: Positive strides like the U.S. Senate’s GENIUS Act contrast with lingering uncertainties.
Bitcoin Cash Price Analysis
Technical Indicators
- RSI: 65 (bullish momentum).
- MACD: Bullish crossover on daily charts.
Support Levels:
- $400 (strong).
- $375 (critical floor).
Resistance Levels:
- $500 (key breakout point).
- **$640** (next target if $500 breached).
TradingView Chart Insights
An ascending triangle pattern suggests potential bullish continuation, with $400 acting as a defended support zone.
Price Predictions
Bullish Scenario
- Break above $500**: Could propel BCH toward **$640, signaling a broader rally.
- OI Data: Open interest rose 2.8% to $487M, indicating sustained trader confidence.
Bearish Risks
- Failure to hold $400**: May accelerate declines, especially if Bitcoin falls below **$100K.
FAQs
1. Why is BCH more stable than other cryptos?
BCH’s resilience stems from strong support at $400 and steady futures market activity.
2. What’s the impact of geopolitical tensions on BCH?
While short-term volatility persists, BCH’s technical structure mitigates extreme downside.
3. How likely is a $640 retest?
Achievable if bullish momentum reclaims $500, though macroeconomic headwinds remain a wildcard.
👉 Explore real-time BCH charts for deeper analysis.
Disclaimer: This content is for informational purposes only and does not constitute financial advice.
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