Key Takeaways
- Bitcoin Cash (BCH) leads gains among the top 20 cryptocurrencies, surging 4% in 24 hours.
- Short-term price target: $585 (liquidity zone and Fair Value Gap).
- Long-term analyst projection: $1,509, a potential +180% upside.
Bitcoin Cash Outperforms Market
The crypto market dipped 1% this week, with Bitcoin (BTC) and Ethereum (ETH) stagnating. However, BCH defied the trend, climbing to $522—a 13% weekly increase—and securing the 12th-largest market cap.
🔹 Why the rally?
- Strong bullish momentum after sweeping support at $486.
- Positive technical indicators: RSI at 63 (buying pressure) and MACD in the green.
Short-Term Price Targets
The 4-hour BCH/USD chart suggests:
- Immediate goal: $585 (FVG magnet zone).
- Next resistance: $638, last seen in December 2024.
👉 Why Bitcoin Cash’s liquidity zones matter
Long-Term Forecast
Analysts predict a **$1,509** breakout, echoing **May 2021 levels**. Despite recent gains, BCH remains **88% below its 2017 ATH** ($4,355), leaving room for growth.
"BCH’s breakout target at $1,509 implies +180% upside—a major opportunity."
— Javon Marks, Market Analyst
FAQs
Q: What’s driving BCH’s price surge?
A: Bullish technicals, liquidity sweeps, and broader crypto market dynamics.
Q: Is $1,509 a realistic long-term target?
A: Yes, if historical resistance levels and trading volumes align.
Q: How does BCH compare to Bitcoin?
A: BCH offers faster transactions and lower fees, appealing for utility-focused investors.
👉 Bitcoin Cash vs. Bitcoin: Key differences
Disclaimer: This content integrates AI tools, verified by CoinJournal’s editorial team for accuracy.
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