Bitcoin Cash (BCH) is trading at approximately $496.69, marking a ~3.3% decline over the past 24 hours. The pullback follows a sharp run-up earlier this week, where BCH reached year-highs near $525, before retracing amid profit-taking and consolidation.
In this article, we will look at BCH next target along with technical analysis and latest news.
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Bitcoin Cash Next Target
- Current Price: $496.69
- 24h Price Change: –3.3%
- 24h Range: $483 – $511
- Market Cap: ~$9.55 billion
- 24h Trading Volume: ~$408 million
- Circulating Supply: ~19.89 million BCH
- Max Supply: 21 million BCH
Break above a 200-day Moving Average (200 SMA) signaled a bullish trend reversal and price reached our target of $500 (even surpassed it to $550 briefly).
Now we look for the right entry opportunity in Uptrend. We wait for price to either
1) break above $500 to signal continuation of uptrend, with +10% upside potential to $550 next, or
2) pull back near $390 support for another swing trade entry in Uptrend with +20% upside potential back to $500. Stop Loss at $370.
Key Technical Indicators
- RSI: ~61 – Bullish zone, but not yet overbought
- MACD: Bullish crossover confirmed, with upward momentum building
- Support Levels: $478–$485 (recent consolidation zone)
- Resistance Levels: $525 (recent high), then $550–$560
- Trend Overview: Uptrend intact; currently consolidating after a strong rally
Latest Bitcoin Cash News & Developments
- New Yearly Highs
BCH recently surged to ~$525, marking its highest level since December 2024, supported by increased trading volume. - Volume-Supported Breakout
A notable surge in trading volume accompanied the breakout, adding strength to the recent upward move. - Open Interest Increase
Derivatives open interest rose by ~25%, signaling heightened interest from traders and institutions.
👉 Short-Term Forecast: Mildly Bullish – healthy consolidation
📉 Risk Level: Moderate – watch for volatility and broader market cues
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