Bitcoin Cash (BCH) is currently trading at $565.68, down 4.69% within the last 24 hours. The volume surged 28.85% to a total of $383.69 million. Although the decline was noted, the market price is maintained nearly unchanged on a weekly basis since it closed at a value of $565.65, rising 0.24%. Traders closely monitor the market expecting purchasing opportunities.
Market sentiment is cautious. Traders are questioning whether BCH will be able to sustain levels near $550. Technical indicators indicate bearish momentum, although the MACD indicates stabilization. Analysts specify that a move below $534 may ignite further decline. The digital currency is probing key resistance levels near $625.
Momentum Remains Strong Despite Short-Term Dips
Crypto analyst CoinCodeCap Trading is forecasting a breakout to $700 should BCH move past $625, its 52-week high. Traders should buy dips around $550 for possible profits. Levels of support remain between $500 and $550, whereas resistance ranges from $625 to $700. Momentum continues to be strong despite bearish short-term trends.
Technicians highlight close attention to the $625 level. A strong breakout may ignite fresh buying interest. On the other hand, a decline toward $550 may provide a better entry. Traders also keep an eye on RSI, currently neutral. BCH remains strong, with multiple-timeframe confirmation of trend strength.
BCH Predictions for 2025
DigitalCoinPrice predicts BCH will reach anywhere between $1,188.99 and $1,244.33 by 2025. Experts believe it may go past its previous all-time highest level of $4,355.62 before settling down in this zone. Investors continue to be upbeat on BCH experiencing upside action sooner rather than later.
Changelly offers a less lofty prediction where the low will be $473.42 and the high will be $575.32 in 2025. The average market price will be around $677.21. BCH should hit an August 2025 figure of approximately $597.85 with the potential of an ROI of 0.80%. BCH will continue to be volatile, though there should be consistent increases on the prices.
