Bitcoin Cash Price Prediction: BCH Crosses $500 to Hit $10B Valuation First Time in 2025
Bitcoin Cash bucked the market sag with a 2% rally to $500, becoming the week’s top performer among the top 20 altcoins. However, technical analysis reveals signs of potential trend reversal. Instead of retreating along with layer-1 rivals, Bitcoin Cash bulls seized on the lukewarm macro sentiment to extend their rally, potentially banking on BCH as a hedge play amid stalling Bitcoin momentum. From a technical viewpoint, Bitcoin Cash is flashing early signs of a potential trend reversal, despite its solid 2.9% gain to $503 on June 27. The BCH 24-hour chart shows a Double Top formation, indicating a bearish pattern that could trigger a rapid approach to the predicted downside target near $363. Adding weight to this bearish setup is the Relative Strength Index (RSI), currently at 65.79, with a bearish divergence suggesting weakening momentum beneath the surface. Unless bulls reclaim $510 with sustained volume, BCH runs the risk of a technical rejection with downside targets near $425 first and ultimately around $363 if the breakdown accelerates. However, a definitive BCH price close above $510 with a corresponding RSI breakout above 70 could invalidate this bearish thesis. As Bitcoin Cash price breaks into 2025 highs, traders seeking to protect profits and earn long-term returns are turning to the eagerly awaited crypto wallet token, Best Wallet ($BEST), currently priced at just $0.0252.
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Disclaimer: Coinspeaker is committed to providing objective and transparent reporting. This article aims to offer timely and accurate information but should not be considered financial or investment advice. Market conditions can change rapidly; we encourage you to verify information independently and consult a professional before making decisions based on this content.
