Bitcoin Cash (BCH) Price Ready to Explode? Don’t Miss This $390 Signal!
Bitcoin Cash shows strong bullish signs with rising demand and price momentum. A breakout above $390 could trigger major gains.
Bitcoin Cash (BCH) has shown signs of bullish recovery, gaining momentum since April 16. After breaking and retesting a descending trendline, BCH surged 15.41% in just over a week. Following a slight weekend dip, it bounced back with a 5.38% rise on Monday, currently hovering around $368 as of Tuesday. This recent price action has sparked renewed interest in Bitcoin Cash price prediction, with analysts eyeing potential upside if key resistance levels are breached.
Technically, BCH holds promise. A daily close above the key $390.5 resistance could spark a 17% rally toward the next significant resistance at $459.20. The Relative Strength Index (RSI) sits at 61—well above the neutral 50—signaling bullish momentum. Additionally, the MACD indicator recently flashed a bullish crossover, reinforcing the likelihood of continued upward movement.
On-chain metrics support this outlook. According to Santiment, BCH’s Daily Active Addresses hit an all-time high of 4.13 million on Tuesday. This spike reflects growing blockchain usage and strengthens the bullish case.
Still, risks remain. Whale capital is reportedly rotating into other altcoins like Litecoin amid ETF speculation, limiting BCH’s near-term upside. Negative funding rates and the threat of a descending triangle breakdown in April 2025 also pose technical risks, especially if support at $255–$222 fails.
Also Read: FTT Price Prediction 2025, 2026 – 2030
Looking ahead, analysts predict BCH could reach $701 in 2025, riding on Bitcoin’s projected move toward $100,000. Long-term forecasts for 2030 remain optimistic but cautious, hinging on broader crypto adoption and ongoing development.
Sentiment on X (formerly Twitter) is mixed. Some users expect massive bull-run targets like $3,500, while others acknowledge near-term volatility tied to market trends and funding rates.
In conclusion, BCH’s short-term outlook is bullish if it breaches $390, with technicals and network activity supporting further gains. However, traders should monitor funding rates, capital flows, and key support zones for signs of a reversal.
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