BCH surged over 20%, attracting bullish predictions despite global geopolitical tensions.
On-chain data shows retail selling, while traders continue to build aggressive long positions.
Price may rally another 30% toward $632 If BCH breaks $485 resistance.
Bitcoin Cash — BCH, has shaken off the dust and slammed the gas pedal. After weeks of sideways action, BCH shot up over 20%, catching traders off guard. Some saw this surge as random, but those watching closely noticed growing signs beneath the surface. As geopolitical tensions heat up, especially between Israel and Iran, BCH seems to defy the storm. Now, the big question—can this momentum turn into something massive?
https://twitter.com/Bit_Montie/status/1934633897008267368 Traders Turn Up the Heat as BCH Gains Speed
Analysts have lit up social media with bullish takes on BCH. Their predictions feel bolder than ever. Despite external global pressure, confidence around the coin has exploded. Social feeds fill with price charts, moon emojis, and talks of fresh highs. But not everyone is holding on. On-chain data from CoinGlass reveals something curious. Retail investors and long-term holders have started offloading BCH.
Exchanges recorded inflows of $2.52 million in just one day. These inflows hint at selling pressure, possibly signaling a short-term pause. Still, short-term traders don’t seem worried. The derivatives market paints a different story. Intraday positions heavily favor the bulls. Long positions now more than double the shorts. At current price zones, traders built $11.47 million in longs. Shorts only total $5.34 million.
Is $632 Within Reach?
The above imbalance shows strong confidence in BCH’s upward path. Leverage levels suggest most bets hover between $458 and $486. Right now, BCH hovers just below resistance, trading near $471 after gaining over 4.21% in 24 hours.Even more impressive? Volume jumped 15%. That kind of volume spike usually signals conviction, not flukes. Charts don’t lie. BCH sits inches from a key resistance level—$485.
Traders know this price like a cursed landmark. Every time BCH touches it, sellers come rushing like a wave crashing into rocks. But this time could be different. Momentum feels stronger. Bulls push harder. If BCH can slice through that ceiling, the skies above look clear. A successful breakout may send the coin flying toward $632—a whopping 30% jump from here. Still, history waits with teeth bared.
Should sentiment turn cold, sellers could drown out buyers again. BCH might then stumble, falling back into old patterns. What’s clear now is that traders have locked eyes on this moment. Markets don’t sleep, and BCH seems ready to run—or retreat. All eyes stay glued to $485. Whether BCH blasts through or gets bounced again will shape what happens next.
