Bitcoin Cash surged 27.2% while Bitcoin dropped, showing a clear bullish divergence.
Technical indicators suggest strong momentum, with BCH breaking key resistance levels.
Traders expect a push past $600, targeting the $640 range high next.
Bitcoin Cash — BCH, is sprinting while Bitcoin takes a breather. In just six weeks, BCH jumped by 27.2%. Meanwhile, Bitcoin slipped by 0.78%. That sharp contrast has turned heads. Traders and analysts are watching closely. The growing gap suggests BCH could be dancing to its own rhythm. And right now, that rhythm sounds bullish. Bitcoin Cash might be preparing for something bigger. Could the $600 barrier be next on the list?
https://twitter.com/Joe_Swanson057/status/1940083131534704885 BCH Breaks Resistance and Gains Momentum
Looking at the weekly chart, a clear range has formed between $272 and $624. The midpoint around $448 has held strong as both resistance and support. In May, BCH bounced off this level as resistance. Then, in June, it flipped to support after a key breakout above $420. That move wasn’t just a random spike. It marked a bullish structure break, a signal traders watch for. This breakout aligned with a rising OBV, pointing to healthy buying pressure.
The RSI also crossed above 50 in April. That shift in momentum gave bulls more fuel. Together, these technical signals built a case for further upside. Bitcoin Cash’s recent price action has shown real strength. On July 1st, BCH reached a high of $530—the highest so far this year. That surge wasn’t just noise. It reflected a growing belief in BCH’s potential. Unlike many other altcoins, BCH isn’t simply mirroring Bitcoin’s path.
Is $600 Just the Beginning?
IntoTheBlock data showed BCH had a weak positive correlation with BTC—only +0.25. Even more surprising, it moved against other big names like Ethereum and Dogecoin. This independence gives BCH an edge. While most of the altcoin market struggles, BCH shows signs of leadership. It’s becoming a lifeboat in choppy waters. Now, all eyes are on the $600 mark.
The zone between $500 and $530 has proven tricky before. It has acted as resistance in the past and may again. But this time feels different. Bitcoin Cash is not dragging its feet. It’s charging forward, and traders know it. The 4-hour charts also tell a bullish story. Short-term momentum supports a move higher. Open Interest is rising too, which reflects confidence from speculators. They’re not just watching from the sidelines —they’re betting big on BCH.
If the momentum holds, BCH may soon smash through $600. The next target would be the range high at $640. Breaking that level would open the door for even more aggressive gains. For now, Bitcoin Cash is thriving. In a market full of hesitation, BCH looks fearless. The bulls are clearly in control. A push past $600 feels less like a question and more like a countdown.
