bitcoincash

Bitcoin Cash is pressing into one of its most significant resistance clusters of the year, with price action now testing the $590–$600 zone just as bullish momentum accelerates. Recent sessions show BCH repeatedly rejecting deeper downside attempts, reclaiming trend structure, and strengthening across multiple indicators — a combination that has traders watching closely for a decisive breakout.
The broader trend remains tilted bullish, supported by both the 9-day and 20-day EMAs rising in sync while price continues to trade above them. This alignment reflects improving short-term momentum and reinforces that buyers remain in control. The MACD remains firmly positive with widening momentum, signaling that BCH’s push upward is rooted in sustained buying pressure rather than short-lived spikes. Meanwhile, the RSI holds a bullish mid-range stance, showing that the asset has room to extend further before hitting overheated conditions.

BCH is now pressing into layered resistance at $590.10, $599.80, and $606.80 — levels that have stalled past rallies. Order-book data adds further context: a major ask wall of over 1,600 BCH sits at $600, representing the most immediate obstacle for bulls. Clearing it could trigger a quick continuation move of roughly 2%. Higher up, a far more consequential wall at $650 could unlock a 10% push if broken, while $678 serves as a major breakout threshold that could fuel a rally exceeding 15%.
Downside levels remain well-supported. Structural support sits at $580.50, backed by a massive bid wall at $561 holding nearly 9,000 BCH — a level that could serve as a strong defensive zone for long traders. Below that, supports at $548.50 and $536.50 form deeper liquidity shelves but also mark pivot points where larger corrections could accelerate if breached.
Trade setups depend heavily on how BCH behaves at this crucial resistance. A breakout above $600 with strong volume and cleared order-book liquidity would signal continuation toward $606, then $650. A conservative long entry could also form on a pullback into $580–$561, provided liquidity remains intact. Conversely, rejection at $590–$600 presents a clean short opportunity back toward $580, with a breakdown below the $561 bid wall serving as a more decisive short trigger toward deeper supports.
With strong momentum, rising EMAs, and order-book liquidity leaning bullish, Bitcoin Cash’s next major move hinges entirely on whether the $600 barrier breaks — or stands firm.
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