Background Information: Despite ongoing geopolitical tensions between Israel and Iran, Bitcoin Cash (BCH) has shown strong resilience, with a recent price increase of over 20%.

Key Events:
- Several analysts have made bold predictions about BCH's future trend on social platform X (formerly Twitter), with target prices of $625, $1245, and $1830, provided the price remains above the critical support range of $380-400.
- On-chain data indicates that retail and long-term holders chose to sell during the recent rise, with $2.52 million of BCH flowing into exchanges within 24 hours, suggesting potential selling pressure.
- The derivatives market shows a bullish sentiment, with current long positions valued at $11.47 million and short positions at $5.34 million, indicating a strong bullish sentiment among short-term traders.
- BCH is currently trading at around $471, up 4.21% in the last 24 hours, with trading volume increasing by 15%. Technical analysis shows that BCH is nearing a key resistance level at $485, which has historically triggered price pullbacks.

Potential Impact: If BCH can break through the $485 resistance level, the price is expected to rise by 30%, reaching $632; conversely, if selling pressure reemerges, the price may retreat.

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