Will Bitcoin Cash (#BCH ) Rise Further?

The cryptocurrency market has rebounded strongly in the second quarter, with Ethereum (ETH) price soaring 36.5% from a low of $1,385, currently trading at around $2,450. This upward momentum is spreading to some altcoins, and Bitcoin Cash (BCH) is undoubtedly one of the beneficiaries.

BCH has surged 72% in the past 90 days, showcasing strong momentum once again. But beyond the price trends, a more macro technical picture is forming—a clear fractal pattern indicates that the uptrend is not over yet.

BCH Recreates Breakout Structure by the End of 2024

The daily chart of BCH presents a striking descending wedge pattern. As early as the end of 2024, BCH rebounded from the lower support level of the wedge (marked with a green dot) and skyrocketed over 131%, reaching the upper resistance trend line. Following the rebound, the bearish crossover between the 100-day and 200-day moving averages triggered a correction phase.

Fast forward to April 7, 2025: BCH has touched the same wedge support level again and rebounded strongly once more. Since then, it has risen over 108%, and the current trend is very similar to the previous breakout trend—indicating that the fractal pattern is at play.

According to this pattern, Bitcoin still has 8% upside potential, with the next potential resistance level near the upper boundary of the descending wedge, around $560. This level acted as an upper limit during the previous rebound and may become the next area to watch closely.

What’s Next for BCH?

If BCH continues to follow its fractal pattern, it is likely to test the trend line above $560 near the wedge again. After surpassing that point, traders need to closely monitor whether the price stalls or breaks through. The 100-day and 200-day moving averages are converging around this area, indicating a potential crossover event, which could signal the next major trend—either a continuation or another blockage.

Regardless, BCH is currently in a high momentum phase and remains one of the most noteworthy altcoins to watch in July.