Bitcoin Cash (BCH) is showing price movement that is not synchronized with leading cryptocurrencies, while BCH's strong upward trend could push the price above 600 USD.
MAIN CONTENT
Bitcoin Cash increased by 27.2% in 6 weeks, while Bitcoin slightly decreased by 0.78% in the same period.
BCH has a weak correlation with Bitcoin (+0.25) and a negative correlation with many popular altcoins like Ethereum and Dogecoin.
Technical charts show BCH heading towards the resistance level around 600 USD with stable upward momentum.
How does Bitcoin Cash's price movement differ from major cryptocurrencies?
According to data from IntoTheBlock, Bitcoin Cash has only a correlation coefficient of about 0.25 with Bitcoin in the last 30 days, indicating a fairly weak price linkage between these two major currencies. Meanwhile, BCH has a negative correlation with Ethereum and Dogecoin – a sign that BCH moves more independently in the cryptocurrency market. This opens trading opportunities for investors seeking portfolio diversification and reducing risks in a weakening altcoin market.
Bitcoin Cash not only excels in performance but also serves as a 'safe haven' when the altcoin market struggles.
Quote from IntoTheBlock report, July 2025
Can Bitcoin Cash reach a price of 600 USD in the near future?
Weekly chart analysis shows BCH fluctuating in the price range from 272 to 624 USD with a midpoint of 448 USD, this range has repeatedly become important support and resistance over the past year. Recently, after breaking the resistance level of 420 USD, BCH's market structure has shown signs of sustainable bullishness, coupled with increasing OBV – evidence of steady buying pressure and RSI crossing the neutral threshold of 50, clearly indicating a shift towards bullish momentum.
The support reversal at 448 USD and the upward structure on the chart have reinforced confidence in BCH's upcoming rise.
Technical analysis from TradingView experts, July 2025
What is the current situation of BCH and what is the forecast for the next trend?
Bitcoin Cash just established a local peak around 530 USD on July 1, 2025, and many signals such as small timeframe charts (4 hours) along with increasing Open Interest indicate strong investor confidence in BCH. Therefore, the next target is the peak area of 640 USD within the identified price range. Based on the current momentum, BCH's price could continue to rise in the coming weeks, leveraging technical structure and positive cash flow.
Criteria Bitcoin Cash (BCH) Bitcoin (BTC) Ethereum (ETH) 6-week growth rate (%) 27.2 -0.78 – (altcoin market weakens) Price correlation with BTC (30 days) +0.25 1 (reference) – (negative with BCH) Important resistance level 600 – 640 USD … (depends on individual analysis) … (depends on individual analysis)
Frequently Asked Questions about Bitcoin Cash (BCH)
Is BCH strongly related to Bitcoin?
BCH has a weak price correlation with Bitcoin (only 0.25 in 30 days), indicating independent movement.Can Bitcoin Cash surpass 600 USD?
Technical analysis and cash flow trends both support that BCH will exceed this price level in the coming weeks.Is BCH safer than other altcoins?
BCH has a negative correlation with many altcoins and is considered a safer choice in a weakening altcoin market.What indicators suggest that BCH will rise in price?
RSI above 50, increasing OBV along with market structure breakouts are indicators of sustainable bullish momentum.Who is the main data source for BCH analysis?
The main data is provided by IntoTheBlock and TradingView, reputable platforms in the cryptocurrency field.
Source: https://tintucbitcoin.com/bitcoin-cash-vuot-moc-600-usd-manh/
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