$BCH approaches the main resistance level at $630 after a strong upward trend

The price of $BCH has sharply rebounded from its recent low, continuing its recovery that reflects the notable previous increase of +146.68%. The price is now approaching a critical resistance level at $630, which has often limited upward movements, just below the important peak of $718.

A clear breakout above $630 could open the door for $BCH to challenge the highest level at $718 again. However, if the price fails to maintain this level, it may be followed by a retracement towards the support level between $500 and $480. While the momentum remains upward, this area is a crucial point for the continuation of the rise.