The price is in the range of $622, with an intraday range between $595 – $626.
Data from several platforms also indicates the price is in a varied range, between $565 – $593.
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Trading Signal: Buy or Short?
General Technical Signal (Buy)
TradingView gives a “Buy” signal for today, as well as a continuing signal in the weekly and monthly timeframe.
Investing.com shows a strong technical outlook:
All moving average and technical indicators give a strong buy signal in almost all timeframes (1 minute to monthly).
There are no sell signals — buy: 12, sell: 0, neutral: 0.
Bitget also shows a positive signal (Buy) on the daily timeframe:
Summary technical rating: Buy (14 Buy, 2 Sell, 9 Neutral)
Oscillators and moving averages mostly point towards Buy.
Potential Risk/Bull Trap
According to CoinSpeaker, although BCH briefly rallied to around $580, large transaction activity from “whales” dropped drastically — from ~$900 million to below $200 million.
This could signal a bull trap (weak rally institutionally), thereby potentially limiting the uptrend momentum.
However, previously (late July), there was significant accumulation by whales (+66,040 BCH in one day), which triggered a breakout above $570 and a potential target of up to $615 if the momentum continues.
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Strategy Recommendations
Type of Signal Recommendation
Buy (Beli) Many technical signals indicate strong bullish potential, especially in the price range of $620–$630. The initial target could be at $650–$650+, if the momentum continues. However, be cautious of bull traps due to the drop in whale activity.
Short (Jual) If there is a failure to break through $630 or a rejection in this zone occurs, short can be considered with a target drop to around $580 or previous support.
Key Support & Resistance:
Main support: around $580 (if breakdown occurs, it could drop to $550–$560)
Resistance: around $630–$650 (if it fails to break several times it could become a short zone)
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Conclusion
Currently, BCH shows bullish potential according to most technical indicators — dominant buy signals.
