BCH Hits $500! Next Stop $525? Bullish Rally Explained
Bitcoin Cash (BCH) is on fire, surging 4.38% to $500 as bullish momentum takes charge. With a $9.93B market cap and trading volume up 22% to $635M, buyers are in control. But what’s fueling this rally? Let’s dive in!
On-Chain Clues: Bullish or Bearish?
1- Active addresses ↗️– Rising since June 19, signaling growing interest.
2- Transactions ↘️ – Sharp drop on June 21 hints at accumulation (big players holding, not trading).
Is this the calm before another surge?
BCH Price Action: Bulls Charge Ahead:
a- Broke past $504 with a 4.56% daily gain.
b- Strong support at $478 – Bulls defend fiercely.
c- Next target? $525– A breakout could trigger more gains!
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