#BCH Update #3 – July 31, 2025
From a technical standpoint, Bitcoin Cash is currently one of the best rounding coins compared to others, and it hasn't broken its upward channel. It continues to move steadily within the trend.
It recently took support from the midline of the channel and made a move, though this move wasn’t very large — it stayed around a 4-5% profit range. It has now completed its correction, but if it drops back to the bottom of the channel and then rises again, the profit potential would be even higher. At the moment, there’s only about 4% upward space left before it meets the top resistance of the channel.
Bitcoin Cash is currently one of the most technically clean and consistent altcoins. If it pulls back slightly, it might be a better entry, but there’s no issue with entering from this level either. Therefore, I’m opening a 4.5% position here, with a profit expectation of 4.5%.