Why Bitcoin Cash (BCH) Price is Up Today, $750 Next?
The post Why Bitcoin Cash (BCH) Price is Up Today, $750 Next? appeared on BitcoinEthereumNews.com. Bitcoin Cash (BCH) price is pushing back after months of doubt. At press time, the BCH price was trading around $638, up 3.56% in the past 24 hours. Over the last year, BCH has nearly doubled despite heavy bearish sentiment from traders. Now, both chart patterns and on-chain signals are pointing to more upside. If momentum holds, BCH could climb to around $750, almost +17.6% from where it stands. The rally is not only about the Bitcoin narrative. This time, BCH has its own reasons: a clean chart breakout, a sudden flip in sentiment, and whales stepping in. Let’s break down the data. Bitcoin Cash Breaks Out of Inverse Head-and-Shoulders Pattern The BCH price chart has formed a classic inverse head-and-shoulders setup. This pattern is one of the most reliable signs of a bullish reversal. The neckline sits at about $634, and BCH has already closed above it. At press time, the BCH price was $638, holding above this level. BCH Price Pattern | Source: TradingView Traders measure the move by taking the distance from the head ($523.65) to the neckline ($634) and adding it to the breakout. That projects a target near $750.15, which is a +112.5 point move or around +17.6% from the current price. The breakout is important because it shows that sellers have failed to push BCH lower. Instead, buyers stepped in at higher levels. As long as the BCH price stays above the neckline at $634, the chart points to a rally toward $750. If it falls back under $600, the bullish case weakens, but for now, the setup remains intact. Sentiment Turns Positive for BCH Price As Smart Money Gets Aggressive Sentiment data shows a big change. For months, the crowd had been negative on BCH, with bearish chatter dominating social feeds. According to…
The post Why Bitcoin Cash (BCH) Price is Up Today, $750 Next? appeared on BitcoinEthereumNews.com.
Bitcoin Cash (BCH) price is pushing back after months of doubt. At press time, the BCH price was trading around $638, up 3.56% in the past 24 hours. Over the last year, BCH has nearly doubled despite heavy bearish sentiment from traders. Now, both chart patterns and on-chain signals are pointing to more upside. If momentum holds, BCH could climb to around $750, almost +17.6% from where it stands. The rally is not only about the Bitcoin narrative. This time, BCH has its own reasons: a clean chart breakout, a sudden flip in sentiment, and whales stepping in. Let’s break down the data. Bitcoin Cash Breaks Out of Inverse Head-and-Shoulders Pattern The BCH price chart has formed a classic inverse head-and-shoulders setup. This pattern is one of the most reliable signs of a bullish reversal. The neckline sits at about $634, and BCH has already closed above it. At press time, the BCH price was $638, holding above this level. BCH Price Pattern | Source: TradingView Traders measure the move by taking the distance from the head ($523.65) to the neckline ($634) and adding it to the breakout. That projects a target near $750.15, which is a +112.5 point move or around +17.6% from the current price. The breakout is important because it shows that sellers have failed to push BCH lower. Instead, buyers stepped in at higher levels. As long as the BCH price stays above the neckline at $634, the chart points to a rally toward $750. If it falls back under $600, the bullish case weakens, but for now, the setup remains intact. Sentiment Turns Positive for BCH Price As Smart Money Gets Aggressive Sentiment data shows a big change. For months, the crowd had been negative on BCH, with bearish chatter dominating social feeds. According to…
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