BCH Price: Bitcoin Cash Technical Momentum Eyes $650 Target

Bitcoin Cash (BCH) shows bullish signals, eyeing $650. Technical analysis and analyst consensus point to potential gains. Will BCH break resistance and rally?

BCH Price: Bitcoin Cash Technical Momentum Eyes $650 Target

Bitcoin Cash (BCH) is gaining traction! Bullish momentum is building, and analysts are eyeing a $650 target. Is this the beginning of a BCH rally?

BCH Price Prediction: Bullish Momentum Building

Recent analysis indicates strong technical momentum for Bitcoin Cash. The MACD histogram confirms this, and the RSI remains in neutral territory, suggesting room for further upward movement. BCH is trading near its 52-week high, positioning it for a potential new yearly high if the momentum continues.

• Short-term target (1 week): $650 (+7.4% from current $605)
• Medium-term forecast (1 month): $640-$700 range, potentially extending to $800
• Key level to break for bullish continuation: $634.30 resistance
• Critical support if bearish: $520 major support zone

Analyst Consensus: $640-$700 Range

Analysts show remarkable agreement, targeting the $640-$700 range. Some forecasts even suggest BCH could reach $700-$800 if volume supports a breakout above the critical $700 resistance.

Bullish and Bearish Scenarios

Bullish Case

The primary BCH price prediction targets $650 in the immediate term, a 7.4% gain. A decisive break above $650 could extend to $700. A volume-supported break above $700 opens the door to an $800 target.

Bearish Risk

Failure to break $634.30 resistance could trigger profit-taking back to $524, a 13.4% downside risk. A break below $520 could accelerate selling toward the $490.20 support.

Should You Buy BCH Now?

Consider staged accumulation around current levels of $605 with stop-loss protection below $580. For aggressive traders, wait for a confirmed break above $634.30 with volume before adding positions targeting the $650-$700 range.

BCH Price Prediction Conclusion

The technical setup strongly supports the bullish consensus, targeting $650 in the near term and $700 in the medium term. Positive MACD momentum, neutral RSI, and proximity to 52-week highs create an attractive risk-reward scenario.

So, is Bitcoin Cash ready to make a run for it? Keep an eye on that $634.30 resistance! If it breaks, buckle up; it could be a wild ride. If not, well, there's always another crypto around the corner, right?