While Bitcoin continues to dominate headlines with its rally to a new all-time high of $123,000, Bitcoin Cash (BCH) is showing signs of a significant move of its own.
While Bitcoin continues to dominate headlines with its rally to a new all-time high of $123,000, Bitcoin Cash (BCH) is showing signs of a significant move of its own.
After rising over 4.3% in the past week and breaking above the psychologically critical $500 level, BCH is now trading at $517.7, and it may be entering a key breakout phase.
Bitcoin Cash Technical Breakdown: A Major Resistance Flip in Sight
On the weekly chart, BCH has just broken out of a long-term descending triangle pattern that has persisted since mid-2021.
The resistance trendline that has capped every rally for the past three years is now being challenged convincingly for the first time.
A successful breakout above this trendline could set the stage for a retest of the next major resistance near $1,600, last seen during the 2021 bull cycle.
The immediate support for BCH is the $400–$450 zone, previously a demand area. A key resistance is at $1,600, marking the upper range of BCH’s historical bull market spikes.
BCH 1W Chart. Source: TradingView
As per the daily chart above, the RSI is at 65.93, below the overbought territory, but signals growing bullish momentum. The gradient of the line suggests that there’s still room for a push toward overbought levels.
Also, the MACD line (blue) is crossing above the signal line (orange) with a widening gap and rising histogram bars. This is a textbook bullish crossover on the weekly timeframe and could result in a massive rally.
Finally, the BoP is positive at 0.41, indicating buyers are currently in control. While not at euphoric levels, this reading supports the narrative of quiet accumulation.
BCH Eyes Massive Rally, $HYPER Gains Traction
As Bitcoin Cash (BCH) draws attention with a potential rally, another Bitcoin-based project is gaining serious traction – Bitcoin Hyper ($HYPER) has already raised $2.73 million, with just 8 hours left before the next price jump.
Built as a high-speed Layer 2, Bitcoin Hyper brings smart contracts and lightning-fast transactions to the Bitcoin ecosystem by using Solana’s powerful Virtual Machine (SVM) – something BCH has never been able to offer.
With real utility and growing buzz, $HYPER is quickly becoming one of the hottest presales to watch.
Bitcoin Hyper brings the speed and developer experience of Solana directly into the Bitcoin ecosystem, pushing the boundaries of what’s possible on Bitcoin’s infrastructure without compromising its base layer security.
The Canonical Bridge, a decentralized, non-custodial gateway between Bitcoin and Bitcoin Hyper, forms the backbone of this vision. Users can deposit native BTC into the bridge, which then mints an equivalent token on Bitcoin Hyper’s Layer 2 chain.
$HYPER token staking is also live for presale participants. With a current rate of 316% per annum, Bitcoin Hyper offers lucrative rewards for token buyers.
To buy $HYPER at the current price, simply hover to the official Bitcoin Hyper website and connect a supported wallet, like Best Wallet.
You can swap crypto or use a card to complete the transaction.
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