The post BCH outperforms BTC: Can Bitcoin Cash continue its bull run beyond $600? appeared on BitcoinEthereumNews.com.

Bitcoin Cash’s price movement was not in sync with the top crypto assets. The bullish momentum behind BCH is likely to see the price climb past the $600 mark. Over the past six weeks, Bitcoin Cash [BCH] has rallied 27.2%. In contrast, Bitcoin [BTC] lost 0.78% in the same period. Naturally, that divergence raised eyebrows. It hinted at a disconnection between two top-tier assets—one that traders might capitalize on. Source: IntoTheBlock IntoTheBlock data showed that BCH had a +0.25 correlation with BTC over the past 30 days. This was indicative of only a weak positive correlation between the price moves of the two. Even more interesting? Bitcoin Cash had a negative correlation with many other popular altcoins, such as Ethereum [ETH] and Dogecoin [DOGE]. This was further proof that, while the altcoin market was ailing, Bitcoin Cash could serve as a safer bet. Bitcoin Cash set to rally beyond $600 next Source: BCH/USDT on TradingView The weekly chart showed a range formation (white) between $272 and $624. A compelling argument in favor of the range was how the mid-range level at $448 has been respected as both a support and a resistance over the past year. More recently, it acted as resistance in May before flipping to support in June. In fact, this flip came after the weekly structure saw a bullish structure break after a move beyond the previous lower high (orange) at $420. This market structure break was accompanied by a rising OBV, indicative of steady buying volume. The RSI also climbed past neutral 50 in late April, signaling a shift in momentum towards the bulls. The $500-$530 region could serve as a resistance. It has done so in the past, and the $500 level was also a psychological resistance. What’s next with BCH? BCH recently hit a…

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Filed under: News - @ July 2, 2025 9:22 am