The post BCH Consolidates Above Key Moving Averages as Bulls Eye $615 Resistance appeared on BitcoinEthereumNews.com.

Peter Zhang
Oct 10, 2025 05:30

Bitcoin Cash trades at $589.40, up 1.64% in 24 hours, showing consolidation above critical technical support levels with bullish momentum building toward key resistance.

Market Overview Bitcoin Cash (BCH) is trading at $589.40, reflecting a modest 1.64% gain over the past 24 hours as the cryptocurrency maintains its position above key technical support levels. The BCH price action suggests consolidation following recent upward momentum, with trading volume of approximately $20 million indicating steady institutional interest. Bulls are positioning for a potential breakout above the $615.30 resistance level, which could trigger further upside momentum. Technical Picture The technical landscape for BCH presents a constructive setup with multiple bullish indicators aligning. The cryptocurrency is trading above all major moving averages, sitting 2.6% above the 20-day SMA at $574.38 and maintaining a significant 24% premium to the 200-day SMA at $475.50. This positioning indicates sustained bullish momentum across multiple timeframes. The MACD indicator shows bullish crossover conditions with a positive histogram reading of 1.1302, suggesting momentum is building to the upside. Meanwhile, the RSI sits at a neutral 52.9, providing room for further upward movement without entering overbought territory. This combination of indicators suggests BCH has technical room to advance toward higher resistance levels. Volume patterns support the current consolidation phase, with the 24-hour trading range of $568.30 to $601.20 establishing clear boundaries for near-term price action. The fact that BCH is holding closer to the upper end of this range at $589.40 demonstrates underlying buying pressure. Critical Levels to Watch Immediate Resistance: $615.30 – This level represents the primary technical hurdle for BCH bulls. A decisive break above this zone with strong volume could trigger algorithmic buying and push the cryptocurrency toward the next major resistance at $651.00.…

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Filed under: News - @ October 11, 2025 6:22 pm