The post Bitcoin Cash (BCH) Jumps 5% Signalling Potential Breakout appeared on BitcoinEthereumNews.com.

Bitcoin Cash is trading in a tight range between $380.04 support and $450 resistance, showing neutral price action. RSI at 58.17 demonstrating neutral-to-bullish sentiment. The analysis of Bitcoin Cash (BCH) indicates that the coin is consolidating following a healthy rebound off the $249 support area. Bitcoin Cash has been trading in a tight range between strong support at $380.04 and resistance at about $450.00, which suggests that it is neutral at this point. The technical analysis shows that the price has managed to recover significantly after the March lows at $249, where BCH saw a lot of demand and began a prolonged period of sideways movement. The result of this rally was the recent high at around the $451 area, where the asset is facing resistance at the moment.  Nevertheless, the situation is generally bullish because the price of BCH is above the important 50-day and 200-period EMAs. The 50-period EMA at 399.74 is offering immediate support, and the 200-day EMA at 382.59 is offering secondary support. Furthermore, investors also observe a golden cross on the technical chart, and this is a sign of a bullish rally in future sessions. As per CMC data, Bitcoin Cash is trading at the price of $435 with an intraday gain of 5%, suggesting bullishness. The trading volume is also increasing, which suggests buyers presence. What’s Next For Bitcoin Cash? The Relative Strength Index (RSI) is at 58.17, which shows a neutral to slightly bullish momentum since it is above the midline but far below the overbought territory. This indicates the possibility of an additional rise, but the pace is not very intense. The RSI is trading between the 40-70 range for several months, and this is a sign of a sideways trading environment as opposed to a strong trending market. The MACD indicator…

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Filed under: News - @ June 14, 2025 11:25 am