Bitcoin Cash

bullish

Bitcoin

<p>As Bitcoin price creates a new all-time high at $97,900, the close curse in Bitcoin Cash is making waves. With a massive surge of 18.29% in the past 24 hours, the BCH price has crossed the $500 barrier.&nbsp;</p>  
<p>Will this breakout rally result in a new 52-week high above the $719? Let's find out in Coinpedia's latest BCH price analysis.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-bitcoin-cash-price-performance-nbsp">Bitcoin Cash Price Performance&nbsp;</h2>  
<p>In the daily chart, the BCH price action shows a falling-edge breakout rally finally gaining momentum. After consolidation in October and early November, the BCH price has crossed above the 23.60% Fibonacci level at $387.&nbsp;</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/21140914/image-9-1024x509.webp" alt="BCH Price Chart" class="wp-image-382962">
</figure>  
<p><a href="https://www.tradingview.com/x/ub1wKuME/" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a></p>  
<p>With a V-shaped recovery, the uptrend starting from... $321 is now trading at $519. This rally accounts for a 61.30% rise. Furthermore, it has broken above the 50% Fibonacci level at $493.&nbsp;</p>  
<p>Creating a massive bullish engulfing candle, it has crossed above 2 Fibonacci resistance levels, increasing chances of an upside rally.&nbsp;</p>  
<p><strong>Technical indicators</strong>:</p>  
<p><strong>EMA: </strong>Supporting the bullish trend, the recovery rally resulting in a bullish influence has given a golden crossover between 50-day and 200-day EMA. Furthermore, the 100-day EMA and 200-day EMA have given a positive crossover.&nbsp;</p>  
<p><strong>MACD: </strong>The MACD indicator reveals a narrow escape from a bearish crossover with the bullish engulfing candle. Hence, the technical indicators maintain a positive alignment. Hence, the technical indicators maintain an optimistic viewpoint for BCH price.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-will-the-bch-price-cross-700-nbsp">Will The BCH Price Cross $700?&nbsp;</h2>  
<p>The Fibonacci retracement tool paints the immediate price target at $541. A breakout above this level will target the $608 and $694 with increased chances of a new 52-week high.&nbsp;</p>  
<p>Beyond the 52-week high, the 1.27 Fibonacci level at $803 is a potential price target for December 2024. On the flip side, the crucial support levels for BCH price are at $493 and $446.</p>  
<p>As the bull run picks up, will the Bitcoin Cash price reach $1,000 in this recovering market? Find out more about our<a href="https://coinpedia.org/price-prediction/bch-bitcoin-cash-price-prediction/" rel="noopener noreferrer nofollow"> BCH price prediction</a>, which provides a long-term view.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>  
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732178263199"><strong class="schema-faq-question"><strong>What is the current Bitcoin Cash price and recent performance?</strong></strong>
  <p class="schema-faq-answer">Bitcoin Cash (BCH) is trading at $519, up 18.29% in the past 24 hours, with a 61.30% rally from $321.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1732178267738"><strong class="schema-faq-question"><strong>What are BCH's key price targets?</strong></strong>
  <p class="schema-faq-answer">Immediate targets are $541, $608, and $694, with a potential new 52-week high above $719. Longer-term, $803 is a target for December 2024.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1732178268073"><strong class="schema-faq-question"><strong>What supports BCH's bullish momentum?</strong></strong>
  <p class="schema-faq-answer">A falling-edge breakout, Fibonacci retracement levels, EMA golden crossovers, and bullish MACD alignment support the uptrend.</p>
 </div>
</div>

BCH Price Surges Past $500: Eyes $541 and New 52W High

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