Bitcoin Cash (BCH) Surges: Bullish Momentum Targets $740 Breakout

Bitcoin Cash isn't asking for permission—it's taking ground. The original Bitcoin spinoff has reignited its engines, carving a path through resistance with a momentum that's turning heads and shaking out weak hands. Forget sideways chatter; this is a chart screaming breakout.

The Technical Thrust

Watch the levels. The narrative isn't about hope; it's about structure. Each higher low forms a staircase, and the bulls are climbing. Volume confirms the move—this isn't a ghost rally. The target? A clean breach of the $740 barrier, a number that's shifted from distant resistance to a near-term magnet. It's a classic setup: consolidation, then propulsion.

Why This Move Matters

This isn't just another altcoin pump. BCH's surge signals a renewed appetite for crypto's foundational promise: peer-to-peer electronic cash. While some chains chase speculative DeFi loops, Bitcoin Cash's utility-focused narrative is finding its moment. The market's voting with its wallet—liquidity is flowing back into the original fork.

The Road Ahead

Hold onto your hats. The trajectory points north, but the path won't be a straight line. Expect volatility—sharp pullbacks are fuel, not failure, in moves this strong. The real test comes at that $740 target. A decisive close above it doesn't just hit a price point; it resets the entire psychological playing field. Of course, in crypto, today's breakout target is tomorrow's distant memory—or the level where the 'smart money' suddenly remembers they need to take profits. The ride's just getting started.

Price Recovery Strengthens Key Support Levels

BCH shows a sharp recovery after bouncing from the $560 demand zone and reclaiming the $590–$600 range. Buyers stepped back in with stronger candles, indicating renewed bullish sentiment after consolidation. The structure currently supports continuation as long as the price stays above recent higher lows and keeps momentum steady toward key resistance regions ahead.

Immediate supports remain layered below. First support sits at $580–$560, followed by deeper accumulation zones at $545–$525 and $505–$470, should bearish pressure reappear. These green zones highlight buy interest, and as long as BCH trades above $520, the broader bullish structure on the 4-hour timeframe stays intact and technically favorable.

Upside resistance now stands around $600–$620. As stated by the crypto analyst @CW8900, the major sell wall is found between the levels of $640-$740. Breaking above the level of $640 may provide opportunities for the price to reach the levels of $700, $740, or even the level of resistance found at $780-$820.

Momentum Indicators Signal Short-Term Upside

The RSI is currently at 55.7, making its MOVE up from the lower part of the chart and breaking out past the 50-level. This is an indicator that shows strengthened buying power following a period of consolidation. However, it is still below the overbought level, which means it still has room to move upward.

The MACD is having a bullish crossover around the zero-line area, with an upward-sloping MACD line and slowly changing histogram bars that are turning positive. It indicates a reduction in the bearish effect and the beginning of a positive bull effect. Stronger green bars are expected for an amplified positive effect.

With the MACD reversal and the RSI recovery, both indicators are signaling a continuation of the uptrend in the market for as long as the momentum is maintained. Note also that BCH has a possible resistance in its ascending trend.