Technical Analysis: Signals for Long
Technical indicators paint an encouraging picture for long positions:
Moving Averages (MA): The 50-day MA at $555.21 is declining, but the price is holding above the 200-day ($500.06), signaling a possible bullish crossover. If BCH breaks resistance at $565–$580 (upper Bollinger Band), the next target is $600–$620.
Short-term forecasts: According to CoinCodex, the price may increase by 21.04% to $641.21 by December 12, while Changelly expects $546.36 in November with potential +6.11% to $468.11 (but with a bullish trend). Bitget predicts $548.66 in December.
Long-term trend: InvestingHaven sees a maximum of $920 in 2025, with a bullish pattern. Coinpedia forecasts $689 in November-December, and WalletInvestor expects $689.06 in the short term. Some analysts, like CoinGape, anticipate $710 by the end of the year.
In X, analysts note bullish trends for BCH, focusing on whale movements and ETF inflows, confirming the potential for longs.
Recommendations for Long Position
Entry: $535–$540 USDT (current level).
Stop-loss: $520–$522 (support at 200-day MA).
Take-profit: Short-term $580–$620 (8–15% profit); medium-term $641–$710 (by the end of 2025).
Risk management: Use 1–2% of capital per trade, monitor Bitcoin (correlation >0.9).
