$BCH
/USDT – Strong Rebound With Renewed Momentum
Bitcoin Cash (BCH) is showing a strong recovery on the 1-hour timeframe, with price currently trading around $585.8, up 4.27% in the last session. After a sharp dip toward the $557 support zone, buyers stepped in aggressively, driving a clean upside move that pushed BCH to the $596.9 local high.
The recent pullback from the top looks healthy, with candles stabilizing above key moving averages. The MA(7) and MA(25) remain in bullish alignment, signaling sustained buying momentum. Volume spikes during the upward move also confirm strong participation from bulls.
As long as $BCH holds above $581–$572 support, the structure favors another attempt toward the $596–$600 resistance region. A breakout above this zone could trigger a fresh continuation toward higher targets.
Key Highlights
*Strong bounce from $557 support
*Bullish structure on the 1-hour chart
*Volume supports upward movement
*Watching resistance at $596–$600
$BCH remains positioned for a potential continuation move if buyers maintain control and sustain price above near-term support.