$BCH quick Analysis

Bitcoin Cash is up nearly 11% this week, making it a key altcoin to monitor as markets prepare for potential rate-cut reactions. As a Bitcoin namesake, BCH often mirrors BTC’s momentum, meaning a BTC rally could extend directly into BCH’s price action.

The Parabolic SAR confirms an active uptrend, signaling sustained bullish momentum. If this strength continues, BCH could push toward $624. This is only possible, provided it successfully flips $593 into a stable support level. Securing this range is essential for extending recovery.

If investors shift to profit-taking, BCH may face a sharp reversal. Losing the $593 support could send the altcoin down to $555 or lower. This would invalidate the bullish outlook and expose BCH to deeper corrective pressure.

BCHUSDT

Perp

589.15

+2.50%