Is $ 1.245 The next stop for Bitcoin Cash?
Bitcoin Cash ($ BCH) broke an important resistance and all signs indicate a continuation of the upward trend. As of June 17, 2025, the BCH Coin is traded at $ 476.14 and has increased by 4.12 % in the last 24 hours, which is a decisive technical breakthrough, which is supported by whale purchases and increasing interest of retailers.
The latest price increase reflects the perfect interaction of strong technical setups, massive purchases from Whales and a massive wave of the enthusiasm of the community.
Bitcoin Cash Course breaks out of the 7.5th anniversary of accumulation zone
One of the most important technical confirmations provides the weekly chart of Bitmontie, which shows that the BCH price breaks out of a round floor after months of consolidation.
This structure usually signals a long -term upward movement, and Bitmontia calls possible upward targets of $ 625, $ 1,245 and even $ 1,830, as long as BCH stays between $ 380 and $ 400. This increase is possible because the Bitcoin Cash course since its all-time high of $ 4,355.62 in 2017 collapsed by over 89 %.
The cryptoanalyst SVMX sees that similar And sees the end of the 7.5-year battery range from BCH in an outbreak of $ 520. If this brand is broken, this would confirm a large macroeconomic trend reversal and open the door for an explosive upswing.
The data also support these patterns. According to Unichartz, BCH officially broke out from his descending triangle on June 15th at $ 462, which triggered algorithmic purchases and brought the price to a Fibonacci extension zone at $ 502.41. The MacD histogram at 5.90 confirms the increasing upward dynamics.
Whales accumulate BCH to the most important Exchanges
In addition to the chart patterns, the on-chart data show a great inflow of capital. Chinese whales have reportedly invested over $ 316 million in Binance, OKX and HTX in BCH between June 14th and 15th.
The recent net buying of $BCH is huge.
Net buying is progressing on all exchanges, and the net buying is noticeable on exchanges where Chinese whales such as Binance, OKX, and HTX are active.
The net buying of $BCH suggests a high possibility of an uptrend. pic.twitter.com/QinfgJyF76
— CW (@CW8900) June 15, 2025
The increase in the commercial volume within 24 hours by 9.54 % (to over $ 568 million) confirms this capital accumulation and shows that this rally is not only due to speculation. Volume -strong movements such as this confirm outbreaks and reduce the risk of a bull trap.
Short -term price targets and levels to be observed
The daily analysis of Alpha Crypto Signal shows that Bitcoin Cash (BCH) is in a clean ascending channel, the short-term resistance of which is $ 460- $ 470.
#BCH LTF Analysis:$BCH is respecting a clean ascending channel on the daily timeframe. $BCH just faced rejection from the mid-level near 460, but still holding firmly above the 9 EMA at 437. As long as $BCH stays within this rising channel, the structure remains bullish. Ideal… pic.twitter.com/ErYgo9qMTv
— Alpha Crypto Signal (@alphacryptosign) June 16, 2025
The BCH course has already bounced off the lower trend line at $ 410 and is now $ 437 above the 9 EMA. If he closes over $ 470, the next destination is $ 500 $ 500, a historically significant level of resistance.
The simple sliding 50-day average is $ 405.47 and thus significantly below the current course, which gives the bull a lot of scope.
However, the zone between $ 475 and $ 502 is still a battlefield. Dealers should expect profit from this area and temporary volatility before it may continue.
Learn more here: Why BTC and crypto tokens like Kaspa, Altlayer and OnyXcoin rise
