Bitcoin Cash stands out as one of the strongest-performing altcoins in the crypto market currently, and if it maintains this momentum, Bitcoin Cash price prediction indicates the token is targeting $650 before Christmas.
Even on October 10, when most altcoins crashed by approximately 80%, Bitcoin Cash barely moved and has rallied over 20% since then.
Currently trading around $595.50 with a market capitalization of $11.9 billion, BCH requires only a 12% surge to break the $650 resistance and surpass Cardano as the 10th largest cryptocurrency by market cap.
Data from Coinglass reveals that Binance’s top traders are rapidly expanding their BCH long positions.
And with Grayscale’s September filing with the U.S. Securities and Exchange Commission (SEC) to obtain approval for exchange-traded funds (ETFs) that would follow the performance of Bitcoin Cash, the possibility of BCH surpassing $650 when approved is very high.
With the filing, the digital assets platform intends to convert its current closed-end trusts for Bitcoin cash into ETFs that will mainly be listed on NYSE Arca or Nasdaq.
Bitcoin Cash’s daily chart displays a constructive bullish formation developing after successfully defending the $450 support during October’s selloff, which marked a clear higher-timeframe demand zone.
Since that low, price has established a series of higher lows and recently printed a strong bullish wick, signaling aggressive dip-buying and rejection of lower prices. BCH now trades above its short-term moving average, which is beginning to slope upward, reinforcing the momentum shift back to the upside.
The $615 area remains the key near-term resistance, having capped price multiple times in recent months, but the latest daily close near $592 suggests growing pressure on this level.
RSI has advanced back above the mid-50s, reflecting strengthening bullish momentum without entering overbought territory, leaving room for continuation.
If BCH secures a decisive daily close above $615, the structure supports continuation toward the $650-$652 region, which aligns with the next major resistance and prior distribution zone.
Failure at resistance would likely trigger a shallow pullback toward rising trend support around the mid-$560s, but provided price maintains above this area, the broader bias remains bullish with higher prices favored over the coming sessions.
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