CandleFocus Bitcoin Cash price prediction as BCH hits resistance near $500
2024-11-18
Author: Content Editor
The price of Bitcoin Cash (BCH) has seen a strong rally in recent weeks, rising from $321 to $488 across exchanges. This is the highest level for BCH since June, and with Bitcoin (BTC) also showing strength, it is likely that BCH will target a breakout above this threshold. Gains of over 35% in the past week suggest that further price increases are possible in the coming weeks. BCH is a fork of Bitcoin and has struggled to reclaim key highs since its split from BTC in 2018. However, if buyers manage to push past the $500 hurdle, the next target could be $750, resulting in a new year-to-date high for BCH holders. A recent network upgrade for BCH in May 2025 aims to improve contract efficiency and enable advanced use cases on the blockchain. However, there is resistance near the $500 level that BCH needs to overcome.
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