Bitcoin Cash Price Outlook: BCH Surges 22% In A Month As Traders Pile Into The First Bitcoin Layer 2 For Parabolic Potential

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Bitcoin Cash price
Bitcoin Cash price

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The Bitcoin Cash price has jumped 22% in a month and 0.5% in the last 24 hours to trade at $465 as of 7:46 a.m. EST on a 13.8% drop in trading volume to $400 million. 

Bitcoin Cash Price Climbs To $469, Sets Sights On Yearly High At $719

The BCH/USD trading pair shows price clocking in at $469, which represents a solid climb from its lower levels. The 50-day and 200-day Simple Moving Averages (SMA) hover around $363 and $373, respectively, and BCH is trending a good distance above them.

The 50-day SMA just crossed below the 200-day SMA, signaling a “Death Cross”, a bearish signal. However, this happens withing a gigantic 491-days long consolidation zone, which is a good thing as the price choppiness might fade out the implications of the Death Cross.

If BCH price adds to its 22% gains last month, it may soar and the previous yearly high at $719, a 41% increase from the current price.

Technical indicators suggest that despite the “Death Cross”, BCH price is poised to go higher in the coming weeks.

Bitcoin price

BCHUSD Analysis Source: Tradingview

The Relative Strength Index (RSI) is sitting at 67.67, nearing the overbought territory but not but not there yet. This suggests the rally still has some gas, though traders should watch for a pullback if it hits 70+. 

The Moving Average Convergence Divergence (MACD) indicates a bullish crossover around March 2025 and has been soaring ever since, signaling building momentum. 

BCH Price Breakout Signals Bullish Path To $800

Zooming into the chart, there is a neckline breakout around $363-$373, hinting that the BCH price broke out of a double bottom pattern. If the breakout momentum holds, the target could push toward $580 or even $800.

The lower support zone, ranging from $255 to $305, has held strong, acting as a safety net for dips for a long time now.

Looking ahead, the 22% monthly gain shows BCH is riding the current bullish crypto wave, possibly fueled by broader market hypeIf it holds the current trend with conviction, the next stop could be $500-600 in the short term. 

However, if the RSI spills into the overbought territory and profit-taking kicks in, it could trigger a dip back to $300 if the bears increase pressure. In the long term, breaking $800 would be a game-changer, putting BCH back in the spotlight.

Bitcoin Hyper Presale Surges Toward $1.5M – Next Crypto To Explode?

As the Bitcoin Cash price climbs, traders are eyeing a new token called Bitcoin Hyper (HYPER), which blends Bitcoin’s rock-solid security with Solana’s blazing-fast technology.

In just under two weeks, its presale has already pulled in over $1.38 million. 

Bitcoin Hyper is a Layer-2 solution, which is a fancy way of saying it’s a network built on top of Bitcoin to make it faster and cheaper to use. Bitcoin’s great for holding value but it’s clunky for everyday transactions.

Slow speeds and high fees have kept it from being the go-to for things like buying coffee or trading NFTs. That’s where Bitcoin Hyper steps in, using the Solana Virtual Machine (SVM) to process transactions at lightning speed, potentially handling over 65,000 transactions per second. That’s faster than Visa and Mastercard combined.

The magic happens through a secure bridge that lets users move their Bitcoin onto Bitcoin Hyper’s Layer-2 network. Once there, you can trade, stake, or use decentralized apps (dApps) with near-instant settlements and tiny fees. 

To get your Bitcoin back, just burn the wrapped tokens, and the system safely returns your BTC. It’s like giving Bitcoin a turbo boost without losing its trusted foundation.

Analyst Crypto Boy, with over 61K YouTube subscribers, calls HYPER a potential 100x gem.

Right now, HYPER tokens are priced at $0.011925 and can be bought with ETH, USDT, BNB, or a credit card. They can then be staked for a lucrative 551% annual return. 

Interested investors should buy before a price hike in less than 2 hours.

Visit the Bitcoin Hyper Token website.

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