Bitcoin Cash (BCH) is currently trading at $631.20, showing resilience despite greater market volatility. With CashVM’s expected May 2026 update sparking positive sentiment, numerous analyst forecasts point to significant upside potential in the coming weeks.

BCH price prediction summary

• Low-Term Goal (1 Week): $655-666 • Medium-Term Forecast (1 Month): Range $720-750 • Breakout Level: $669.60 • Critical Support: $607.07

What cryptocurrency analysts say about Bitcoin Cash

Recent analyst reports on BCH’s prospects have been particularly positive. On January 8, MEXC News published an positive Bitcoin Cash forecast, predicting “a 70% probability of BCH reaching $720-$750 in the next 30 days, provided it breaks the resistance above $669.60.”

Earlier this week, the same platform identified “the $615-$630 zone, representing the convergence of the upper Bollinger Band ($615.15) and the 52-week high resistance area ($624.90)” as its main BCH price forecast target.

CoinEdition analysts noted that “BCH is pushing towards multi-year resistance at $630-$666 as the market prices for a May 2026 CashVM upgrade,” highlighting the underlying catalyst driving current momentum.

BCH technical analysis breakdown

The current technical picture for Bitcoin Cash is of a mixed but increasingly bullish setup. BCH is trading $631.20 above its 20-day SMA of $611.01 and well above its long-term moving averages, including its 50-day SMA of $580.64 and 200-day SMA of $552.03.

An RSI reading of 57.79 indicates neutral momentum with room for upward movement before reaching overbought conditions. However, the MACD histogram at 0.0000 suggests short-term bearish momentum, pointing to potential consolidation ahead of another bullish leg.

Bitcoin Cash’s position in the Bollinger Bands at 0.71 (where 1.0 is the upper limit) shows that the asset is trading at the top of its recent trading range, with the upper limit at $659.33 serving as immediate resistance.

The key resistance levels are $643.13 (immediate) and $655.07 (mighty resistance), while support is located at $619.13 (immediate) and $607.07 (mighty support). The daily ATR of $27.91 indicates a moderate level of volatility.

Bitcoin Cash Price Targets: A Bull vs. Bear Case

Bullish scenario

Bitcoin Cash’s bullish forecast is based on a break through the analyst-identified resistance level at $669.60. A successful breakout could result in a projected move towards $720-750, representing a 14-19% upside from current levels.

Technical confirmation will be a breakout of the RSI above 65, an raise in the MACD to the positive side and an raise in volume at the time of the breakout. The upcoming CashVM update provides basic support for this scenario.

A bearish scenario

If BCH fails to maintain current levels, the main downside target will be the mighty support level at $607.07, representing a decline of 4%. A break below this level could cause Bitcoin Cash to test the 50-day moving average at $580.64.

Risk factors include broader cryptocurrency market weakness, delayed update rollout or failure to break the multi-year resistance zone around $630-666.

Is it worth buying BCH? Entry strategy

For traders considering exposure to BCH, the current price of around $631 represents a reasonable entry point near the target zone identified by analysts. Conservative buyers may wait for a return to the $615-$620 support area.

A stop-loss below $607 will limit your risk of loss to around 4%, while upside targets of $720-$750 offer a favorable risk-reward ratio. Dollar-cost averaging on any weakness towards $620 could optimize entry positioning.

Position sizing should take into account cryptocurrency volatility, with many traders limiting individual coin exposure to 2-5% of their total portfolio.

Application

BCH price forecasts appear to be increasingly positive, with many analysts’ targets converging around $720-750 for February. Technical indicators support this view, although short-term consolidation around current levels is likely before the next significant move.

The 70% probability of achieving these targets assigned by analysts reflects mighty fundamentals resulting from expectations for the CashVM upgrade. However, cryptocurrency price predictions remain inherently uncertain, and investors should always implement appropriate risk management strategies.

Disclaimer: Cryptocurrency investments carry significant risk. This analysis is for informational purposes only and should not be considered financial advice. Always do your own research and consider your risk tolerance before investing.

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