Swift shot

• BCH is currently trading for USD 577.50 (-4.47% in 24 hours) • Bitcoin Cash RSI at 66.42 showing robust withdrawal from the level of purchase • The last rape

What drives the price of Bitcoin cash today?

Today’s BCH price campaign reflects the natural withdrawal after an impressive rally last week, in which Bitcoin Cash increased a critical level of resistance of USD 580. On July 27, analysts celebrated when BCH gained over 5%to exceed $ 580, and technical patterns suggest potential breakthrough in the range of USD 620–680.

This rush based on good performance from the previous day, when Bitcoin Cash showed solid commercial activity with over 15 702 bch in terms of volume on the BCH/USDT pairs. The rally gained a pair on July 25, when BCh increased by 8% to USD 555.2, successfully complementing the critical decreasing line that acted as resistance.

However, today’s decrease by 4.47% to USD 577.50 is a profit of profits near the highest level of USD 607.20, because traders are approaching profits from the last rally. Withdrawal seems to be robust, considering that Bitcoin Cash has increased from around USD 534 to over USD 580 in just three trade sessions.

Technical Analysis BCh: Mixed signals appear

The Bitcoin Cash technical analysis reveals a sophisticated image because the shoot indicators show both stubborn continuation patterns and compact -term resistance challenges. Daily RSI Bitcoin Cash is currently 66.42, placed in the neutral zone after cooling from potentially bought levels above 70.

The MacD histogram shows a stubborn 5.4368 reading, which indicates that Bitcoin Cash maintains a positive shoot despite today’s withdrawal. This is supported by the MACD line at 20,8954 trading much above the signal line at 15,4586, which suggests that the basic trend remains intact.

The Bitcoin Cash position in relation to Bollinger teams tells an essential story, and the %B indicator at 0.9975 shows that BCH is very similar to the resistance of the upper band for USD 577.76. This proximity of the upper team often signals a breakthrough or withdrawal, and today’s price action suggests that this is the last.

The average movable structure remains definitely stubborn in the case of Bitcoin Cash, and the current price of 577.50 USD significantly above all key average. The price of BCH is above SMA 7 (USD 547.89), SMA 20 (USD 525.68), SMA 50 (USD 494.26), and especially above the critical SMA 200 (USD 397.14).

Bitcoin cash price levels: key support and resistance

Based on the Binance point data, the immediate level of BCh is 608.20 USD, which coincides with today’s highest highest level of 607.20 USD. This level turned out to be significant because it constitutes a 52-week area of USD 622.30, which makes it a natural zone to bring profits for long-term owners.

Bitcoin cash support levels are a more encouraging image for bulls. Immediate support in the amount of USD 481.90 remains well below current levels, while stronger support after USD 397.70 is in line with the 200-day movable average. More realistic, compact -term support for the price of BCh would probably come from SMA 20 each 525.68 USD, which is about 8% decrease compared to current levels.

The daily ATR in the amount of USD 29.67 suggests that Bitcoin Cash maintains robust variability, providing the possibilities of both salesmen and swings. This measure of variability indicates that daily movements of USD 30 or more should be considered normal for BCH.

Should you buy BCH now? Risk prize analysis

For aggressive traders, the current withdrawal of BCH prices is a potential possibility of re -entry, if Bitcoin Cash can maintain above USD 570. Risk award configuration favors bulls focused on the range of USD 620–680 expected by analysts, offering a potential enhance in 7-18% compared to stopping below USD 560.

Conservative investors can wait for a deeper withdrawal in the 540-550 USD, in which SMA 7 and EMA 12 can provide stronger support. This approach offers better risk reward indicators, while participating in the bitcoin cash stressed in the last technical analysis.

Swings should monitor BCh RSI for a potential return back in the direction of 70, which can signal the renovated purchasing pressure. The current level of RSI 66.42 provides space for additional growth points before reaching overcrowded conditions.

The bear scenario would include a break below USD 560, which could cause stops and lead to an $ 540 test. However, the general stubborn average medium structure suggests that every weakness should be seen rather as an opportunity to buy, not reversing trends.

Application

Today’s Bitcoin cash prices reflect robust earnings after a sturdy three -day rally, not bears. Because BCH maintains its position above all main average average, and MacD shows a continuation of the stubborn rush, the last analysts’ forecasts for USD 620–680 remain profitable. Traders should be careful that BCH has above USD 570 in the next 24-48 hours as a signal that withdrawal is completed and the rally can resume towards the identified resistance goals.

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