Bitcoin Cash (BCH) Eyes $634 Breakout as Technical Indicators Signal Bullish Momentum
Ted Hisokawa Sep 13, 2025 09:25
BCH price trades at $604 with strong bullish signals emerging. Technical analysis suggests potential rally to $634-$700 range as momentum builds.
Quick Take
• BCH currently trading at $604.00 (+2.18% in 24h) • Bitcoin Cash RSI at 57.29 with bullish MACD crossover signaling upward momentum • Analysts predict BCH price breakout targeting $634-$700 range in September
What's Driving Bitcoin Cash Price Today?
Bitcoin Cash has gained significant attention this week following bullish price predictions from market analysts. On September 7th, crypto analysts released forecasts suggesting BCH price could target the $634-$700 range, supported by favorable technical indicators and anticipated network developments. These projections were reinforced by earlier analysis from September 4th that identified similar price targets.
While these optimistic forecasts haven't immediately triggered explosive price action, they've contributed to steady accumulation and positive sentiment around Bitcoin Cash. The BCH price has responded with measured gains, rising 2.18% in the past 24 hours to reach $604, positioning itself for a potential breakout above key resistance levels.
The market appears to be digesting these bullish predictions while waiting for confirmation signals. Despite the relatively muted immediate response, the technical setup continues to align with analyst expectations, suggesting the predicted rally could materialize in the coming weeks.
BCH Technical Analysis: Bullish Signals Emerge
Bitcoin Cash technical analysis reveals compelling bullish momentum building across multiple timeframes. The most significant signal comes from BCH's MACD indicator, which shows a value of 8.8416 above its signal line at 6.9396, creating a positive histogram of 1.9020 that confirms strengthening upward momentum.
The BCH RSI reading of 57.29 places Bitcoin Cash in neutral territory, providing ample room for upward movement before reaching overbought conditions. This positioning is particularly favorable as it suggests the current rally has sustainability without immediate reversal pressure.
Bitcoin Cash's moving average structure paints an increasingly bullish picture. The BCH price at $604 trades well above all major moving averages, with the EMA 12 at $589.36 crossing above the EMA 26 at $580.52. Most notably, Bitcoin Cash maintains a commanding position above its 200-day SMA at $442.58, indicating a strong long-term bullish trend.
The Bollinger Bands analysis shows BCH positioned at 0.7921 within the bands, approaching the upper band at $624.48. This positioning suggests Bitcoin Cash is building momentum toward a potential breakout above the upper band, which would confirm the bullish trajectory toward analyst price targets.
Bitcoin Cash Price Levels: Key Support and Resistance
Bitcoin Cash support levels provide crucial insight for traders planning entries and risk management. The immediate BCH support sits at $524.00, offering the first line of defense for bulls. Below this level, stronger Bitcoin Cash support emerges at $514.50, which aligns closely with the lower Bollinger Band at $525.96.
On the upside, BCH resistance levels present clear targets for the anticipated breakout. Immediate Bitcoin Cash resistance appears at $629.80, just below the psychologically important $630 level. The more significant BCH resistance zone extends from $634.30 to the upper Bollinger Band at $624.48, creating a confluence that could trigger the predicted rally toward $700.
The daily Average True Range (ATR) of $24.72 indicates that Bitcoin Cash typically moves within this range on a daily basis, providing context for position sizing and stop-loss placement. Traders should expect volatility within this range as normal price action for BCH/USDT trading.
Should You Buy BCH Now? Risk-Reward Analysis
Based on Binance spot market data, Bitcoin Cash presents an attractive risk-reward setup for different trading approaches. For swing traders, the current BCH price at $604 offers a favorable entry point with clear upside targets at $634-$700 and defined support levels for risk management.
Conservative traders might consider waiting for a pullback to the $524 support level or a confirmed breakout above $629.80 before establishing positions. The BCH RSI's neutral reading provides flexibility for both approaches, as the indicator hasn't reached extreme levels that typically signal reversals.
Aggressive traders could capitalize on the current bullish momentum, using the $514.50 level as a stop-loss reference point. This approach offers a risk-reward ratio exceeding 2:1 when targeting the $634 resistance zone, with potential for even greater returns if Bitcoin Cash reaches the $700 target.
The key risk factor remains broader market sentiment and Bitcoin's direction, as BCH price often correlates with the overall cryptocurrency market. Traders should monitor these macro factors alongside the technical setup when making positioning decisions.
Conclusion
Bitcoin Cash demonstrates strong technical foundations supporting analyst predictions of a move toward $634-$700. With BCH price at $604 and bullish momentum indicators aligned, the next 24-48 hours could prove critical for confirming the breakout scenario. Traders should watch for a sustained move above $629.80 BCH resistance as confirmation of the bullish thesis, while maintaining awareness of the $524 support level as a key invalidation point for the rally scenario.
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