BCH Breaks $580, Analysts Eye Potential Upside Toward $620–$680 Range

Bitcoin Cash Breaks Above $580 as Analysts Target $620–$680 Range

Bitcoin Cash (BCH) surged more than 5% on Sunday, climbing past the $580 threshold amid growing optimism from technical analysts who see potential for further gains toward the $620–$680 zone.

As of 08:54 GMT, BCH was trading at approximately $583.64, marking a 5.25% increase for the day, according to CoinDesk data. The cryptocurrency has advanced 10.5% in the past week, 15.7% over the last two weeks, and 17.3% in the last month.

Several traders have highlighted bullish signals in BCH’s price action. Analyst “CW” pointed out that BCH recently pierced through a significant “sell wall”—a cluster of concentrated sell orders—which often indicates strong buying pressure and paves the way for accelerated upward momentum. CW identified $620 as the next major resistance level if the rally continues.

On the longer timeframe, “Ultimae GL” observed that BCH cleared a key resistance level that had acted as a ceiling for some time. Breaking this level may signal the start of a new uptrend. Ultimae GL recommended waiting for a decisive daily close above this resistance before making entry decisions but projected a potential rally to $680.

Another analyst, “XForceGlobal,” described BCH’s price action as very bullish, noting the token has maintained support above its base trendline—connecting a series of higher lows—for about a month. This steady buying interest suggests the rally is gaining strength. XForceGlobal called the sustained momentum “fantastic” news for BCH holders.

Bitcoin Cash, a Bitcoin fork launched in 2017 to offer faster and cheaper transactions, has attracted renewed attention as trading volumes rise alongside a positive technical setup, drawing interest from both retail traders and technical analysts.

Key Technical Insights

BCH increased by 5.62% between July 26 at 09:00 UTC and July 27 at 08:00 UTC, moving from $554.54 to $584.66 within a $33.61 trading range.
Volume surged notably at 01:00 and 06:00 UTC on July 27, reaching 80,230 and 120,748 units traded, respectively.
Support levels emerged between $556–$558 and $568–$570 following a period of consolidation; short-term resistance now sits near $585.
In the final trading hour, BCH climbed an additional 0.46% to an intraday peak of $584.95, with new support forming at $583–$584, signaling sustained bullish momentum.