Bitcoin Cash price ($BCH) is showing fresh signs of strength as bulls push the price higher toward a critical resistance level at $550. At the time of writing, BCH is trading at $441, up more than 10% over the week and showing a daily gain of around 4.56%, according to data.
Analysts suggest that a true bull run could begin once the $550 sell wall is taken out, setting the stage for a potentially explosive rally.
Bitcoin Cash Price Faces the $550 Barrier
According to one respected analyst, CW, Bitcoin Cash (BCH) is fast approaching a massive sell wall that stretches up to $550. This zone has historically acted as a strong resistance, and breaking through it would signal a major shift in market structure.
“The uptrend will likely continue until that point,” CW said. “But that’s when the real challenge begins. The moment the sell wall is broken, the real bull market begins.”
His chart highlights a critical red zone, densely packed with historical sell pressure. But the recent surge in volume and sustained buying pressure suggests that bulls may finally have the momentum needed to flip it into support.
Even more compelling is CW’s second tweet, where he zooms out to the weekly timeframe. Here, BCH appears to be ending a 7.5-year convergence, a long-term pattern stretching back to 2018.
This massive falling wedge structure, visible on the multi-cycle chart, shows years of lower highs gradually tightening. The analyst describes it as a spring loaded with energy, mentioning that the energy of Bitcoin Cash has been accumulated over two cycles.
If this convergence breakout plays out, BCH could see exponential upside, potentially retesting major historical levels last seen during its 2021 rally.
Technical Indicators Show Strong Buy Momentum
Backing the bullish narrative is a highly optimistic technical setup. TradingView’s 1-day technical analysis for BCH shows a “Strong Buy” signal. Of the 26 key indicators, 16 are flashing Buy, nine are Neutral, and only 1 shows a Sell.
Most moving averages, including the 10, 20, 50, and 100-day EMAs, are also bullish. Momentum indicators like MACD, Stochastic RSI, and the Awesome Oscillator are pointing up, suggesting buyers are firmly in control.
The RSI remains neutral at 63.5, giving BCH room to climb further before it becomes overbought.
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