Bitcoin Cash ($BCH) is back in the spotlight after climbing above the key $500 level, a price it hadn’t touched in months. As of June 30, BCH is trading around $513, up nearly 13% over the past week. This upward trend could be the start of a meaningful shift in the coin’s long-term direction.
Crypto traders and analysts are starting to take notice. With volume picking up, chart patterns turning bullish, and overall market confidence improving, there’s a growing belief that BCH could be gearing up for a much bigger move ahead.
Some respected analysts, like Javon Marks, expect a breakout to $1,509.89, which could mean a potential increase of 180% to 225% from current levels.
BCH’s Recovery from $479 Levels
Bitcoin Cash has been on a notable upward journey over the past two weeks. Earlier this month, BCH crossed $479.97, triggering a surge in momentum.
On June 20, the coin broke a key resistance at $472, sparking a 6.5% rally that pushed prices to $492.08 within a single day.
That move wasn’t random. As recently reported by BanklessTimes, nearly 152,000 BCH changed hands within one hour, 5x its average volume, a classic sign that institutional or whale buyers were stepping in.
Since then, BCH has been climbing steadily, making higher highs and holding its ground above key support levels. It’s now comfortably trading above both its 100-hour moving average and the 23.6% Fibonacci level at $471.57, a clear sign that the bullish momentum is holding firm.
Bitcoin Cash Price Prediction: Analyst Forecasts $1,500 Target
According to chart analyst Javon Marks, BCH is breaking free from a prolonged downtrend and has resumed its broader bullish structure.
In his most recent tweet, he highlights how BCH has already doubled from its recent lows and is now eyeing a technical breakout toward $1,509.89, a level that aligns with historical chart resistance and pattern projections.
If this breakout holds, the move to $1,509 would mark a 180%–225% rise from current prices.
Notably, this projection isn’t without merit. Previous support around $470–$480 has shifted to new support, while volume continues to rise, increasing by 62.32% in the past 24 hours to over $512 million.
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