Key takeaways
- BCH is one of the best performer among the many prime 20 cryptocurrencies by market cap.
- The coin may rally in the direction of $585 quickly as bulls goal the $1,509 degree in the long run.
Bitcoin Money outperforms different main cryptos
The cryptocurrency market is having a sluggish begin to the week. The full crypto market cap has declined by 1% within the final 24 hours as Bitcoin, Ether, and different main cryptocurrencies are presently within the purple.
Nevertheless, some cryptocurrencies proceed to rally increased. BCH, the native coin of the Bitcoin Money blockchain, is one of the best performer among the many prime 20 cryptocurrencies by market cap. It added over 4% to its worth within the final 24 hours and now trades at $522 per coin.
The coin is up 13% within the final seven days, permitting it to overhaul SUI and change into the Twelfth-largest cryptocurrency by market cap. The optimistic efficiency comes as Bitcoin and different main cryptos battle in the beginning of the week.
Bitcoin, the main cryptocurrency by market cap, continues to commerce beneath $108k after an uneventful weekend. Bitcoin Money may now be eyeing increased targets as bulls anticipate a breakout.
BCH targets the FVG at $585 as bulls stay in management
The BCH/USD 4-hour chart is extraordinarily bullish and environment friendly, indicating that the bulls have swept the draw back liquidity and will push BCH’s worth increased within the close to time period. BCH swept the ILQ/TLQ degree at $486 over the weekend and has now pushed to the $522 degree.
If the bulls stay in management, BCH may rally in the direction of the subsequent liquidity zone at $585. The 4-hour chart exhibits a Honest Worth Hole (FVG) above $580, and this might function the magnet for BCH within the quick time period.
The relative energy index (RSI) of 63 suggests a shopping for stress, whereas the MACD traces have crossed over into the optimistic zone. If the bullish development continues, BCH may rally to the $638 resistance degree for the primary time since December 2024.
In the long run, analysts count on BCH to check the $1,509 degree. Bitcoin Money has not traded round $1,500 since Might 2021. Regardless of its current rally, BCH stays 88% down from the all-time excessive worth of $4,355 it achieved in 2017.
$BCH (BItcoin Money) crosses again above $500, just lately bouncing over 100% and may nonetheless be set for a a lot higher upside!
With the breakout goal nonetheless at $1,509.89, a further +180% uphill run to succeed in it could happen… https://t.co/5yuHBtwvbq pic.twitter.com/UXQLjAmuQ5
— JAVON⚡️MARKS (@JavonTM1) June 30, 2025
This text consists of contributions from AI instruments, reviewed and refined by the CoinJournal editorial staff to make sure factual accuracy and editorial integrity.
