Bitcoin Cash (BCH) Breaks Through $580, Analysts Bullish on $680

According to ChainCatcher, citing CoinDesk, the price of Bitcoin Cash (BCH) has surpassed $580, marking a 24-hour increase of 5.25%, a weekly gain of 10.5%, and a monthly rise of 17.3%. Analysts note that BCH has broken through a long-term resistance level, and if the current trend continues, it could further climb to the $620–$680 range.

Technical analysis indicates that BCH has established support zones at $556–$558 and $568–$570, with short-term resistance near $585. Trading volume saw a significant surge on July 27, reaching a daily peak of 120,748 units, reflecting strong buying activity in the market.