Bitcoin Cash rise to the sky 20%: Has the upward trend really begun?

Despite the escalating geopolitical tensions between Israel and Iran, Bitcoin Cash (BCH) continues to show impressive resilience, drawing strong attention from the cryptocurrency community thanks to its recent impressive performance.

After a long period of fluctuating in a gloomy state, BCH suddenly broke out by more than 20%, opening up a wave of bold forecasts from investors and analysts.

Experts make bold predictions for Bitcoin Cash (BCH)

In the context of the market sentiment gradually improving, a series of optimistic predictions about Bitcoin Cash (BCH) have emerged on the platform X (formerly known as Twitter). On June 16, 2025, a widely followed analyst stated:

"Prices may be heading towards new heights, with the ideal target range being between $903–$915."

Source: XNot stopping there, another expert has made an even bolder prediction, setting three potential price increase milestones for BCH at $625, $1,245, and $1,830 — as long as the price holds steady above the key support range of $380–$400.

The expert emphasized:

“Bitcoin Cash is breaking out of a long-term accumulation zone, forming a rounded bottom and showing strong bullish momentum on the weekly chart.”

Although these are just a few of the many predictions circulating, they somewhat reflect the growing interest and strong confidence of investors in BCH — despite the geopolitical uncertainties enveloping the global market.

On-chain indicators show mixed sentiment

Although the recent price increase of Bitcoin Cash (BCH) has drawn attention in the market, according to data from the on-chain analytics company CoinGlass, many retail investors and long-term holders are taking this opportunity to take profits. They have begun to sell off their previously accumulated BCH, indicating a cautious sentiment ahead of upcoming volatility.

Source: CoinGlassThe clear evidence is that in the past 24 hours, exchanges have recorded an inflow of BCH worth 2.52 million USD in the spot market. In the context of the current market structure, such a large inflow into the exchange could be a signal of increased selling pressure from holders. This could create adjustment pressure and temporarily hinder the recovery momentum of BCH in the short term.

The derivatives market leans towards the bulls

In the context of a positively evolving market, short-term traders are boldly betting on the upward trend of Bitcoin Cash (BCH), as the number of long positions (Long) currently exceeds short positions (Short) by more than double. According to market data, many traders are using high leverage around the support level of $458.7 and resistance level of $486.9 — indicating a clear confidence in BCH's breakout potential.

Source: CoinGlassAt these key price levels, the total value of Long orders reached 11.47 million USD, while Short orders only stopped at 5.34 million USD. The dominance of the bulls not only reflects the market sentiment leaning towards an upward trend but also contributes to consolidating the momentum for BCH to continue expanding its recovery.

Current Market Sentiment

As of the time of writing, Bitcoin Cash (BCH) is trading around $471, recording a strong increase of 4.21% in just 24 hours. At the same time, the trading volume has surged by 15%, indicating a strong return of capital flow and an increasing level of interest from investors.

Source: TradingViewAccording to technical analysis from Bitcoin Magazine, BCH is sending clear bullish signals. The recent breakout has pushed the price close to the important resistance level at $485 – an area that has seen strong reversals multiple times in the past.

Observing the daily chart, whenever BCH hits this price zone, selling pressure immediately increases, weighing down the upward momentum and pulling the price down. However, if the current positive trend continues to be maintained and BCH can successfully break through this key resistance level, the coin is likely to open up a strong rally of up to 30%, with a price target aimed at the $632 zone in the near future.

On the contrary, if the market reverses and profit-taking pressure returns, the old scenario could completely reoccur, pushing BCH into a short-term correction in the next sessions.

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