Key takeaways
- BCH is the top performer among the 20 largest cryptocurrencies by market capitalization.
- The coin could move toward $585 in the near term, while bulls target $1,509 on a longer horizon.
Bitcoin Cash outperforms other major cryptocurrencies
The cryptocurrency market has started the week sluggishly. Total crypto market capitalization is down about 1% over the past 24 hours, with Bitcoin, Ether and other large-cap coins trading lower.
Despite the broader weakness, some coins continue to rally. BCH, the native token of the Bitcoin Cash blockchain, is the best performer among the top 20 cryptocurrencies by market cap. It gained more than 4% over the past 24 hours and is trading around $522 per coin.
Over the last seven days BCH has risen roughly 13%, positioning it to overtake SUI and become the 12th largest cryptocurrency by market capitalization. This positive move stands out as Bitcoin and other leading tokens struggle earlier in the week.
Bitcoin, the largest cryptocurrency by market cap, continues to trade under $108k after an uneventful weekend. With Bitcoin subdued, Bitcoin Cash now has room to pursue higher targets as bulls look for a breakout.
BCH aims for FVG near $585 as bulls stay in control
The BCH/USD 4-hour chart appears strongly bullish and efficient, suggesting bulls swept liquidity lower and could push BCH higher in the short term. BCH swept the ILQ/TLQ level near $486 over the weekend and has since climbed toward the $522 area.
If bulls maintain control, BCH could target the next liquidity zone around $585. The 4-hour chart shows a fair value gap (FVG) above $580, which may act as a magnet for price in the near term.
Momentum indicators support the bullish case: the relative strength index (RSI) sits near 63, indicating buying pressure, while MACD lines have crossed into positive territory. Should the bullish trend continue, BCH could challenge the resistance at $638 — a level not tested since December 2024.
On a longer time frame analysts expect BCH to test $1,509. Bitcoin Cash has not traded near $1,500 since May 2021. Even with the recent rally, BCH remains about 88% below its all-time high of $4,355 reached in 2017.
$BCH (Bitcoin Cash) has crossed back over $500, recently rebounded over 100%, and could still be set for a much larger upside!
With a breakout target still at $1,509.89, an additional ~180% upside to reach that level could occur…
— JAVON⚡️MARKS (@JavonTM1) 30 June 2025