Bitcoin $105,965.78 Cash (BCH) has reached the highest level of two months with its strong rise in the last 24 -hour process. BCH, who saw 492.08 dollars in the morning, said that the intense interest of market participants and rising institutional demands are effective in gaining value. The crypto currency pushed a significant psychological limit of almost $ 500, and for the first time since the beginning of this year.
Global Economic Developments and Effect to Crypto
The vitality in the BCH market was shaped in parallel with the increase in global trade tensions. The new technology -oriented customs tariff steps between the United States and China are raised pressure on the global supply chain. While the risk appetite of investors fluctuates in different asset classes, Bitcoin Cash 
$485.90 Values such as corporate investors are preferred by evaluations.
The US Federal Reserve (FED) continued to keep interest rates at 4.25% -4.50% and monetary tightening signals have led to different effects on the demand for crypto currencies. In particular, capital mobility towards medium -sized crypto assets increased interest in Bitcoin Cash.
Price Movements and Technical Indicators
Bitcoin Cash rose from $ 461.87 to $ 492.08 in the last 24 hours. Especially in the range of 13: 00-14: 00, the rise in the volume led to a five-fold increase in the volume and this was interpreted as corporate investors’ came into play.
Testing the $ 500 level several times showed that this region is an important resistance point for investors. Despite the short -term decrease in the early hours of the morning, prices recovered rapidly and re -extending over $ 485, underlining the stability signal in the market.
According to technical data, Bitcoin Cash gained 6.5 percent in the 24 -hour period. Experts consider the price exceeding the long -term resistance line up to $ 472 and remain above a 100 -hour moving average as a positive development. As a result of multiple resistance tests, there is a support of $ 490.46, and the recent consolidation area is between $ 485-492.
Market Expectations and Expert Reviews
It is predicted that if the strong rise momentum continues, BCH can convert $ 500 into a permanent support level, and this possibility may significantly affect the price structure in the third quarter.
Analysts said that Bitcoin Cash’s scalability advantage, fast trading times and technical support over $ 400 withdraws investors again.
The continuation of the upward movement of the relative power index (RSI) and the positive signal of the MACD indicator caused analysts to determine the next target points as $ 505 and $ 520.
Bitcoin Cash’s current performance reveals its sensitivity to both global economic fluctuations and general direction changes in the crypto market. The recent volume increase and the improvement in technical indicators suggest that investors can continue to test new price levels with cautious acceleration. In the short term, a closure of over 500 dollars can be decisive for future movements both psychologically and technically. For investors, support-reasons and volume-oriented movements should be closely monitored.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
