Bitcoin Cash News: BCH Powers Its Way to $491.80 After Surging Past $487 Resistance

Bitcoin Cash (BCH) surged to $491.80 after breaking through the $487 resistance level during European trading hours. The price showed a 3.3% increase from $476.10, reaching a session high of $495.30 before briefly pulling back. The trading volume significantly spiked, peaking at 33,795 units, 78% above the 24-hour average of 13,478 units. Continued buying interest led to higher lows, with support levels identified at $490, $487, and $479.03. Technical analysis suggests that BCH is likely to test resistance at $495.30, with upside potential if it crosses the $500 barrier. This upward momentum is characterized by strong participation in the market, confirming a bullish structure, as risk/reward ratios favor continued growth. Monitoring the stability above critical support levels is essential for sustaining the bullish trend.

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