BCH Surges Beyond $580 as Market Experts Anticipate Breakout to $620–$680

Bitcoin Cash Breaks $580 as Analysts Forecast Move Toward $620–$680

Bitcoin Cash (BCH) surged past the $580 mark on Sunday, gaining more than 5% amid strong technical signals that point to a possible advance toward the $620–$680 range.

As of 08:54 GMT, BCH was trading near $583.64, reflecting a 5.25% increase for the day, per CoinDesk data. The token has gained 10.5% over the past week, 15.7% in the last two weeks, and 17.3% over the past month.

Technical analysts have taken note of BCH’s recent price action. Trader “CW” highlighted that BCH broke through a significant “sell wall,” a cluster of heavy sell orders which, once absorbed by buyers, often leads to accelerated price gains. CW identified $620 as the next key target if the momentum continues.

On a longer timeframe, analyst “Ultimae GL” observed that BCH had cleared a long-standing resistance level, a development that may indicate the start of a new uptrend. Ultimae GL recommended waiting for a decisive daily close above this resistance but projected that BCH could reach $680 in the near term.

Another analyst, “XForceGlobal,” pointed out that BCH has maintained support above its base trendline for nearly a month—a line that connects a series of higher lows, indicating steady buying interest and growing strength. XForceGlobal called the rally “fantastic,” reflecting solid and sustained demand.

Bitcoin Cash, a 2017 fork of Bitcoin created to enable faster and cheaper transactions, has attracted renewed attention from both retail investors and technical traders as volume surges alongside positive chart patterns.

Key Technical Details

• BCH rose 5.62% between July 26 at 09:00 UTC and July 27 at 08:00 UTC, moving from $554.54 to $584.66 within a $33.61 intraday range.
• Notable volume spikes occurred at 01:00 and 06:00 UTC on July 27, with trading volumes hitting 80,230 and 120,748 units respectively.
• Support levels have formed at $556–$558 and $568–$570 after a period of consolidation; resistance sits near $585.
• In the final trading hour, BCH climbed an additional 0.46% to an intraday peak of $584.95, with new support developing at $583–$584, indicating continued bullish momentum.