Bitcoin Cash Price Forecast: Will BCH Reach $650 by Christmas?

Bitcoin Cash is currently recognized as one of the top-performing altcoins in the cryptocurrency market, and if it continues this trend, forecasts suggest that the price of Bitcoin Cash could reach $650 before Christmas.

BCH Surges Despite Market Downturn

On October 10, while many altcoins experienced a decline of around 80%, Bitcoin Cash remained relatively stable and has since increased by over 20%.

At present, it is trading near $595.50 with a market capitalization of $11.9 billion, requiring just a 12% increase to breach the $650 resistance and overtake Cardano as the 10th largest cryptocurrency by market capitalization.

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Data from Coinglass indicates that leading traders on Binance are swiftly increasing their long positions in BCH.

Furthermore, Grayscale’s recent application to the U.S. Securities and Exchange Commission (SEC) for approval of exchange-traded funds (ETFs) that would track Bitcoin Cash’s performance enhances the likelihood of BCH exceeding $650 upon approval.

This filing aims to convert existing closed-end trusts for Bitcoin Cash into ETFs that will primarily be listed on NYSE Arca or Nasdaq.

Bitcoin Cash Price Forecast: Daily Chart Indicates Bullish Trend

The daily chart for Bitcoin Cash reveals a positive bullish pattern forming after successfully holding the $450 support during the selloff in October, which identified a significant demand zone on a higher timeframe.

Since reaching that low, the price has created a series of higher lows and recently produced a strong bullish wick, indicating robust dip-buying and a rejection of lower price levels. BCH is currently trading above its short-term moving average, which is starting to incline, further supporting the shift in momentum back to the upside.

The $615 level remains a crucial near-term resistance, having limited price movement several times in recent months, but the latest daily close around $592 suggests increasing pressure on this resistance.

Source: TradingView

The RSI has moved back above the mid-50s, indicating a strengthening bullish momentum without entering overbought conditions, allowing for potential continuation.

If BCH achieves a decisive daily close above $615, the structure supports further movement toward the $650–$652 range, which corresponds with the next significant resistance and previous distribution zone.

A failure at this resistance could likely lead to a minor pullback toward the rising trend support around the mid-$560s, but as long as the price remains above this level, the overall outlook remains bullish, favoring higher prices in the upcoming sessions.

Maxi Doge Secures $4.3M for Christmas Rally Preparation

Should Bitcoin Cash surpass the $650 resistance before Christmas, considerable attention would be directed toward undervalued presale initiatives such as Maxi Doge (MAXI).

Maxi Doge is a nascent memecoin inspired by the Dogecoin model, which enabled it to achieve over a 2x increase during the November-December 2024 holiday rally.

The project has now created an alpha channel to assist traders in exchanging insider insights, sharing early trading concepts, and uncovering hidden opportunities to benefit from a similar memecoin rally during the Christmas season.

The MAXI presale has already garnered over $4.3 million and offers 72% annual staking rewards for early participants at the current $0.000274 price before it rises.

To participate early, visit the official Maxi Doge website and connect a crypto wallet such as Best Wallet.

Purchases can be made using existing cryptocurrencies like USDT and ETH, or by utilizing a bank card for immediate transactions.

Visit the Official Maxi Doge Website Here

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