Bitcoin Cash Volume Don Soar 30%, Eye $600 Breakout
Bitcoin Cash (BCH) don see 30% increase for daily trading volume as e price dey test di important $600 resistance level again. Inside di last 24 hours, BCH touch high pass $604 before e settle around $590, wey mean say e don gain 18% for di last month. Traders dey position dey ready for possible breakout pass di $600–$604 zone, wey be barrier wey don cause strong sell pressure before. Key supply walls dey at $680 and $764; if $600 fit hold as support, e fit open road for run toward $1,000 mark wey dem last reach for 2021. Market feeling wide wide dey for “Greed” for Fear & Greed Index, while Bitcoin tight connection with stocks and upcoming US CPI data dey add more wahala for volatility. Technical indicators still dey bullish, but dem advise say make people dey careful because profit-taking and big economy events fit happen.
Bullish
Di 30% spike for BCH volume for one key resistance zone $600–$604 mean say buyers dey very interested and e fit mean breakout fit happen. For history, big volume jump for important resistance dey usually come before big price moves; if $600 turn to support, e go clear road go $1,000 level. Technical indicators wey good and 18% monthly increase still show say momentum dey bullish. But macro factors like how Bitcoin relate strong with equities and near US CPI data fit make market short-term volatile and cause small small profit-taking. Before, same kind volume-driven test for big altcoin resistance zones don bring steady uptrend once supply walls don clear. So, this news dey show say BCH get bullish outlook for short and medium term if e hold above $600.