Bitcoin Cash rises 9.16% over the past week as upward momentum builds

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Bitcoin Cash rises 9.16% over the past week as upward momentum builds

Bitget-RWA2025/11/11 08:26

By:Bitget-RWA

- Bitcoin Cash (BCH) fell 0.27% in 24 hours but rose 9.16% over seven days amid mixed short-term and long-term trends. - Price remains above 200-period EMA with rising Open Interest in futures, signaling growing bullish positioning among traders. - Key support at $500 and resistance at $527-$557 identified, with potential targets at $580 and $613 if breakout confirms. - MACD and RSI indicators show upward momentum, with RSI at 63 reflecting sustained buying pressure above critical support levels.

As of November 11, 2025,

Bitcoin Cash

(BCH) experienced a 0.27% decrease over the past day, settling at $516.4, but has advanced 9.16% over the previous week. In the last month, BCH has slipped by 3.53%, yet its annual performance reflects an 18.8% increase. These price movements highlight a blend of short-term fluctuations and longer-term positive sentiment.

BCH is currently trading above its 200-period EMA, which may indicate the start of a breakout. Data from the derivatives market shows that Open Interest (OI) in BCH futures is climbing, pointing to a stronger risk appetite among traders. The uptick in OI implies that more investors are betting on price increases, with a greater influx of funds into long positions compared to shorts.

The upward

momentum

is also supported by important technical signals. On the 4-hour chart, Bitcoin Cash has established a local support trendline, and its price remains above the key $500 mark. The next significant resistance is at $527, which matches the high from October 15. A firm close above this level could propel the price toward the resistance trendline that links the highs from October 5 and October 28 at $557. Should this barrier be surpassed, the next objectives would be the swing highs at $580 and $613.

Additional confirmation of the bullish outlook comes from the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI). Both the MACD and its signal line are moving higher above the zero mark, while the RSI is at 63, reflecting ongoing buying momentum. On the support side, key levels to watch are the 50-day EMA at $505 and the $500 psychological threshold.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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