BCH Approaches Critical $600 Level: Momentum Builds for a Potential Breakout

Bitcoin Cash (BCH) is attempting to reassert bullish momentum on the 1-day chart after a volatile but upward-leaning series of sessions. 

Traders are watching whether the recent rebound toward the upper resistance cluster between $590 and $600 can turn into a sustained breakout, especially as technical indicators begin aligning in favor of buyers.

Momentum Firms as BCH Recovers from Pullbacks

The closing-price sequence shows BCH repeatedly rejecting deeper downside attempts and recovering quickly — a sign of buyers defending structure. The 9-day and 20-day exponential moving averages are now rising together, reflecting improving short-term momentum and a broader trend that continues to tilt bullish.

Daily chart for BCH/USD (Source: GeckoTerminal)

The fact that candles remain above both EMAs reinforces that buyers still have control of the trend. The EMAs are not flashing overextension or exhaustion, which suggests the advance could continue if buyers sustain pressure near resistance.

Momentum indicators confirm the shift. The MACD has remained consistently positive with widening bullish momentum despite short-term fluctuations. This implies that BCH continues to build underlying strength rather than merely reacting to isolated bursts of buying.

The RSI sits in the mid-range but with bullish lean, signaling that the asset has room to move upward without being overheated. Combined, these signals point toward constructive upside conditions rather than a market approaching a top.

BCH Price Presses Into Heavy Resistance at $590–$600

BCH is now testing one of its most important resistance zones of the month. The first key barrier sits at $590.10, followed closely by $599.80 and $606.80. These levels form a layered ceiling where previous rallies have struggled.

The order book adds depth to this picture. A large ask wall at $600 — totaling over 1,615 BCH — represents the biggest near-term obstacle. Clearing this wall could unlock a quick upward follow-through of around 1.90%, pushing the BCH price closer to the next resistance.

Farther up, an even more consequential ask wall appears at $650, and clearing it could open room for a roughly 10% jump. A final ask wall at $678 offers a major breakout threshold where clearing it could set BCH up for a 15%+ rally.

Those stacked resistances create a stair-step path for bulls: each cleared layer strengthens the probability of a run toward higher territory.

Support Levels Backed by Strong Bid Walls

On the downside, BCH’s support landscape is reinforced by notable liquidity concentrations. The nearest structural support sits at $580.50, which aligns closely with current price action and recently defended lows. Below that, support deepens at $548.50 and $536.50, forming a multi-tiered safety net.

Order-book liquidity reveals how critical these supports are.

A massive bid wall at $561 holding nearly 9,000 BCH suggests strong buying interest in that zone. If the price were to lose this level, it could slip by roughly 4.7% as liquidity thins.

Lower down, important but more fragile bid walls show up at $518 and $510, and breaking either could open the door to double-digit percentage declines. These walls highlight where long traders may look to defend positions — and where short sellers may target breaks in structure.

Bullish or Bearish? Indicators Tilt Toward Upside, but Resistance Is Critical

BCH’s broader posture is bullish, supported by rising EMAs, firming MACD momentum, and a strengthening RSI profile. However, the bullish thesis hinges on whether the price can finally clear the resistance band at $590–$600, which remains the immediate battleground.

Failure to break through that cluster could invite consolidation or even a corrective pullback toward $580 or $548 — areas where buyers must prove their commitment.

Long and Short Trade Setups

Long-Bias Scenario:
A breakout above $600 with strong volume and cleared order-book liquidity would be a logical long trigger. 

Such a move opens the path toward $606, then $650, where the next major liquidity wall awaits. Traders targeting a momentum extension will likely monitor MACD strength and EMA alignment to confirm trend continuation.

A more conservative long entry could come on a pullback into $580–$561, provided the major bid wall holds and momentum recovers.

Short-Bias Scenario:
Short traders will be watching closely for failure to reclaim $590–$600. Rejection in this area could send the price back toward the first support at $580, creating a tactical short window.

A breakdown below the $561 bid wall — especially if order-book support weakens — would be a stronger short confirmation, potentially opening the way toward deeper supports at $548 and $536.

Overall Outlook

BCH is attempting a decisive push into resistance following a constructive period of rebuilding momentum. 

Indicators tilt bullish, order-book liquidity favors continuation, and trend structure remains intact. Yet the market’s next major cue depends entirely on whether the $600 barrier breaks or holds.

Disclaimer: The information presented in this article is for informational and educational purposes only. It does not constitute financial advice. Ecoinimist is not responsible for any losses incurred. Readers should exercise caution before acting on this content.