Bitcoin Cash Rises 1.9% to $518, Tests Key $520 Resistance
CoinDesk Research's technical model shows BCH climbed from $508.32 to $518.01 during Wednesday's session, a 1.9% gain that established clear bullish momentum while many altcoins struggled at key resistance zones. The advance occurred within a $32.78 trading range and reflected roughly 6.4% intraday volatility, indicating traders were reacting to broader market swings rather than idiosyncratic BCH news.
The immediate significance is tactical: BCH is testing the $520.17 resistance level that capped gains during the session. A decisive break above that mark could invite further upside as momentum traders pile in, while a rejection would likely push price back toward recent support and lower volatility. Traders should note the elevated volatility and watch execution and risk management closely rather than assume a sustained breakout.