🚀 BCH/USDT: Bitcoin Cash Bulls Target $577 Breakout! 📈
$BCH is showing resilient recovery momentum today. After a brief correction toward the $559 level, buyers have stepped back in, pushing the price toward the upper end of its current intraday range.
📊 Technical Snapshot:
* Current Price: $568.2
* 24h High: $577.0
* 24h Low: $559.0
* Trend: Bullish Recovery / Upward Consolidation
The 1-hour chart indicates that BCH is successfully holding above the Supertrend support ($559.7), signaling that the bulls still maintain control of the short-term narrative. A decisive hourly close above $570 would confirm a breakout attempt toward the daily high and potentially open the door for a test of the $600 psychological resistance.
💡 Strategic Outlook:
* Immediate Resistance: $571 – $577; breaking this zone is crucial for sustaining the bullish move.
* Key Support: The $559.0 area (Supertrend and 24h low) is the primary defense line for the current structure.
* Market Catalyst: Investor optimism is rising as the significant Layla upgrade scheduled for May 2026 approaches, which promises to enhance token utility and privacy features.
Trading Tip: The trend remains positive while price is above $560. Aggressive traders may look for entries on a break of $571, while conservative players should wait for the $577 resistance to flip into support. Always manage your risk with a proper Stop Loss!
#BCH #BitcoinCash #BinanceSquare #CryptoAnalysis #BullishTrend $BCH
