Bitcoin Cash Rockets 8% as Crypto Market Eyes Rebound
Bitcoin Cash (BCH) is bullish and outperforming the flagship cryptocurrency asset, Bitcoin (BTC), in the last 24 hours. According to CoinMarketCap data, Bitcoin Cash has climbed by a significant 8% in price to outshine BTC. BCH outperforms Bitcoin across key metrics Notably, Bitcoin Cash witnessed a technical breakout and has managed to stay above the $520 resistance level. The asset is supported by several bullish indicators, including a Relative Strength Index (RSI) of 52.62, which is trending upwards. Traders are interpreting this as a signal of a sustained rebound from its previous slip-up. The positive outlook for BCH comes amid an anticipated broader market reversal. The general market is down slightly by 0.73%, but there are indications that a recovery is underway. Bitcoin Cash investors remain optimistic that if the broader market recovers, it could catalyze to push the asset back toward the $555 resistance level.