Bitcoin Cash stands out as one of the strongest-performing altcoins in the crypto market currently, and if it maintains this momentum, Bitcoin Cash price prediction indicates the token is targeting $650 before Christmas.
BCH Outperforms Despite Bear Market Scare
Even on October 10, when most altcoins crashed by approximately 80%, Bitcoin Cash barely moved and has rallied over 20% since then.
Currently trading around $595.50 with a market capitalization of $11.9 billion, BCH requires only a 12% surge to break the $650 resistance and surpass Cardano as the 10th largest cryptocurrency by market cap.
Data from Coinglass reveals that Binance’s top traders are rapidly expanding their BCH long positions.
And with Grayscale’s September filing with the U.S. Securities and Exchange Commission (SEC) to obtain approval for exchange-traded funds (ETFs) that would follow the performance of Bitcoin Cash, the possibility of BCH surpassing $650 when approved is very high.
With the filing, the digital assets platform intends to convert its current closed-end trusts for Bitcoin cash into ETFs that will mainly be listed on NYSE Arca or Nasdaq.
Bitcoin Cash Price Prediction: Daily Chart Shows Bullish Structure Building
Bitcoin Cash’s daily chart displays a constructive bullish formation developing after successfully defending the $450 support during October’s selloff, which marked a clear higher-timeframe demand zone.
Since that low, price has established a series of higher lows and recently printed a strong bullish wick, signaling aggressive dip-buying and rejection of lower prices. BCH now trades above its short-term moving average, which is beginning to slope upward, reinforcing the momentum shift back to the upside.
The $615 area remains the key near-term resistance, having capped price multiple times in recent months, but the latest daily close near $592 suggests growing pressure on this level.
Source: TradingViewRSI has advanced back above the mid-50s, reflecting strengthening bullish momentum without entering overbought territory, leaving room for continuation.
If BCH secures a decisive daily close above $615, the structure supports continuation toward the $650–$652 region, which aligns with the next major resistance and prior distribution zone.
Failure at resistance would likely trigger a shallow pullback toward rising trend support around the mid-$560s, but provided price maintains above this area, the broader bias remains bullish with higher prices favored over the coming sessions.
Maxi Doge Raises $4.3M To Position for Christmas Rally
If Bitcoin Cash breaks the $650 resistance before Christmas, significant attention would spotlight undervalued presale projects like Maxi Doge (MAXI).
Maxi Doge is an early-stage memecoin following the Dogecoin playbook that helped it achieve over 2x pump during the November-December 2024 Santa rally.
The project has now established an alpha channel to help traders exchange insider tips, share early trade ideas, and discover hidden opportunities to capitalize on a similar memecoin Christmas rally.
The MAXI presale has already raised over $4.3 million and offers 72% annual staking rewards for those entering early at the current $0.000274 price before it increases.
To buy early, visit the official Maxi Doge website and connect a crypto wallet like Best Wallet.
You can pay with existing crypto like USDT and ETH, or use a bank card to complete your purchase immediately.
Visit the Official Maxi Doge Website HereThe post Bitcoin Cash Price Prediction: Is the BCH Price Headed to $650 Before Christmas? appeared first on Cryptonews.
