Bitcoin Cash (BCH) Price Bounces Off Key Support: Here Are the Next Big Targets

Bitcoin Cash price has returned to focus after a decisive rebound near the lower boundary of a long-forming structure on the weekly chart. The reaction developed close to the $420 region, which continues to act as structural support inside a broad ascending triangle. Price behavior at this level matters because repeated defenses often define whether a trend can extend toward higher resistance zones.

Jonathan Carter notes that BCH remains positioned above the rising trendline that has guided market structure since mid-2023. His analysis highlights how the latest bounce confirms buyer presence at a technically meaningful zone. Stability above this foundation keeps the broader bullish structure intact and leaves upside projections technically valid for the months ahead.

Ascending Triangle Structure Shows Why Bitcoin Cash Price Holds Strength

The weekly formation reveals a pattern of higher lows pressing toward horizontal resistance near $660. Each decline into support has produced a recovery that maintains the upward slope of the structure. Jonathan Carter explains that this configuration often precedes expansion once overhead resistance weakens through repeated tests.

Support confluence strengthens the technical picture. The 50-week moving average sits close to the rising trendline, which creates a layered defense beneath current BCH price action. Failure below $420 would break this structure and invalidate the bullish thesis outlined by Jonathan Carter. Continued defense above that level keeps probability aligned with an eventual resistance challenge.

Measured triangle projections outline potential upside zones that extend far beyond current price. Carter identifies $660 as the first barrier, followed by $1,000, $1,300, and $1,800 if bullish continuation develops across future weekly closes. Historical interaction around these regions supports their relevance as technical checkpoints.

Resistance Levels Define The Next Path For BCH Price Movement

Immediate focus centers on whether Bitcoin Cash can secure acceptance above $660. Rejection at this ceiling has shaped consolidation throughout the past cycle. A confirmed breakout would expose BCH to the $1,000 region, where prior distribution once controlled market direction. Strength beyond that zone could reopen the path toward $1,300 and eventually $1,800 under sustained bullish pressure.

Read Also: Silver Price Prediction: This Trader Just Mapped Silver’s Next Big Move

Jonathan Carter emphasizes disciplined structure awareness through a clearly defined stop near $420. Technical invalidation provides clarity during uncertain market conditions and separates structured planning from emotional reaction. Market structure therefore remains the primary guide for interpreting future BCH price behavior.

Bitcoin Cash now trades at a decisive technical location where support has proven reliable and resistance still limits expansion. The coming weekly closes will determine whether this rebound evolves into a confirmed breakout sequence. Jonathan Carter’s mapped levels provide a framework for tracking that progression as BCH attempts to transform stability into renewed upside exploration.

Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.

The post Bitcoin Cash (BCH) Price Bounces Off Key Support: Here Are the Next Big Targets appeared first on CaptainAltcoin.