Bitcoin Cash: Bull Run Coming to $1,000
The#BitcoinCash ($BCH) price surged above $700 on March 31, reaching its highest point since November 2021.
Over the past five days, $BCH has experienced a staggering 160% growth on the back of anticipation for the upcoming Bitcoin Cash halving event scheduled for April 4, 2024.
BCH has initiated a strong uptrend that has broken through the key resistance levels of $500 and $530 against the US Dollar.
The breakout of the trading range marked a bullish flag breakout rally for Bitcoin Cash, accompanied by a notable engulfing candle.
In just two bullish weeks, BCH has broken through the 23.60% and 38.20% Fibonacci retracement levels.
Currently, BCH is trading at $680, having formed a doji pattern on Monday, showing indecision.
The upward momentum aims to challenge the 50% Fibonacci retracement level of $765, and it is very likely to break through $700.
BCH/USD may further accelerate its rise after breaking through the $800 level.
According to Coingabbar Prediction, ## Bitcoin Cash is predicted to remain at the $1,500 level in 2030, while Bitcoin Cash is expected to rise to $3,000 in 2040.
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