[Bitcoin Cash Price Prediction When BCH Hits Resistance Near $500]
Bitcoin Cash (BCH) has recently moved higher alongside Bitcoin (BTC), with prices rising to $488 from $321 earlier this month, hitting a new high since June. BCH has gained over 35% over the past week and if it breaks the $500 resistance, the next target could be $750, which would set a new yearly high.
As a forked currency of Bitcoin, BCH further forked into Bitcoin SV and Bitcoin Cash ABC in 2018 and 2020. Although it reached $1,500 in 2021, it is still not close to the all-time high of $3,785 in December 2017. This year, driven by the Bitcoin spot ETF, BCH briefly exceeded $680 before falling back. On November 5, the price rebounded to $488.
If buying pressure continues, BCH price may rise further. According to data from IntoTheBlock, 77% of BCH holders are currently in profit, and future price increases may bring profit-taking and retest key support levels.
Recently, BCH developers announced the launch of the May 2025 network upgrade at chipnet block 227,228, including two improvement proposals (CHIPs). Virtual machine limits CHIP to optimize computing resources, reduce system overhead and improve contract efficiency, supporting applications such as quantum cryptography and zero-knowledge proofs; BigInt CHIP improves high-precision mathematical computing capabilities, shortens contract length, supports automated market creation, and decentralized stability Coin and side chain cross-chain.
These upgrades have improved the efficiency and security of BCH, providing a stronger competitiveness and technical foundation for its future application expansion.
