Bitcoin Cash Blasts Past $500 and Leaves Wall Street Speechless! 🚀

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If you’re expecting sobriety or sense from the world of cryptocurrencies, friend, you’ve clearly mistaken this circus for a courtroom.

  • Bitcoin Cash has jumped over $480 like a frog running from a frying pan.
  • The price is loitering above $480 and the 100-hour simple moving average (which is just as mysterious as any riverboat gambler’s intentions).
  • Some poor soul had drawn a bearish trend line at $472, but BCH stomped right over it like it was yesterday’s cornbread.
  • Should BCH leap over the shifty $500 fence, who knows—maybe it’ll keep climbing until the moon begs for mercy.

Bitcoin Cash Charges the Hill 🎩

It all started when BCH scraped together a respectable base above $440 and said, “Why not outshine Bitcoin and Ethereum, just this once?” Before you could holler “Land sakes!”, BCH was up 8%, busting through $470 as if the sign said “Free Pie.”

Soon after, BCH gave $480 the old heave-ho and eyed the $495 line like a hungry hound eyes a steak. Our friend even smashed a bearish trend line at $472, leaving technical analysts questioning their life choices. With a high near $505, the price now sits pretty, consolidating higher than a Mississippi steamboat captain’s ego after a winning hand of poker.

As we speak, BCH is strolling above $485 and the 100-hour simple moving average, waiting to see if that pesky $500 resistance will surrender. If it does, next stop could be $505 or maybe even $520—after all, hope springs eternal (except in crypto bear markets).

Should BCH get too ambitious, we might see a run toward $535, unless the market decides to throw a banana peel in its path. In crypto, anything’s possible but nothing’s certain—except taxes, death, and questionable Twitter takes.

Dips and Doldrums in BCH 📉

Buckle up—if BCH can’t vault that $500 barricade, we could see it tumble faster than a one-legged goat on a mountain. First pit stop: $490. If that doesn’t hold, look for BCH camping at $480, right where the 50% Fib retracement awaits with a jug of moonshine and a sympathetic ear.

Slip below $480, and you’ll be hearing tales of $470 support, and if that fails, BCH might be knocking at the $450 door, ‘hat in hand’ and wondering where it all went wrong.

Technical Contraptions

4-hour MACD – Looks to be losing steam in the bullish zone. (About as lively as a possum at noon.)

4-hour RSI – Lounging comfortably above 60, like a riverboat dandy on Sunday.

Key Supports: $490 and $480.

Resistances Ahead: $500 and $505 (the gates to the promised land, or just another toll booth?).

As always, in the markets and in life: expect the unexpected, keep your wallet close, and your sarcasm closer. 🎭

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2025-06-20 08:18