Bitcoin Cash (BCH) is exhibiting a bullish trend with strong support at 490 USD and resistance at 555 USD. Despite a slight daily decline of 2.85%, BCH has increased by 6% over the past week.
The pro-crypto regulatory landscape, highlighted by favorable acts like the CLARITY Act, is expected to positively influence BCH’s market position, enhancing its adoption as a payment solution.
Should BCH break through the 555 USD resistance level, it could target 640 USD next, paving the way for a potential surge towards 1,000 USD, marking a significant upward trajectory.
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