Bitcoin Cash (BCH) is showing renewed bullish momentum after holding above the lower boundary of an ascending triangle on the weekly chart. 

According to the crypto analyst Jonathan Carter, the support bounce signals strong buying interest, suggesting the cryptocurrency may be preparing for a sustained upward move. Jonathan Carter notes that this pattern often precedes a breakout, highlighting BCH’s growing upside potential.

Source: Jonathan Carter’s X Post

Key price targets include $660, $1,000, $1,300, and $1,800, with a stop-loss suggested at $420 to manage risk. If BCH maintains support, it could follow the classic ascending triangle trajectory, gradually climbing toward higher resistance levels. 

Traders are closely monitoring weekly momentum, as maintaining these levels could trigger a decisive breakout and attract renewed market attention.

Also Read: Bitcoin Cash (BCH) Price Jumps 63% in Volume: Is a Breakout Coming?

BCH Technicals Point to a Consolidation Phase

According to TradingView, the BCH price had a strong bearish trend as seen from the early part of 2026. The price action remains well below the major exponential moving averages, indicating a death cross pattern. 

The immediate resistance is provided by the red EMA priced at $469.31. The recent sell-off in February resulted in the loss of the $500 psychological level.

Source: TradingView

Currently, the market seems to be going through a phase of consolidation with growing Bollinger Bands. BCH found local support near $405 before rising back to $461.79. 

However, it seems to be stuck between the middle baseline and the 20-day EMA. To turn the short-term bias to neutral, a breakout above $469 is necessary.

Momentum Indicators Show Improving Strength

The MACD for BCH has a bullish crossover as the blue MACD line rises above the orange signal line. This, combined with the presence of a green histogram, implies that the downward momentum is losing strength. Even though the lines are below the zero mark, the current trend implies that the asset may rise in the near future.

Source: TradingView

The current level of the RSI is 42.64, rising from previous levels that were oversold. The level indicates that, although the asset is still in the bearish and neutral zone, the selling pressure has eased considerably. 

The RSI rising above its signal level indicates that the asset is gaining strength and could potentially move to higher resistance levels.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: Bitcoin Cash (BCH) Eyes $500 as Buyers Defend Key Trendline Support