Bitcoin Cash (BCH) price prediction: BCH target price is at a 52-week high, on-chain data shows there is still room for rise.
Gate news, the price of Bitcoin Cash (BCH) rose over 6% on Wednesday and has increased by 2% as of Thursday's report. BCH is showing a parallel channel pattern, indicating a strengthening bullish momentum and approaching the psychological level of $500. Additionally, MVRV on-chain data indicates that BCH still has room to rise before reaching the critical level that previously led to a reversal.
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