Bitcoin Cash (BCH) Peaks to 17-Month High as BTC Battles Major Resistance Near $118K
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- Bitcoin Cash surges past $644, defying crowd sentiment and showing contrarian strength.
- BTC faces heavy resistance near $117K, with heatmap indicating clustered supply zones.
- Dormant 2014 wallet moves 1,000 BTC, raising liquidity and potential market volatility.
Bitcoin Cash (BCH) surged past $644 this week to notch its strongest level since April 2024. Data from Santiment showed the token gained about 7% against Bitcoin while crowd sentiment flipped heavily bearish.
That contrarian setup, traders doubting BCH’s staying power, gave the asset fresh momentum. BCH now sits 16th by market cap, proving once again that fear-driven markets can fuel sharp countertrend rallies.
Santiment flagged that the pattern isn’t new. Traders who step in when fear peaks often outperform those chasing greed. BCH’s jump is a textbook example of sentiment washouts turning into …
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Coins
$ 64.12K
+0.27%
$ 211.13
-1.27%
$ 0.00...361
$ 3.46
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In This News
Coins
$ 64.12K
+0.27%$ 211.13
-1.27%$ 0.00...361
$ 3.46
$ 0.001
Predictions Markets
See what traders are focused on
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