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Bitcoin Cash (BCH) broke through 580 dollars, analysts are bullish to 680 dollars.
According to ChainCatcher news and a report from CoinDesk, the price of Bitcoin Cash (BCH) has surpassed $580, with a 24-hour pump of 5.25%, a weekly rise of 10.5%, and a monthly increase of 17.3%. Analysts point out that BCH has broken through a long-term resistance level, and if the current trend is maintained, it may further rise to the $620-680 range. Technical analysis shows that BCH forms a support range between 556-558 dollars and 568-570 dollars, with short-term resistance level near 585 dollars. Trading volume saw a significant increase on July 27, peaking at 120,748 units in a single day, indicating active market buying.