Bitcoin Cash surged 31.78% monthly, breaking resistance at $515 as bulls reclaimed critical support zones. The market structure shifted higher, with trading volume exploding and momentum traders back in the game. The main question now is whether BCH can sustain above the $515-520 support zone or face profit-taking at $600.
Bitcoin Cash traders face a harsh reality check as BCH tumbles from $507 to $463 over the past week, shedding 8.8% after October’s security breach involving North Korean hackers cast a shadow over the recent breakout attempt. The $45.8 million Web3 incident specifically targeting BCH has transformed what looked like a confirmed bull rally into a defensive battle at critical support levels. The main question for traders is: can bulls defend the $456 floor that’s held since August, or will security concerns trigger deeper liquidation?