3 October 2025
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Bitcoin Cash Price Hits $609 with 14.2% Gain Amid Investor Interest
Bitcoin Cash (BCH) saw its price reach $609 on October 3, marking a 14.2% gain over the last five days due to increased investor risk appetite and positive US stock market performance.
- BCH outperformed Bitcoin (BTC), which only gained 3% intraday, and also showed stronger performance compared to Ethereum (ETH), XRP, and Solana (SOL).
- In the derivatives market, BCH open interest rose by 4.5% while trading volume decreased by 20.9%, indicating fresh capital inflow rather than fund rotation.
BCH Price Forecast: Rising Wedge Breakout Targets $1,000
- Technical analysis suggests further upside potential with a rising wedge breakout signaling a long-term target of $1,000.
- The MACD indicator shows bullish momentum with a recent crossover above the signal line.
- Price Volume Trend data supports ongoing capital inflows since mid-2024.
- Key levels: Resistance at $800, support at $580, and a critical level at $450.
Maxi Doge Presale Gains Momentum
- The rise in BCH reflects a broader high-risk investment trend, impacting projects like Maxi Doge (MAXI).
- Maxi Doge offers up to 1000x leverage for traders, raising over $2.7 million out of a $3 million presale target.