Bitcoin Cash Rises 3.15% to $480 Amid Increased Trading Volume
Bitcoin Cash (BCH) increased by 3.15% in 24 hours, reaching $480.10 after hitting a low of $454. This rise followed strong buying activity, reversing earlier losses amid global economic pressures.
Key points:
- BCH trading range was $454.16 to $469.06, with a 3.26% swing.
- The day started with a drop to $454 on high volume (41K), but recovered to form a base at $455–$458.
- Volume spikes between 08:00 and 10:00 indicated growing buyer interest, pushing prices toward $468.
- A breakout occurred from $462.75 to $468.77 (+1.3%), leading to the peak at $480.10.
- Significant buy-side volume recorded at key times, confirming demand.
- An uptrend established with higher highs and lows, supported by sustained closing volume.