BCH Soars 61,561%: Bears Weep, Bulls Celebrate!

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Bitcoin Cash (BCH) has decided that the rest of the cryptocurrency market is merely a footnote in its epic tale, soaring 2% higher than the rest of the pack in the last 24 hours. Meanwhile, the bears are having a very bad day, their wallets weeping tears of digital gold 🚀😭.

Bitcoin Cash signals bullish rally

CoinGlass data reveals that traders betting short on BCH have seen $169,260 wiped out, a sum that could buy a small island… if the island accepted Bitcoin Cash. 🏝️

The asset leapt from a daily low of $590 to breach the $600 resistance level, a technical breakout so dramatic it made the bears’ heads spin faster than a confused squirrel 🐿️.

As of this writing, BCH is trading at $610.62, a 1.03% rise that’s about as exciting as a well-baked scone. The coin briefly hit $616.30 before a slight correction, which is just crypto’s way of saying “calm down, you’re not that important.”

Trading volume is down by 15.07% at $350.77 million, as investors maintain cautious optimism. Which, in crypto terms, means “we’re all holding our breath and hoping for a miracle.” 🤞

While some bulls predict BCH could hit $650-$720, it’s worth noting that BCH has maintained muted growth. In the last 30 days, it hasn’t even cracked $626. A true underdog story, or just a very shy dragon. 🐉

However, BCH has room for further upside, thanks to its technical bullish indicators. The RSI is at 56, which in the world of crypto is like saying “I’m not a witch, I’m just a very confused person.” 🧙‍♂️

Recently, Erik Voorhees, the crypto wizard, sparked speculation by reactivating a nine-year-old Ethereum wallet. He immediately swapped the ETH for BCH in a rebalancing move, leaving everyone wondering if he’s a prophet or just really good at math. 🧠

The development raised questions about Voorhees’ shifting confidence from Ethereum to BCH, with whispers that if the wallet truly belonged to him, it’s a massive bet on Bitcoin Cash. Or a very expensive joke. 😂

Can Bitcoin Cash dethrone Cardano?

Meanwhile, every climb of BCH is like a tiny step toward the top 10 list. It’s currently $510 million away from dethroning Cardano, a feat that would make the bears cry even harder. 😭

ADA has been battling downward price movement, losing 18.24% in the last 30 days. Meanwhile, BCH has gained over 12%, proving that even the most unassuming dragon can rise from the ashes. 🐉🔥

Any sustained price rise could see BCH claim the throne, but let’s not get ahead of ourselves. The crypto market is a fickle mistress, and today’s hero is tomorrow’s cautionary tale. 🕵️‍♂️

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2025-12-27 15:00