The post Bitcoin Cash Rockets 8% as Crypto Market Eyes Rebound appeared on BitcoinEthereumNews.com. Bitcoin Cash (BCH) is bullish and outperforming the flagship cryptocurrency asset, Bitcoin (BTC), in the last 24 hours. According to CoinMarketCap data, Bitcoin Cash has climbed by a significant 8% in price to outshine BTC. BCH outperforms Bitcoin across key metrics Notably, Bitcoin Cash witnessed a technical breakout and has managed to stay above the $520 resistance level.  The asset is supported by several bullish indicators, including a Relative Strength Index (RSI) of 52.62, which is trending upwards. Traders are interpreting this as a signal of a sustained rebound from its previous slip-up. The positive outlook for BCH comes amid an anticipated broader market reversal. The general market is down slightly by 0.73%, but there are indications that a recovery is underway.  Bitcoin Cash investors remain optimistic that if the broader market recovers, it could catalyze to push the asset back toward the $555 resistance level. A breach of this resistance could see Bitcoin Cash targeting $600 in the long term. However, if it fails to sustain the momentum, it could slip below the $500 support.  As of press time, Bitcoin Cash was changing hands at $531.13, which represents a 1.89% increase in the last 24 hours. The potential to climb higher exists as the coin previously hit a peak of $536.42 before experiencing volatility. It faces low trading volume challenges, however, as this metric is down 26.01% to $313.02 million. You Might Also Like Despite this performance, Bitcoin Cash is outperforming Bitcoin on multiple time frames, including 18% year-to-date growth.  Bitcoin is trading down by 0.97% at $86,635.96 within the same time frame. Its volume is also in the red zone as market participants exercise caution. Bitcoin Cash on bullish run Bitcoin Cash has been showing signs of a bullish rally, with the coin closing in on Cardano (ADA).  It threatens to edge… The post Bitcoin Cash Rockets 8% as Crypto Market Eyes Rebound appeared on BitcoinEthereumNews.com. Bitcoin Cash (BCH) is bullish and outperforming the flagship cryptocurrency asset, Bitcoin (BTC), in the last 24 hours. According to CoinMarketCap data, Bitcoin Cash has climbed by a significant 8% in price to outshine BTC. BCH outperforms Bitcoin across key metrics Notably, Bitcoin Cash witnessed a technical breakout and has managed to stay above the $520 resistance level.  The asset is supported by several bullish indicators, including a Relative Strength Index (RSI) of 52.62, which is trending upwards. Traders are interpreting this as a signal of a sustained rebound from its previous slip-up. The positive outlook for BCH comes amid an anticipated broader market reversal. The general market is down slightly by 0.73%, but there are indications that a recovery is underway.  Bitcoin Cash investors remain optimistic that if the broader market recovers, it could catalyze to push the asset back toward the $555 resistance level. A breach of this resistance could see Bitcoin Cash targeting $600 in the long term. However, if it fails to sustain the momentum, it could slip below the $500 support.  As of press time, Bitcoin Cash was changing hands at $531.13, which represents a 1.89% increase in the last 24 hours. The potential to climb higher exists as the coin previously hit a peak of $536.42 before experiencing volatility. It faces low trading volume challenges, however, as this metric is down 26.01% to $313.02 million. You Might Also Like Despite this performance, Bitcoin Cash is outperforming Bitcoin on multiple time frames, including 18% year-to-date growth.  Bitcoin is trading down by 0.97% at $86,635.96 within the same time frame. Its volume is also in the red zone as market participants exercise caution. Bitcoin Cash on bullish run Bitcoin Cash has been showing signs of a bullish rally, with the coin closing in on Cardano (ADA).  It threatens to edge…