- Bitcoin Cash approached $604.19, where a newly formed selling wall limited further upward movement.
- The asset held above the $571.72 support, maintaining a stable lower boundary within the current range.
- A stronger resistance zone remains near $640, creating a defined upper structure above the active selling wall.
Bitcoin Cash (BCH) entered the weekend with renewed activity as the price reached $599.67, reflecting a 3.0% increase over the recent period . The chart now reveals a defined structure that centers around a developing selling wall near $604.19, which sits just below the stronger resistance area at $640. This arrangement places Bitcoin Cash within a narrow band where each movement carries added importance.
Notably, the asset continues to trade above its $571.72 support, and the recent rise toward the resistance zone has drawn increased attention to the upper boundary of the current range. The formation of this selling wall shapes the short-term outlook and influences how traders evaluate the ongoing trend.
Price Moves Toward Upper Boundary as Selling Wall Forms
The move toward $604.19 marks the latest advance in a series of upward attempts from recent sessions. Each push toward this level occurred with price remaining above the established support. The chart shows repeated interactions with the zone now acting as a selling wall, and each attempt met consistent seller interest. However, the price still holds close to this line, demonstrating steady pressure from the market.
This behavior connects directly to the broader picture, as the selling wall’s emergence compresses the price between two defined levels. The interaction between these boundaries sets the tone for the next phase of activity.
Support Continues to Anchor Price Stability
The $571.72 support remains an important reference in the current structure. Bitcoin Cash returned to this level several times in earlier sessions, yet each revisit held the range intact. The stability here helps maintain the lower boundary, and the price continues to trade firmly above it.
Because the asset moves between the same two zones, the range gains clarity. The connection between the support and the active selling wall creates an environment where price movement becomes more focused. This provides a clear map of the immediate conditions shaping Bitcoin Cash’s behavior.
Resistance at $640 Defines the Upper Structure
Above the active wall at $604.19, the chart identifies a stronger resistance cluster near $640. This higher level remains important, as the new selling wall now sits below it. The structure shows how the market positioned these layers, with the current price steadily approaching the lower resistance zone.
This positioning ties back to the earlier paragraphs, as each boundary shapes the progression within the range. The alignment between support, the first resistance, and the broader $640 level defines the short-term structure. The chart presents a clear roadmap, and the price continues to interact with the upper band as the range holds steady.
