Main notes
- BCH explodes from a multi -year decline with $ 1509 on the horizon, according to analyst Javon Marx.
- Technical indicators such as RSI, MACD and FIB levels emphasize the increasing bullish momentum of cash bitcoin.
- If BCH scanned 516 dollars, a bonus raising about $ 1,000 may follow quickly.
Bitcoin Cash (BCH) shocked the space of digital assets, where approximately 5 % jumped in the past 24 hours to trade about 436.20 dollars, according to Coinmarketcap data, after reaching the highest level during the day 453.34 dollars.
This increase led to a serious excitement among merchants, especially since the prominent analyst Javon Marks set a target for the target price of $ 1509. He has maintained this prediction since March earlier this year.
$ Bch (Bitcoin Cash) –
Goal @ 1,509.89 dollars (more than +226 % up) https://t.co/katt2su0ig pic.twitter.com/11yk1vkit9
– Javon
mmarks (@javontm1) June 14, 2025
Javon Marx target 1,509 dollars: Macro’s outbreak
Marx participated in a plan, with a highlight of the multi -year declining trend in which Bitcoin broke out decisively in 2023. This downside line was a resistance barrier since mid -2011, which led to price pools and BCH in a long landmark.
Bch $ 1,509 target | Source: Jafon Marx
The penetration is suggested over this trend line, associated with a decrease in size, the effect of “spring coils”, where the price is pronounced before the main step.
The goal of $ 1509 is the result of the historical symmetry of prices and the technical extension areas of previous accumulation patterns. Technically, the scheme is similar to a classic outbreak of the formation of a round bottom, which often leads to mineral movements.
BCH has already confirmed a series of higher altitudes and higher declines since late 2022, which is valid for the bullish trend structure.
Technical indicators confirm strength
According to the graph below, RSI’s Bch sits around 57.24, with the yellow moving average line at 53.88. This indicates moderate bullish momentum without outperforming the peak – a sweet spot for more upward trend.
The MacD chart is positive, and it has crossed the MACD (Blue) line over the (orange) signal line, which is a clear ups off. This transformation usually represents the beginning of a new wave up.
More importantly, this intersection occurs on the back of monotheism, which means that penetration has strong support rather than a rapid rise.
Bch Macd and RSI levels | Source: TradingView
Using the Fibonacci extension tool, BCT has already penetrated higher than the recovery level 0.786 at about $ 445, with the next instant goal is the 1.618 level at $ 516.5.
Moreover, Fibonacci expectations indicate resistance levels at 2.618 at $ 601.9, 3.618 at $ 687.2, and 4.236 at $ 739.9. These levels are well in line with a high -feeding Marx look.
If BCH continues to climb through these FIB accessories, $ 1,000+ becomes an average realistic goal, especially if the broader coding market remains the most risky.
the next
Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.
The post BCH Goes Vertical — $1,500 Target Has Traders Buzzing first appeared on Investorempires.com.
