Bitcoin (BTC) Bitcoin branch in cash 7% to $ 647 has been recovered in the last 24 hours, which reviewed the valuations seen for the last time in April 2024, according to Data Source Coindesk.
The Rally follows a period of Bearish Extreme market feeling for the Token, according to the Santiment Data monitoring platform.
“Historically, prices move in the opposite direction to the expectations of the crowd. Therefore, implement a strategy of buying when the crowd is afraid and sells when the crowd becomes greedy continues to function extremely well for most alternative layers,” said Santiment in X, explaining the increase of BCH.
The Token rally aligns with the feeling of broader risk caused by the Fed Fed cut on Wednesday and market expectations for the decrease in liquidity in the coming months. Several tokens, including DOT, SUI, JUP and NEAR, have seen similar profits in the last 24 hours, while smaller coins such as Pengu have led the load with impressive two -digit increases.
Possibly greasing the fed market directed by the Fed, it is the stock exchange and values ​​commission (SECOND) Decision to approve the generic listing standards for basic products and cryptographic ETF without undergoing individual reviews for each product. This movement is expected to accelerate the introduction of new products linked to a variety of tokens in the coming months.
The recent BCH movement is based on the upward breakdown confirmed two months ago. In July, its price rose above the upper limit of a channel pattern formed by trends that connect April and December 2024, and move since August 2024 and April 2025.
This rupture of a prolonged consolidation period suggests that the sales pressure has been absorbed, clearing the road for more rise. The immediate resistance to the clock is the maximum of 2024 to $ 719, which could be the following key obstacle for BCH overcome.
