• Bitcoin Cash ($BCH) saw a notable increase in price, surpassing $700 on March 31, the highest level since November 2021.
• The surge in BCH price, up by 160% in the last five days, is attributed to the upcoming Bitcoin Cash Halving event scheduled for April 4, 2024.
• BCH broke through key resistance levels at $500 and $530 against the US Dollar, signaling a strong bullish trend.
• The breakout from the trading range indicates a bullish flag pattern breakout rally in Bitcoin Cash, supported by significant engulfing candles.
• In a short span, BCH exceeded the 23.60% and 38.20% Fibonacci retracement levels.
• Currently trading at $680, BCH shows indecision with a Doji formation on Monday.
• The upward trend targets the 50% Fibonacci retracement level at $765, with a potential to surpass $700.
• Further upward momentum may be seen if BCH clears the $800 level.
• Coingabbar Prediction suggests that Bitcoin Cash may be valued at $1500 in 2030 and $3000 in 2040.

KEY LEVELS:

RESISTANCE LEVEL: $700-$765

SUPPORT LEVEL: $600-$530

Disclaimer: Coingabbar's informational guidance and chart analysis on cryptocurrencies, NFTs, or other decentralized investments does not constitute financial advice. Users are advised to conduct their research, exercise judgment, and understand the risks associated with financial instruments. Coingabbar is not responsible for any financial losses. Cryptocurrency and NFT markets can be highly volatile, so users should seek advice from financial professionals and assess their risk tolerance before investing.