Bitcoin Cash Surges Ahead of CME Futures Launch
Bitcoin Cash (BCH) has made significant gains over the past week, surging 54.44% and reaching a price of $358.39.
This price increase comes on the heels of CME Group's plan to launch BCH futures on October 19, pending regulatory review.
The rally also pushed daily trading volume to $1.61 billion, with market capitalization nearing $7.2 billion.
However, traders are now facing a critical technical level at $355.25 as bullish momentum collides with resistance.
A daily close above this level could strengthen the breakout structure and bring the $360 psychological level into focus.