Key notes
- BCH comes out of a multi -year drop trend with a target of $ 1,509 in sight, according to analyst Javon Marks.
- Technical indicators such as RSI, MacD and FIB levels confirm an increasingly bullish dynamic for Bitcoin cash.
- If BCH erases the resistance from $ 516, a parabolic rally to $ 1,000 + could quickly follow.
Bitcoin Cash (BCH) shocked the digital asset space, jumping almost 5% in the last 24 hours to exchange approximately $ 436.20, according to CoinmarketCap data, after reaching an intra -day summit of $ 453.34.
The sharp increase has led to a strong excitement among traders, especially since the leading analyst Javon Marks set a stunning price of $ 1,509. He has maintained this prediction since March earlier this year.
$ BCH (Bitcoin Cash) –
Target at $ 1,509.89 (more than 226% on the rise) pic.twitter.com/11yk1vkit9
– Javon⚡️Marks (@ javontm1) June 14, 2025
Target by Javon Marks at $ 1,509: Macro-exchange thesis
Marks shared a graphic, highlighting a significant multifunction decrease trend whose bitcoin is decisively in 2023. This downward trend line has acted as a resistance barrier since mid-2021, price gatherings and BCH confingation to a prolonged lower phase.
BCH $ 1,509 Target | Source: Javon marks
The escape above this trend, associated with the decreased volume trend, suggests an effect of “spring coil”, where prices appear before a major decision.
The objective of $ 1,509 is the result of the historical symmetry of prices and technical extension areas from previous accumulation models. In technical terms, the graph looks like a classic break in rounded background formation, which often leads to exponential movements.
BCH has already confirmed a series of highest and highest highs since the end of 2022, validating the upward trend structure.
Technical indicators confirm the strength
Depending on the graph below, the BCH RSI is located around 57.24, with the Mobile Yellow Mobile line at 53.88. This suggests a moderate bullish momentum without being exaggerated – an ideal place for further.
The MacD histogram is positive and the MacD (blue) line has crossed above the signal line (orange), a light bull cross. This momentum generally marks the start of a new wave.
Above all, this crossing occurs on the back of consolidation, which means that the break has a solid support rather than being an ephemeral point.
BCH MacD and RSI Levels | Source: tradingView
Using the Fibonacci extension tool, BCH has already pierced above the trace level from 0.786 to around $ 445, the next immediate target being the level from 1.618 to $ 516.5.
Beyond that, Fibonacci’s projections suggest resistance levels at 2,618 to $ 601.9, 3.618 at $ 687.2 and 4.236 at $ 739.9. These levels align well with the ultra-burning perspectives of Marks.
If BCH continues to climb through these FIB extensions, $ 1,000 + becomes a realistic halfway objective, especially if the wider feeling of the cryptography market remains risk.
following
Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived bear markets and bulls over the years. STHTH is also an author of 4 self-published books.
Parth Dubey on LinkedIn
