Bitcoin Cash’s recent price action has been quite interesting. Looking at the daily chart, it completed its correction ahead of most altcoins, and now a classic triple bottom pattern has formed on the chart.

The technicals are pretty clear: all moving averages have been broken through, and the price has regained its footing in the upward channel. More importantly, the MACD indicator has crossed above the zero line, which usually signals that bullish momentum is still ongoing.

At this pace, the next target should be the 620 resistance area. However, if there’s a short-term pullback to around 560, that would be a good opportunity to build a spot position—playing for a swing rebound with a decent risk-reward ratio.