Based on Coindesk, Bitcoin Cash (BCH) broke above $550 on a heavy-volume surge, reaching $554.52 for a 2.6% session gain. The breakout occurred at 1 a.m. UTC with trading volume 328% above average. A subsequent pullback to $553.58 tested the new support level, while the ascending trendline from October 30 remains intact. The model notes rising call interest at the $560 and $575 November strikes, indicating trader positioning for potential upside.
Bitcoin Cash Surpasses $550 Amid Surge in Trading Volume
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