Technical analysis by Beyoglu_Analyst about Symbol BCH: Buy recommendation (8/12/2025)

Bitcoin Cash (BCH) is up 3% so far on Tuesday, extending its winning streak to a third straight session. The bullish momentum has propelled BCH above the critical $590 resistance level, which had held firm since July 28. A strong daily close above $590 would likely open the door for a retest of the July 27 swing high at $604. If buyers maintain control beyond that point, the next upside target could emerge at the December 7 peak of $640. Momentum indicators remain supportive of the bullish case. The Relative Strength Index (RSI) currently sits at 61 and is trending higher, suggesting upward momentum with room to run before entering overbought territory. However, if BCH fails to hold above $590, a downside correction could take the price back toward the 50-period Exponential Moving Average (EMA), currently situated around $572.