BCH outperforms BTC: Can Bitcoin Cash continue its bull run beyond $600?

Key Points

1. BCH rallied 27.2% over the past six weeks, while BTC lost 0.78% in the same period.

2. BCH has a weak positive correlation (+0.25) with BTC over the past 30 days, indicating independent price movement.

3. The weekly chart shows a range formation between $272 and $624, with a break above $420 signaling a bullish market structure shift.

4. The $500-$530 region is a key resistance level, but rising Open Interest suggests speculative conviction in BCH's upward momentum.

5. Technical indicators like the RSI climbing past neutral 50 and rising OBV support the bullish outlook for BCH.