Bitcoin Cash (BCH) is nearing a significant breakout point as it approaches a critical weekly resistance level, trading around $559. The cryptocurrency has been constrained by a descending trendline for years, with potential targets set at its 2021 high of $1,611 and the 2017 peak of $4,304 if it successfully breaks through. Market analysts highlight increased institutional interest, technical upgrades, and discussions around ETFs as key factors influencing the asset's long-term price outlook.