Bitcoin Cash (BCH) has surged past the $550 mark, reaching a peak of $554.52, marking a 2.6% gain during the session. This breakout, which occurred at 1 a.m. UTC, was accompanied by a trading volume that was 328% above the average, indicating strong market interest. Following the initial surge, BCH experienced a slight pullback to $553.58, testing the newly established support level. The upward trendline from October 30 remains intact, suggesting continued bullish momentum. Additionally, there is rising call interest at the $560 and $575 November strikes, signaling trader anticipation of further price increases.