Bitcoin Cash is currently trading at $568.36 and is nearing the lower boundary of the bullish channel it has maintained since April. This precarious position signals a potential risk of a breakdown. Recent whale accumulation has caught the attention of market participants, and the price recently reached an annual high of $632.64. Observers are keen to see if BCH will maintain its upward momentum or face a significant correction in the coming days. Traders should pay close attention to market indicators surrounding this critical level.