Bitcoin Cash BCH price try to rise while crypto market "frozen"?
Today we want to focus your attention on the global chart of the BCHUSDT trading pair.
It was a "very hot summer" in August 2017: the altcoin season was in full swing, and then there was the first historical BTC fork, which resulted in bitcoin holders receiving free BCH 1:1. All of the following eight BTC forks that were realized on "the hype" with an obvious speculative purpose have long been forgotten by history. And the coins that resulted from the BTC fork are worthless and are not needed by anyone.
After the fork, the BCHUSDT price soared to $4200-4400 on various exchanges.
And then the success story of BCH melted away against the background of other cryptocurrencies.
While BTC was able to grow 20 times in value during 2019-2021, the price of BCH could not even rise to half of the ATH rate.
On November 15, 2018, the Bitcoin Cash blockchain was split (hard forked) into two branches - BCHABC and BCHSV.
There was also a lot of contradictory information about one of the biggest supporters and organizers of the BCH fork, Roger Ver, although we haven't heard from him something interesting or extravagance for a long time.
Now about the BCHUSD chart
For almost a year, the BCH price has been moving in the range of $100-150
And we would continue to ignore this long-forgotten project, BUT:
Yesterday, when the cryptocurrency market was in a narrow consolidation, the price of BCHUSDT jumped up +12% and closed the trading day with a powerful green candle.
The related coin BSV gained +50% on the day.
What happened in the projects that they decided to pump their price while the market is in uncertainty? Please share your thoughts in the comments.
If a miracle happens on the market and the BCHUSDT price is fixed above $150, on the chart shows all the levels where it would be good to sell your BCH.
Here everyone should look at their deposit, where they bought BCH, and where it is profitable for them to sell.
The levels from the top for selling are $250, $340, and $550. The most positive and super unlikely forecast for Bitcoin Cash price growth is $900
_____________________
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It was a "very hot summer" in August 2017: the altcoin season was in full swing, and then there was the first historical BTC fork, which resulted in bitcoin holders receiving free BCH 1:1. All of the following eight BTC forks that were realized on "the hype" with an obvious speculative purpose have long been forgotten by history. And the coins that resulted from the BTC fork are worthless and are not needed by anyone.
After the fork, the BCHUSDT price soared to $4200-4400 on various exchanges.
And then the success story of BCH melted away against the background of other cryptocurrencies.
While BTC was able to grow 20 times in value during 2019-2021, the price of BCH could not even rise to half of the ATH rate.
On November 15, 2018, the Bitcoin Cash blockchain was split (hard forked) into two branches - BCHABC and BCHSV.
There was also a lot of contradictory information about one of the biggest supporters and organizers of the BCH fork, Roger Ver, although we haven't heard from him something interesting or extravagance for a long time.
Now about the BCHUSD chart
For almost a year, the BCH price has been moving in the range of $100-150
And we would continue to ignore this long-forgotten project, BUT:
Yesterday, when the cryptocurrency market was in a narrow consolidation, the price of BCHUSDT jumped up +12% and closed the trading day with a powerful green candle.
The related coin BSV gained +50% on the day.
What happened in the projects that they decided to pump their price while the market is in uncertainty? Please share your thoughts in the comments.
If a miracle happens on the market and the BCHUSDT price is fixed above $150, on the chart shows all the levels where it would be good to sell your BCH.
Here everyone should look at their deposit, where they bought BCH, and where it is profitable for them to sell.
The levels from the top for selling are $250, $340, and $550. The most positive and super unlikely forecast for Bitcoin Cash price growth is $900
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
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