📈 Bitcoin Cash (BCH): Between Fear and Opportunity
Market Capitalization: $11.09B.
Bitcoin Cash isn't just a Bitcoin fork, but an independent payment instrument with an increased block size, designed for fast and cheap transactions.
🟡 BCH positions itself as "electronic cash" in the most literal sense of the word.
What's happening now❔
🗣The crypto market is going through a period of nervousness: the Fear and Greed Index sits in the "extreme fear" zone, while Bitcoin and Ethereum are trying to hold key support levels.
🗣In such conditions, altcoins, including BCH, are experiencing additional pressure. Nevertheless, Bitcoin Cash is demonstrating relative resilience: over the past 24 hours, the coin showed modest growth against the backdrop of general negativity.
🗣It's worth noting that BCH liquidations totaled around $784K — a moderate figure, suggesting an absence of panic among major market participants. Trading volume remains at $374M per day, indicating sustained interest in the asset.
Trade guidelines:📈📉
📈 Consolidation above $584 - opens the path to $627.
📉 Break below $548 - risk of correction toward $500.
Conclusion:
BCH is holding up well during a period of market uncertainty. Fear periods have historically become entry points for patient investors.
📈 Open trade with $BCH
🔗 Chat • X • JioCoinsX