Bitcoin Cash (BCH) Resurgence Continues - Can Price Reclaim $300?
BeInCrypto
19 Sep 2023 9:15 AM
Bitcoin Cash (BCH) reclaimed $220 on Monday to emerge top gainer among the 20 largest crypto projects by market capitalization. Is $300 next?...
- Bitcoin Cash (BCH) defended the $180 support level and reclaimed $220, making it the top gainer among the 20 largest crypto projects.
- On-chain data analysis suggests that BCH's price could reach $300 during the next bull rally.
- Whale investors holding 1,000 to 100,000 BCH coins have played a significant role in pushing the price up, accumulating 70,000 BCH worth approximately $15.5 million.
- Retail investors have not yet fully participated in the rally, as social dominance for BCH has trended downward.
- If the Federal Reserve holds rates unchanged, BCH whales could intensify buying pressure, potentially pushing the price to $300.
The article highlights positive developments for Bitcoin Cash, such as defending support levels, bullish whale activity, and the potential for a price rally. Overall, the sentiment is optimistic.
You May Ask
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