Today we look at Bitcoin Cash and its market situation. In recent days, the market has calmed down as well as Bitcoin Cash. Yesterday showed a 6% growth, the largest growth of the top 10 coins by capitalization.
[BCH / USD] In 2020 to the current value: +62.16%
Bitcoin Cash bounced into a 6% pump. It is the largest of the top 10 coins by capitalization. Bull run ended for a short time and it seems investors are no longer sure about the rise in the price of BTC to the halving. Bitcoin Cash has consolidated in its support zone in which we are currently (just like BTC). For Bitcoin it is $ 8,500 and for BCH we see support levels at $ 304-338.
According to many analysts who are bullish, we must now go through consolidation and calming the market before we can grow again. Perhaps we could grow to the halving. Global information, panic and fear will not just leave us and so definitely Bitcoin will not be as bullish as it was at the beginning of the year.
What is interesting about the BCH is that since the high 2020, which reached $ 500, we are currently down 51 percent. It will be extremely interesting to see the growth of BCH and how quickly it can regain to these values again. This also brings us interesting opportunities. If the market grows, then BCH can show the greatest strength. Just as he did just today, or as he demonstrated earlier this year.