Take a look guys, falling wedge since its creation.
2 years and a half of going lower against BTC.
But that's about to change now.
BCH has huge potential, many believe it's just a scam coin or similar. That's not the case, the development behind BCH is huge, only ETH has more developers.
Big innovations are expected for this one, especially the avalanche protocol. Also an another fundamental reason is the halving happening in 114 days by now.
In my opinion considering the previous halving events for BTC and LTC, this could propel the price much higher, something which should happen with a local top around the end of march or early April.
Right now we are almost at historical minimums against BTC. Bear in my mind BCH halving comes before BTC, therefore whales will try to maximise their profits by first riding the hype of BCH then the hype of BTC.
From a technical point of view you can notice that BCH is knocking on the upper line of the channel, that means it's drying the sellers and trying to propel higher. Given that BCH has a history of big explosions towards the upside, IF it breaks accordingly we are gonna see huge volatility.
BCH/USD is at 5% from it's ATH against USD, the months before the HALVING, LTC reached a 30% value from it's ATH, if this was the case for BCH (it doesn't have to be, because past events don't correlate with future) we could see it around 1200$ before the halving. It sounds crazy but it could be the case.
Do your own research, don't read just one analysis.
I am not a financial advisor, this is for educational purpose only.
2 years and a half of going lower against BTC.
But that's about to change now.
BCH has huge potential, many believe it's just a scam coin or similar. That's not the case, the development behind BCH is huge, only ETH has more developers.
Big innovations are expected for this one, especially the avalanche protocol. Also an another fundamental reason is the halving happening in 114 days by now.
In my opinion considering the previous halving events for BTC and LTC, this could propel the price much higher, something which should happen with a local top around the end of march or early April.
Right now we are almost at historical minimums against BTC. Bear in my mind BCH halving comes before BTC, therefore whales will try to maximise their profits by first riding the hype of BCH then the hype of BTC.
From a technical point of view you can notice that BCH is knocking on the upper line of the channel, that means it's drying the sellers and trying to propel higher. Given that BCH has a history of big explosions towards the upside, IF it breaks accordingly we are gonna see huge volatility.
BCH/USD is at 5% from it's ATH against USD, the months before the HALVING, LTC reached a 30% value from it's ATH, if this was the case for BCH (it doesn't have to be, because past events don't correlate with future) we could see it around 1200$ before the halving. It sounds crazy but it could be the case.
Do your own research, don't read just one analysis.
I am not a financial advisor, this is for educational purpose only.