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- #Will BTC Hit a New High?#
BTC has broken past $100,000 and is now consolidating near its peak. What’s your outlook on the next move? With bullish sentiment on the rise, could BTC reach a new all-time high?
#Crypto Market Rebounds#
The crypto market is rallying across the board — altcoins are gaining momentum, and Memecoins are heating up! 🔥MOODENG is up over 100%, while PNUT and VIRTUAL have each gained more than 45%. The total crypto market cap has now exceeded $3.22 trillion!
What’s next for the market? Which rebound tokens are you most bullish on?
Post your insights and trading strategie
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Bitcoin Cash (BCH) on stage: reminiscent of the Bull run of 2021!
Bitcoin Cash (BCH), one of the hardforks of Bitcoin (BTC), winked at the bull run in 2021 with its latest rise.
Bitcoin Cash (BCH), which took the 2021 Bull season by storm, took off after Bitcoin (BTC) broke $57,000. BTC's hardfork, which has been trending upwards for some time, eventually exploded and surpassed $300. BCH, which has a good buyer base with the strength it found from BTC, reminded us of the old bull run. In addition to these, the BCH, which has risen above a critical level from a technical point of view, seems to make a name for itself in the upcoming bullish season.
The value of hardforks has manifested itself with the rise of Bitcoin!
Hardforks, which have a significant share in the crypto industry, continue to come to the fore with the volume increases of BTC and ETH. For example, Ethereum, which recently experienced a huge increase with the excitement of the Dencun upgrade, lit the fuse of Ethereum Classic (ETC). When we look at the current situation, the 10 percent appreciation of the BTC in a very short time increased the demand for BCH.
The BCH, which has been steadily rising since it pinned to $180, has surpassed $300. The popular coin, which is changing hands at $302.7 at the time of writing, could climb to higher levels if the BTC continues its positive trajectory, harforks are valued more, or BTC dominance falls. In such a scenario, a move to $345.5 – $392.6 – $420.6 – $475.9 and $547.3 can be observed, respectively.
The decline of the BTC, the BTC dominance pushing the upper levels, or a negative news that may come on a sectoral basis will disrupt the balance of the parity. In such a scenario, there may be pullbacks to the range of $296.7 – $258.6 – $213.4 – $184 and $167, respectively. Especially if the $167 – $184 range is lost, a new wave of selling will be at the door for BCH.
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