😯🔥Bitcoin Cash (BCH) on stage: Reminds me of the Bull run in 2021!
#Bitcoin Cash (
#bch ), one of the hardforks of Bitcoin (BTC), blinked at the bull run in 2021 with its recent rise.
Bitcoin Cash (BCH), which has ravaged the Bull season in 2021, started to attack after Bitcoin (BTC) broke $ 57,000. BTC's hardfork, which has been trending upward for some time, finally exploded and exceeded $ 300. BCH, which caught a good buyer audience with the power it found from BTC, reminded of the old bull run. In addition, BCH, which has exceeded a technically critical level, is likely to make its name mentioned frequently in the upcoming October season.
The value of hardforks has shown itself with the rise of Bitcoin!
Hardforks, which have an important share in the crypto industry, continue to come to the agenda with the volume increases of BTC and ETH. For example, Ethereum, which has experienced a big increase with the excitement of the Dencun upgrade in the past days, had lit the fuse of Ethereum Classic (ETC). When we look at the current situation, BTC's 10 percent appreciation in a very short period of time has increased the demand for BCH.
BCH, which has been rising steadily since it dropped the needle to $ 180, has surpassed $ 300. As of the writing of the news, the popular coin, which has changed hands from $ 302.7, may climb to the upper levels if BTC continues its positive course, harforks see more value, or BTC dominance decreases. In such a scenario, respectively 345,5 – 392,6 – 420,6 – 475,9 and a move to $ 547.3 can be observed.
A decline in BTC, BTC dominance forcing the upper levels, or a negative news that may come on a sector basis will disrupt the balance of the pair. In such a scenario, respectively 296,7 – 258,6 – 213,4 – 184 and there may be a retreat back to the $ 167 December range. Especially if the December of 167 – 184 dollars is lost, a new wave of sales will be at the door for BCH.
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