Dear Family:
Price Prediction of $BCH :
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- Discussion centers around a consolidation phase between $585 and $650 in the Bitcoin Cash market, suggesting the potential for a breakout.
- Despite a bearish breakout, it turned out to be a fakeout as the price rebounded afterward.
- Caution is advised regarding manipulation in the Bitcoin Cash market, highlighted by unusual open interest behavior and volume.
- Despite the manipulation, there is optimism about Bitcoin Cash's potential to rally back up to $700 and possibly reach $750.
- It's recommended to wait for confirmation of a retest of the $640-$650 level before considering a long position.
- Viewers are urged to exercise caution when trading Bitcoin Cash, as retail traders often incur losses in manipulated markets.
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$BTC $1000SATS #Bitcoin #BitcoinCash #BCH #Trading #TradeNTell