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Bitcoin Cash peaked earlier than most in 2021, hitting its high in May, while other altcoins peaked in April and November. In 2023, Bitcoin Cash began rising in June alongside XRP but peaked in April 2024, after the rest of the market. Fascinating, right?
Given these patterns, Bitcoin Cash stands out as a strong project. Certain projects consistently perform well, making it easy to build a solid portfolio with 8-15 top performers.
Initially, I had doubts about this pair, unsure how the "accumulation zone" would play out or whether the correction had ended. But as I focused on other pairs, things became clearer. With the bull market still some time away, we likely haven’t seen the bottom yet.
Arthur Hayes, founder of BitMex, recently echoed my views, predicting the altcoin bull market will start in early 2025, after Bitcoin surpasses $70,000 and Ethereum $4,000. His agreement is reassuring, given his influence and experience. His forecast suggests more market adjustments this year before the altcoin season begins.
I’m using a logarithmic chart here, as it offers a clearer picture, though the linear chart is also useful for seeing where we stand compared to past cycles. Both have their purposes.
Bitcoin Cash’s potential to reach a new all-time high could mean a 13X increase from its current price. This might not be the bottom of the current bearish phase, so prices could drop further before the bull market fully takes off in 2025. The growth potential could be even greater if calculated from the lowest point of the correction. But any profit is good. Focus on winning, as each win builds experience and refines your strategy.
Small wins build confidence for bigger victories. Patience is key.
Our strategy is to wait and see how things develop. If prices rise, no worries—we’ll let it run, as bull markets can last years. When a clear bottom forms, buy and hold. After 8 months of buying, reassess the chart; if prices are up, start selling in portions. The key is patience—once you’re in the green, take profits and move on.
Never get too attached to any project. If things go wrong, accept the loss and move forward. Take responsibility for your decisions to avoid repeating mistakes.
Mistakes are valuable if we learn from them. Keep pushing, learning, and trading, and you’ll succeed in the long run. Never give up. Keep rising until you win—and when you win, keep winning.
Thank you for reading." By Alan
