Mt. Gox recently transferred over $700 million in Bitcoin!
In parallel to this, $BCH touched the lower boundary of the local uptrend where the gold zone 0.618 is located.
So I see this as a promising point. Moreover, technical analysis tells me a few positive things:
1) First, it is the strength of the trend and its lower boundary.
2) Secondly, it is the golden section of 0.618 Fibo level.
3) Thirdly, it is the level near MA200.
Based on all of these factors combined, I can only share with you my observation that price often reacts positively in these situations.
Even despite the fact that Mt. Gox has started making bitcoin cash payments, it's not dropping the price down. At least not yet. So we're going by what the chart shows us.
What do you think about this chart?
