📈 Bitcoin Cash (BCH): Forever Second or Preparing a Surprise?
Market capitalization: $12B.
Bitcoin Cash is a fork of the original Bitcoin, created for fast and cheap payments.
🟡 If Bitcoin became digital gold, BCH positions itself as digital cash for everyday purchases.
What's happening now❔
🗣On January 14, Monero overtook BCH in market cap, claiming 11th place. This is a wake-up call for BCH – investors are shifting attention to privacy coins and smart contract platforms.
🗣However, it's not all bad news. Legendary trader Peter Brandt noted a potential breakout to the $720 level. Over the past 60 days, BCH has shown nearly 20% growth, indicating ongoing accumulation.
🗣The main event on the horizon – the CashVM upgrade in May 2026. This will transform BCH from a simple payment network into a programmable blockchain with smart contract support and quantum-resistant cryptography. Essentially, BCH wants to take a slice of Ethereum's pie.
Trade Guidelines:📈📉
📈 Breakout above $627 – road to $660 is open.
📉 Drop below $604 – risk of decline to $585.
Conclusion:
BCH is at a crossroads. Technically the coin looks decent, but competition is growing. Keep an eye on the CashVM upgrade – a lot depends on its success.
📈 Open trade with $BCH
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