My lovely and crypto-curious people! How's the vibe today? I have a hot gossip that is making more than one sweat in the world of cryptocurrencies. While Bitcoin and other heavyweights are somewhat asleep, guess who is giving it their all and rising like foam! Yes, folks, we're talking about Bitcoin Cash (BCH). Things are serious!
It turns out that this coin, BCH, is breaking the mold among the top 20 by market capitalization. Over 4% up in the last 24 hours and it's already at $522 green per coin! 💸 Imagine, in just seven days it has jumped 13%, putting it above SUI and entering the twelfth spot among the largest cryptos. That's having flow!
Experts, who always have their magnifying glasses, say that BCH's chart is more than bullish, like a runaway bull! Those technical analyses, with their strange indicators like the RSI at 63 and positive MACD lines, confirm that there are a lot of people buying, pushing the price up.
The short-term goal, the wise say, is for BCH to push up to $585. That's where it gets interesting! And if things continue like this, and the "bulls" (those who buy and bet it will rise) maintain control, the coin could go long and hit $638. That would be a party because we haven't seen those numbers since December of last year!
But the thing doesn't stop there, my friends. The objective that has people with their mouths open is long-term: $1,509! Can you imagine that madness? Bitcoin Cash hasn't seen those levels since May 2021. Although it has had this brutal surge, it is still 88% below its all-time high of $4,355 reached back in 2017. So there is still a long way to go!
So you know, we need to stay alert with this BCH movement. Could this be the opportunity we've been waiting for to throw in some cash and see it multiply? Only time will tell, but the signal is green! 🤑$BCH
