$BCH This wave is really interesting. We have a long position at 559. Today’s high was 626, just 4 dollars away from the target of 630.
Recently, BCH's trend is obviously different from mainstream coins. It’s not just following the market; it seems to be developing its own independent market.
First of all, why did I position for it? BCH is essentially a fork of Bitcoin, with lower transaction costs and faster confirmation speeds, giving it a natural advantage in on-chain payments and cross-border settlements. Over the past few years, it has quietly accumulated a user and merchant ecosystem. With the recent warming of the global payment sector, BCH is just in time for the stage.
Secondly, on-chain data has surged recently, with a spike in large transfer activities. Some funds are purposefully accumulating, and coupled with rising market risk aversion, people have more confidence in established, hard assets, making BCH a target for capital.
To be honest, BCH is not the type of coin that is speculated on concepts every day. It is the kind that can hold its ground and explode at critical moments. If it really starts to move, the potential could be greater than you think.
