Gm honies,

Bitcoin Cash ($BCH ) – Market Snapshot

Price: ~$595.91

Market Cap: ~$11.87B

Circulating Supply: ~19.91M / Max Supply: 21M

24h Volume: ~$340M

All-Time High: ~$8,118 (Dec 2017)

Rank: #15 (CoinMarketCap)

Recent Highlights:

• Price Action: BCH recently surged to $618, marking a new yearly high before correcting to $592.40, reflecting a 4.51% drop in 24 hours. This pullback is attributed to profit-taking ahead of the anticipated halving event.

• On-Chain Metrics: Strong support levels are observed below the current price, with significant accumulation at $565–$570, indicating potential for upward movement post-correction.

Analyst Outlook:

• Short-Term (1–3 months): $590–$650 — Expect consolidation with potential upward momentum post-halving.

• Medium-Term (6–12 months): $650–$800 — If adoption increases and market conditions remain favorable.

• Long-Term (1–2 years): Up to $1,000 — Assuming successful execution of roadmap and market conditions.

Key Drivers:

• Halving Event: The upcoming halving could reduce block rewards, potentially increasing scarcity and driving demand.

• Adoption: Increased use of BCH for transactions and merchant acceptance.

• Market Sentiment: Overall cryptocurrency market trends and investor interest in Bitcoin Cash.