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‘Lagging’ Bitcoin Cash could rally soon only if…
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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice
Bitcoin climbed by nearly 8% over the past couple of days, from the lows of $45.6k to $49.3k, before descending slightly to trade at $48.9k at press time. Even so, it remains likely that Bitcoin will climb to $51k-$52k again and could move the wider crypto market north alongside it.
On the contrary, Bitcoin Cash has gained by only 4% over the said timeframe. Simply put, Bitcoin Cash may be lagging behind.
Source: BCH/USDT on TradingView
The price action over the past two weeks was a range, from the $490 band (red box) to the $415 band (cyan). The price has tested this area for demand multiple times over the past
Read more on ambcrypto.comAbout this in other media
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