Bitcoin Cash offers signs of a significant outbreak of prices from a pattern that usually leads to a significant increase in prices. One of the encryption analysts believes that this may lead to another impressive gathering of BCH, similar to what happened a few months ago.
Cryptokartha, who analyzes coded currency price movements on X, referred to this possible opportunity. The current BCL compared to what happened in October when another encryption called CVX doubled in the price after getting out of a similar pattern.
Understanding Bitcoin Cash
On the price chart, Bitcoin Cash was formed “Sufficiency pattern falls.” This is when the price moves between two lines down down, they approach together. The important thing is that BCH is now broken above the upper line of this style, which is usually a sign that prices may rise significantly.
When we look at the graph, we can see a clear green candle closed over this resistance line, confirming the penetration. Before this happened, BC tested the bottom line several times without collapsing, indicating that the sellers were losing strength.
In the analysis that Cryptokartha shared, there is an offer that shows that BCH may rise about 68 % in terms of erupted. This would take Bitcoin’s cash price from about $ 313 to about $ 525, and returns to the levels that were last seen in December 2024.
But there is more for the story. Although the Cryptokartha chart was specifically a 68 % increase, if the measuring line extends to the top of the price channel, Bch can see something closer to a 2X (or 100 % profit). This would match what happened with the example of CVX mentioned by Cryptokartha, as a similar pattern has doubled the price.
Also read: DogwFhat (WIF) indicates a chart (WIF)
Historical context and bitcoin potential cash price
It is important to compare that what happened in October. When CVX broke out of a similar style, its price is more than twice. If Bitcoin Cash follows the same path, we may see an increase in value by 100 % of the current levels.
Many positive signs support this optimistic opinion. Besides the collapse over the pattern of spoiled, Bitcoin Cash was making the lowest levels during the unification period. This indicates that buyers gradually control. The fact that similar patterns led to strong gatherings in the past also adding weight to the possibility of a significant increase in BCH.
However, there are always risks. For this bullish scenario for play, Bitcoin Cash should remain above 310 to $ 320. If the price decreases below this level, this may mean that the penetration was wrong, which may lead to more prices instead of the expected gathering.
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