- The price of Bitcoin Cash has been combined horizontally over the past twelve months, but the collapse on the horizon.
- BCH is preparing to upgrade the main network in the next two weeks.
Bitcoin Cash (BCH) has been among the best winners in the past 24 hours among the best 20 of encryption assets, with the exception of Bitcoin (BTC). The average altcoin gained, with a fully diluted evaluation of about $ 7.5 billion and the average trading volume 24 hours, about 236 million dollars, 5 percent for trading about 382 dollars on Friday, May 2, during the mid -northern American session.
As a result, the BCH price has gained more than 22 percent in the past four weeks, indicating the upscale feeling. Moreover, Altcoin market has registered the bullish morale as the BTC price recovered 92 thousand dollars as a decisive support level.
Bitcoin’s cash network growth factors
Bitcoin has grown significantly in the past few years, supported by its 345K series and fixed supply. However, Bitcoin Cash Network faced intense competition from the new and cheerful layer projects (L1) led by Solana (Sol) and Ethereum (ETH).
In an attempt to ensure sustainable development and adopt
Mid -time goals for BCH
Since April 2024, the BCH price has been unified between $ 273 and $ 641, without a clear outbreak. After failing to gather above the highest level of 2018 ever during the 2021 encryption gathering, BCH was placed in a good position to enter the price discovery phase in the coming months.
In the daily time frame, the BCH price is constantly closed over the main resistance direction lines and is now aimed at the next goal, which is about $ 423. Moreover, the daily MACD line has already crossed the zero line and the graph continues to suggest bullish feelings.
The losing stopping is about $ 311 and the goal of the middle of the period of about 707 dollars, it is placed in a good payment position for traders in the near future.
