Bitcoin Cash the hibernating bear - 3x altcoin rally possible
Bitcoin Cash has had massive downside after its all-time highs and went deep into the "Bear Zone" down to 65€ but never was able to get over 300€ ever since.
I will take a conservative look and see fully possible a 3x rally given the next altcoin cycle will start here soon.
There are however 4 resistance levels (237€, 300€, 415€, 615€) to break for BCH to reach the 710€ 4x spot.
It will largely depend on if Bitcoin Cash will be able to keep it's Top 10 position by market cap in order to attract enough attention with all the DeFi noise.
Of course an 8.5x could also be possible, but given the weakness of BCH since the last cycle it does not hold such a strong market value proposition then e.g. Ethereum.
I will take a conservative look and see fully possible a 3x rally given the next altcoin cycle will start here soon.
There are however 4 resistance levels (237€, 300€, 415€, 615€) to break for BCH to reach the 710€ 4x spot.
It will largely depend on if Bitcoin Cash will be able to keep it's Top 10 position by market cap in order to attract enough attention with all the DeFi noise.
Of course an 8.5x could also be possible, but given the weakness of BCH since the last cycle it does not hold such a strong market value proposition then e.g. Ethereum.