Bitcoin Fork’s Altcoin Rally Continues as Halving Approaches!

The longstanding project of the crypto market, Bitcoin Cash (BCH), made a significant move before halving. On April 4th, Bitcoin Cash will experience halving. With this anticipation, Bitcoin Cash, which continues its uptrend, has caught the attention of analysts. In a statement about the issue, Alex Kuptsikevich, a senior market analyst at FxPro, pointed out that the corrections could deepen, and made the following remarks: Bitcoin dropped below 70,000 dollars, which is attributed to the need for bulls to relieve stress and the overall decrease in risk appetite in global markets. The short-term focus of traders will be to see if Bitcoin can retest intraday low levels around 69,500 dollars on Tuesday. A breakthrough below this level could signal a longer-lasting correction. According to CoinGecko data, BCH, which showed a 13% increase in the last 24 hours, is trading at 574 dollars at the time of writing.

Bitcoin Fork’s Altcoin Rally Continues as Halving Approaches!

The longstanding project of the crypto market, Bitcoin Cash (BCH), made a significant move before halving.

On April 4th, Bitcoin Cash will experience halving. With this anticipation, Bitcoin Cash, which continues its uptrend, has caught the attention of analysts.

In a statement about the issue, Alex Kuptsikevich, a senior market analyst at FxPro, pointed out that the corrections could deepen, and made the following remarks:

Bitcoin dropped below 70,000 dollars, which is attributed to the need for bulls to relieve stress and the overall decrease in risk appetite in global markets. The short-term focus of traders will be to see if Bitcoin can retest intraday low levels around 69,500 dollars on Tuesday. A breakthrough below this level could signal a longer-lasting correction.

According to CoinGecko data, BCH, which showed a 13% increase in the last 24 hours, is trading at 574 dollars at the time of writing.

Related Posts

0 Comment

Write a Comment

You have not selected any currencies to display
Random

This website uses cookies to improve your experience. By continuing to use Bitcoinvesti.com, you agree to our use of cookies. For more information on how we use cookies and how you can manage them, please visit our Privacy Policy.