BCH Analysis
BCH is now at the bottom of our trend line. BTC is almost at 14k$ now and given a good beating to most of the alts.
BCH is taking most of the beating since its directly co-relating with BTC.
Right now further price all depends on BTC, if it goes higher i.e 15k!!!!! then BCH will go down further.
But BTC has to correct at some point, this crasy run cannot be sustained. When BTC corrects, i think thats the time BCH will have its chance.
Right now its a good entry point for BCH, but only investing with the money you are willing to loose.... because no one can predict what will hapeen with BTC anymore.
BCH is taking most of the beating since its directly co-relating with BTC.
Right now further price all depends on BTC, if it goes higher i.e 15k!!!!! then BCH will go down further.
But BTC has to correct at some point, this crasy run cannot be sustained. When BTC corrects, i think thats the time BCH will have its chance.
Right now its a good entry point for BCH, but only investing with the money you are willing to loose.... because no one can predict what will hapeen with BTC anymore.
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