Bitcoin Cash (BCH): Analyst Pinpoints Prime Moment For Strategic Buy
August 15 2024 - 12:30PM
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Recently, crypto analysts have been attracted to Bitcoin Cash
(BCH); Alan Santana provided an extremely intricate analysis
concerning the coin’s future. He advises investors though to hold
off on accumulating BCH until the market shows clearer signs of
stability. Related Reading: HODLing Resurgence? 374,000 Bitcoin
Transfer Ignites Crypto Recovery The cautious outlook for Santana
was based on the notion that, from his belief, the correction in
the market wasn’t over yet. He indicated that BCH still might be
due for a little room down to the bottom, likely to precede the
bull market expected in 2025. Strategic Accumulation And Market
Timing The analyst focuses on a meticulous accumulation strategy.
Santana advises investors to wait for signals of the bottoming of
the market before buying BCH. He says such patience can pay off
handsomely. He also encourages one to look at both linear and
logarithmic graphs, for each offers a different perspective into
price action. This gives a greater overview of where BCH might be
headed when both of them are combined. ✴️ Bitcoin Cash Pre-2025
Bull-Market Accumulation Zone & Strategy Another amazing
cryptocurrency project. You know our motto, we love all
cryptocurrencies; the more the better. Good evening ladies and
gentlemen… Are you ready to be entertained? Bitcoin Cash peaked
before… pic.twitter.com/DMLJ077ufN — Alan Santana (@lamatrades1111)
August 13, 2024 Of course, these potential returns would be for
those willing to follow the advice. However, he also cautioned that
such gains would most likely have to travel through further
declines on the market. Timing and patience in riding out wildly
swinging markets are thus what seem to be emphasized more than
anything else with his strategy. BCH is independent of the broad
market trend. In 2021, BCH led in May, a little ahead of other
altcoins. In the year 2023, BCH started off in June to peak in
April 2024. This time difference right here can give BCH an added
strategic advantage for investors who understand that market
behavior. World Of Charts, another analyst, recently offered an
upbeat prediction for Bitcoin Cash’s (BCH) price trajectory. WOC
believes that BCH is almost ready for a big bounce in the upcoming
weeks. BCH was trying a number of resistance levels at the time of
his research. These milestones functioned as obstacles that BCH had
to clear in order to pursue new annual highs. According to the
analyst, a significant price gain may occur if BCH is able to
overcome these resistance levels. Related Reading: Bitcoin SV Makes
A Surprise Move With 10% Uptick – Details Short-Term Outlook:
Resistance And Growth While Santana’s view for the long term is
very conservative, the short-term BCH forecasts are pretty
optimistic. CoinCheckup data interprets this to mean a possible
4.80% increase BCH over the next three months. This growth could be
driven by steady accumulation and mild bullish momentum. Though
modest, this could position BCH to test the $230-$240 resistance
zone. Further out, the six-month outlook for BCH is a projected 14%
rise. Assuming BCH can break out of its current resistance levels,
the target will be the $270-$280 zone. But more so important will
be how the market reacts at those levels, and that shall be the
determinant as to whether BCH will keep the momentum or there will
be heavy pullbacks. Featured image from Pintu, chart from
TradingView
Bitcoin Cash (COIN:BCHUSD)
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