BCH Rallies 70% in 7 Days Can Bitcoin Cash Surpass Bitcoin?

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The price of Bitcoin Cash (BCH) has seen a remarkable 70% rally in just seven days, sparking speculation about its potential to overtake Bitcoin.

Currently holding close to the $300 level, BCH has already made a significant 78.2% Fibonacci retracement, adding further interest to its upward trajectory.

This Bitcoin Cash price prediction will explore the technical outlook and indicators for this impressive rally.

Bitcoin Cash price rises 70% in 7 days

The current Bitcoin Cash (BCH) price stands at $296, accompanied by a 24-hour trading volume of $2.4 billion.

BCH has seen a 4% decline in the past 24 hours, but an impressive 70% increase in the past seven days.

With a live market capitalization of $5.7 billion, Bitcoin Cash ranks 14th on CoinMarketCap.

Its circulating supply consists of 19,436,669 BCH coins, with a maximum supply capped at 21,000,000 BCH coins.

Bitcoin Silver Price Prediction

Bitcoin Cash (BCH) made a significant breakthrough, breaking above the key 61.8% Fibonacci retracement level at $270, signaling a bullish trend in its price trajectory.

On the daily chart, the presence of a robust bullish candlestick pattern confirms strong buying interest among investors, propelling the price of BCH towards the $330 level.

However, a close below this level could potentially trigger a bearish correction for BCH.

It is important to be aware that minor corrections could occur, leading to a retracement towards the $244 level.

The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators on the daily chart are currently in the overbought zone, indicating that the bullish momentum may be running out.

Bitcoin Cash Price Chart – Source: Tradingview

This creates an opportunity for sellers looking to take advantage of a potential correction below the $330 level, with attractive selling points at target support levels of $244 and $205.

Alternatively, a decisive break above the $330 level could fuel Bitcoin Cash’s fresh upside move, paving the way for fresh highs at $398 and providing opportunities for bullish trades.

Alternative parts for investment

In addition to Bitcoin Cash, two other promising alternative coins to consider for investing are WSM and Thug Life Token.

Including WSM alongside Bitcoin Cash in your investment portfolio can increase your chances of success in the crypto market.

Wall Street Memes

Wall Street Memes, a renowned online community for savvy investors, recently achieved a significant feat by effectively selling its meme coin, $WSM, during its pre-sale phase.

The presale generated an outstanding fundraising amount of over $11.7 million in just a few weeks since its launch, demonstrating an impressive fundraising rate.

During the current presale phase, investors have the opportunity to buy WSM$ at a rate of $0.0307.

As the presale progresses, the price will gradually rise to $0.031, allowing investors to potentially secure guaranteed profits on paper if they participate at this particular stage.

Don’t miss the opportunity to get involved in the pre-sale of $WSM and potentially capitalize on its promising advancement. Act now and buy Wall Street Memes to participate in this exciting and profitable prospect.

Visit $WSM now

Thug Life Token

Thug Life Token is causing a stir on social media and in web3 circles as a brand new meme coin project.

Just hours after launching its token presale, the project has already raised $200,000 from $THUG sales.

The growing popularity of $THUG should attract more meme coin enthusiasts looking to join the project and contribute financially.

Operating on the Ethereum blockchain, THUG has a maximum supply of 4.2 billion tokens, with 70% of this allocation reserved for the presale phase.

This significant community allocation underscores the importance of building a strong community base for a meme token like THUG, as it paves the way for potential future gatherings and sustained growth.

For investors interested in participating in the sale, time is running out. The presale will consist of a single step, offering 1 THUG token at a price of $0.0007.

It is crucial to act quickly, as the sale will close once it hits the cap of $2,058,000.

Don’t miss the excitement surrounding Thug Life Token ($THUG). Act now and grab the chance to be a part of this promising meme coin project!

Visit Thug Life Token Now

Disclaimer: The Industry Talk section features information from crypto industry players and is not part of the editorial content of Cryptonews.com.

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