BCH Run Topped Out Or Just Taking A Breather?
A few weeks ago on October 22nd around 2am I was watching BCH hover around 5 million Satoshi or .051 Sat. The daily high for BCH from a few hours ago hit an whopping .165 Satoshi which is close to the all-time high BCH topped out at back in August during the first BCH run in the crypto world. The all time high for BCH is .243 Satoshi from August 19th during last summer when the newly forked coin emerged and promptly dumped.
Many people are speculating a Bitcoin bubble potentially bursting, it looks like Traders have taken temporarily shelter in cryptocurrencies such as Maid Safe, Counterparty, ETC and BCH are among several market seeing significant gains from the BTC bubble FUD. Markets like STEEM, ETH and DASH seem to be sitting patiently on the sidelines waiting for a wack at the magical cryptocurrency pinata of life.
Considering Bitcoin Cash has done about 2 X in the last few weeks alone, I have to wonder how much more muscle BCH will have in the next 7 days and more importantly I have to wonder if a BCH retrace is eminent after this latest dramatic spike?
Do you think Bitcoin is overinflated and a bubble waiting to burst?
Do you get the impression people are taking shelter in cryptocurrencies dreaming about getting more satoshi's for their crypto, expecting the Bitcoin price to bottom out?
Can BCH keep growing after seeing a 2 X spike in value in under 3 weeks?
I love to getting you're feed back and opinions, thank you for taking a second to check out this post or if you left a comment below!
Written by STEEM user: Jazmin Million
I think BTC needs to go through a bit of a correction...maybe low $6000's. BCH is pumping right now, but I think you will see profits being taken and it will drop in the next day or two. But I'm no professional, just my opinion. I like Ark, Lisk, and VTC for the alts.
LISK and VTC rock.
BCH might need a lil cool down after the sprint upwards.
Do you have any legal side where we can earn some BCH?