\* We have seen a very positive dynamic of BCH price recently, while the coin has successfully made its way from $200 to $300, within a couple of weeks.

\* As BCH network halvening approaches, many of market participants expect the price of BCH to surge, as is the case with Bitcoin . However, some opinion leaders cast doubts on the halvening itself. Namely, Dan Hedl, the Director of BD at the Kraken exchange, thinks that the halvening would cause miners losing profits that will spur them to switch to Bitcoin . He also announced that Bitcoin Cash halvening, which is due in 160 Days, may hit the BCH hashrate and increase a chance of 51% attacks.

\* In contrast, Roger Ver, the Bitcoin Cash proponent and former CEO of Bitcoin .com, declared that he will share $5 worth of BCH to all of his friends on Facebook , because he believes that Bitcoin Cash price could increase by almost 100,000 percent.

\* In the meanwhile, we see that the positive price dynamics keeps up on a Daily time-frame, and we are quite optimistic on BCH to proceed to the next short- to mid-term target of $350.

**Active trade signal**

Buy @ $270 – $290.
Target: $350.
Stop-loss: $265.

**Watch for our Updates to get real-time superior signals!**


*This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.*

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1 Comment

  1. --jUNg-7 on 29. May 2022 at 13:23


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