Bitcoin Cash & The Bulls
Bitcoin Cash daily transactions have been increasing every day since the last week of 2020. Bitcoin Cash miners have processed upwards of 300,000+ daily transactions on various days during the past week and even close to matching Bitcoin networks daily output. BCH was the third most active blockchain in January.
BCH has retraced 27% since 10 January 2021 but found support at the 50 SMA and the momentum oscillators are all turning positive on the 6 month chart. The moving averages are rising also. This looks like a nice set-up.
BCH has retraced 27% since 10 January 2021 but found support at the 50 SMA and the momentum oscillators are all turning positive on the 6 month chart. The moving averages are rising also. This looks like a nice set-up.
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