Sirwin
Sirwin

Bitcoin Cash Shrugs Off Dip, Continues Massive Rally


In a week where Bitcoin Cash saw over 100% gains, the price of the token briefly cooled off over the weekend, dipping back down to the $268 level and is now currently fluttering around the $300 level again. 

f6ace5eff923bc6a98c94a3ce427758c889eddd4bc7f2a402731bb5fb9ba5579.jpg

Zoom out, and we can see that despite being in the "overbought" zone (RSI above 70), traders are still piling into BCH. 

909e65d8e674d6ee2489c4442a2f3a62880607606efae033357ff3b42a89c8c1.png

There is still a massive bull flag playing out on the chart above. Volume continues to pour into Bitcoin Cash, being the #7 most popular cryptocurrency by trading volume on the day. It seems that the lows seen earlier this year are being left in the dust, as a new base is being established with the rise in interest in BCH. Additionally, as many are speculating, as the price of Bitcoin continues to rise so will the price of its little forked brother. As time draws on, this price actually looks more and more sustainable and not just a flash in the pan.

cd1fb6fd24e221f479ac6b070c0eb3749b180b06ad541c7febc277cd3133c42d.png


The original Bitcoin faucet is long gone, but there are still ways to collect some free crypto:
  • Sign up here on Publish0x, if you haven't already, to earn free crypto for reading & writing content
  • Join Cointiply and roll the faucet every hour, view PTC ads, take surveys to earn free Bitcoin, Litecoin, Dogecoin, or Dash
  • Downoad the Bitcoin Cash Giveaway to collect some free BCH sats, paid out weekly
  • Check out Yescoiner to easily collect some satoshis; no nonsense -- just solve a captcha. Low payout, slow drip here
  • Final AutoClaim is another facuet-style site that offers payouts in 74 different coins
  • For an entertaining, off-the-wall faucet, check out Crypto Junkie. Great for accumulating SPACE and SHIB
  • Play Gemly, a P2E game, and earn payouts in BTC, Litecoin, BNB, Tether, Tron, and Dogecoin
  • For rewards in XNO and BTC, check out TipNano app

How do you rate this article?

31


RocketEnthusiast
RocketEnthusiast Verified Member

dot com boomer - writing mostly on crypto, stocks, entertainment, etc.


Esoteric Selections
Esoteric Selections

From the deep reaches of the inner mind, to the lighthearted musings of a friendly conversation, to investing and crypto ramblings, to reflections on pop culture phenomenona: assorted subjects and scattered connections.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.