BCH Price Prediction: $292 Is the Line in the Sand — Bounce or Flush Incoming Within 72 Hours
Bitcoin Cash moved from a weekly rise into a sharp one-hour drop, with trading updates showing a move to $343, then a later slide to $315, and a separate note that the coin reached $335.96 during the Sept. 20 to Sept. 26 period. The same set of updates also ties the moves to liquidations and market developments, including $170,000 in short liquidations, $360,000 in long liquidations, planned BCH futures, and an ETF registration that became effective.
What this rests on
What it means
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Before these updates, the market could be read as moving with short liquidations, planned BCH futures, and an ETF registration that became effective; after the later moves, the same coin was trading under heavier one-hour and 24-hour losses with long liquidations showing up in the same hour. What stays unchanged is that the reports still center on spot price, liquidation totals, and exchange activity rather than any change to BCH itself. (per tokenpost.com)
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Where this sits in the Bitcoin series
| When | What happened | Figure |
|---|---|---|
| 1.0 years ago | BTC a 1.152e+05 $ high | today it sits -29.1 % from there |
| 4 months ago | BTC a 5.857e+04 $ low | today it sits +39.5 % from there |
From what we have stored, starting 1.0 years ago.