Time to talk about $BCH . I hold this contract for more than 2 years. Let’s analyse the trend:
BCH is currently trapped in a "bearish technicals + bullish narrative but no actual buying" dilemma. Unless there is a confirmed daily close breaking above $295 (to reverse the medium-term structure) or Grayscale's ETF makes substantial progress, the trend is likely to remain weak consolidation or gradual decline, with focus on whether the $267 support holds.
“Good news” is that CME launched BCH futures in October, but these are cash-settled contracts that do not require physical BCH delivery. After the announcement triggered a brief surge, prices retreated, showing institutions are merely treating it as a trading/shorting tool rather than hoarding coins. It is more like a CME Futures "Sell the News” kind of event.
But whatever it is my target for this coin is still at least $500 and above otherwise i wont close my position. Let me know what u think about this coin and discuss.
#bch
BCH is currently trapped in a "bearish technicals + bullish narrative but no actual buying" dilemma. Unless there is a confirmed daily close breaking above $295 (to reverse the medium-term structure) or Grayscale's ETF makes substantial progress, the trend is likely to remain weak consolidation or gradual decline, with focus on whether the $267 support holds.
“Good news” is that CME launched BCH futures in October, but these are cash-settled contracts that do not require physical BCH delivery. After the announcement triggered a brief surge, prices retreated, showing institutions are merely treating it as a trading/shorting tool rather than hoarding coins. It is more like a CME Futures "Sell the News” kind of event.
But whatever it is my target for this coin is still at least $500 and above otherwise i wont close my position. Let me know what u think about this coin and discuss.
#bch
