{"id":600787,"date":"2024-04-01T17:00:50","date_gmt":"2024-04-01T17:00:50","guid":{"rendered":"https:\/\/wncen.com\/?p=600787"},"modified":"2024-04-01T14:25:58","modified_gmt":"2024-04-01T14:25:58","slug":"get-ready-for-a-bitcoin-cash-revolution-analyst-forecasts-historic-breakout","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/get-ready-for-a-bitcoin-cash-revolution-analyst-forecasts-historic-breakout\/","title":{"rendered":"Get Ready For A Bitcoin Cash Revolution: Analyst Forecasts Historic Breakout"},"content":{"rendered":"

Bitcoin Cash (BCH) is stirring excitement in the cryptocurrency community after respected analyst Rekt Capital posted a potentially game-changing analysis. The analysis suggests BCH might be on the cusp of overcoming a long-standing downtrend and achieving a “monumental milestone.”<\/p>\n

Related Reading: Shiba Inu (SHIB) Slumps As Whale Sell-Off Dampens Momentum \u2013 Details<\/a><\/div>\n

For BCH enthusiasts, this potential breakout represents more than just a technical victory. It could be a turning point that ushers in a new era for the cryptocurrency. Historically, BCH has flirted with overcoming the downtrend, only to fall back within its boundaries. However, Rekt Capital believes this time might be different.<\/p>\n

The key takeaway from my analysis is the possibility of Bitcoin Cash finally closing a monthly candle above the macro downtrend line, Rekt Capital stated in the analysis.<\/p>\n

\n

$BCH<\/a> \/ USD – #BCH<\/a> #BitcoinCash<\/a><\/p>\n

Bitcoin Cash is on the cusp of making history<\/p>\n

BCH formed upside wicks past this Macro Downtrend in the past<\/p>\n

But it is very likely we will soon see BCH Monthly Candle Close beyond the Macro Downtrend for the first time ever#BTC<\/a> #Crypto<\/a> #Bitcoin<\/a> https:\/\/t.co\/v6gA4Wisti<\/a> pic.twitter.com\/IP7OB0F2OJ<\/a><\/p>\n

\u2014 Rekt Capital (@rektcapital) March 29, 2024<\/a><\/p><\/blockquote>\n

The significance of such a move lies in its potential to attract new investment. A confirmed breakout would be a strong bullish signal, potentially swaying investors who have been hesitant about BCH’s future. This, in turn, could lead to a rise in BCH’s valuation and solidify its position in the ever-evolving cryptocurrency landscape.<\/p>\n

Industry leaders point to a successful breakout as a major vote of confidence for Bitcoin Cash. It would demonstrate BCH’s underlying strength and resilience in a notoriously volatile market.<\/p>\n

<\/p>\n

BCH market cap currently at $12.6 billion. Chart: TradingView.com<\/a><\/pre>\n
While the anticipation surrounding BCH is palpable, some caution remains. The cryptocurrency market is known for its unpredictable nature, and BCH is currently experiencing a short-term price dip of 1.6% and is currently trading at $645.<\/a> However, this needs to be viewed in context of a recent 30% weekly surge, highlighting the market’s inherent volatility.<\/p>\n
\"\"BCH price up in the last week. Source: Coingecko<\/a><\/pre>\n
The next few weeks will be crucial for BCH. If the monthly candle closes above the downtrend line, it would be a significant confirmation of bullish sentiment. However, failure to do so could lead to a pullback and dampen the current optimism.<\/p>\n
Related Reading: Riding The Ripple: XRP Stellar 1-Year Performance Leaves Banks In The Dust<\/a><\/div>\n
The potential breakout for BCH underscores the dynamic nature of the cryptocurrency space. Trends can shift rapidly, and what appears certain one day can quickly change course. This is precisely what makes the industry so captivating, with innovation and progress constantly pushing boundaries.<\/p>\n
The story of Bitcoin Cash is a testament to the relentless pursuit of progress in the crypto sphere. Whether BCH breaks out or not, its trajectory serves as a reminder of the ever-evolving nature of this exciting and unpredictable market.<\/p>\n
With all eyes on the upcoming monthly candle close, the cryptocurrency community waits to see if Bitcoin Cash can finally turn the corner and etch its name in the crypto history books.<\/p>\n
Featured image from Pixabay, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin Cash (BCH) is stirring excitement in the cryptocurrency community after respected analyst Rekt Capital posted a potentially game-changing analysis. The analysis suggests BCH might be on the cusp of overcoming a long-standing downtrend and achieving a “monumental milestone.” Related Reading: Shiba Inu (SHIB) Slumps As Whale Sell-Off Dampens Momentum \u2013 Details For BCH enthusiasts, this potential breakout represents more than just a technical victory. It could be a turning point that ushers in a new era for the cryptocurrency. Historically, BCH has flirted with overcoming the downtrend, only to fall back within its boundaries. However, Rekt Capital believes this time might be different. The key takeaway from my analysis is the possibility of Bitcoin Cash finally closing a monthly candle above the macro downtrend line, Rekt Capital stated in the analysis. $BCH \/ USD – #BCH #BitcoinCash Bitcoin Cash is on the cusp of making history BCH formed upside wicks past this Macro Downtrend in the past But it is very likely we will soon see BCH Monthly Candle Close beyond the Macro Downtrend for the first time ever#BTC #Crypto #Bitcoin https:\/\/t.co\/v6gA4Wisti pic.twitter.com\/IP7OB0F2OJ \u2014 Rekt Capital (@rektcapital) March 29, 2024 The significance of such a move lies in its potential to attract new investment. A confirmed breakout would be a strong bullish signal, potentially swaying investors who have been hesitant about BCH’s future. This, in turn, could lead to a rise in BCH’s valuation and solidify its position in the ever-evolving cryptocurrency landscape. Industry leaders point to a successful breakout as a major vote of confidence for Bitcoin Cash. It would demonstrate BCH’s underlying strength and resilience in a notoriously volatile market. BCH market cap currently at $12.6 billion. Chart: TradingView.com While the anticipation surrounding BCH is palpable, some caution remains. The cryptocurrency market is known for its unpredictable nature, and BCH is currently experiencing a short-term price dip of 1.6% and is currently trading at $645. However, this needs to be viewed in context of a recent 30% weekly surge, highlighting the market’s inherent volatility. BCH price up in the last week. Source: Coingecko The next few weeks will be crucial for BCH. If the monthly candle closes above the downtrend line, it would be a significant confirmation of bullish sentiment. However, failure to do so could lead to a pullback and dampen the current optimism. Related Reading: Riding The Ripple: XRP Stellar 1-Year Performance Leaves Banks In The Dust The potential breakout for BCH underscores the dynamic nature of the cryptocurrency space. Trends can shift rapidly, and what appears certain one day can quickly change course. This is precisely what makes the industry so captivating, with innovation and progress constantly pushing boundaries. The story of Bitcoin Cash is a testament to the relentless pursuit of progress in the crypto sphere. Whether BCH breaks out or not, its trajectory serves as a reminder of the ever-evolving nature of this exciting and unpredictable market. With all eyes on the upcoming monthly candle close, the cryptocurrency community waits to see if Bitcoin Cash can finally turn the corner and etch its name in the crypto history books. Featured image from Pixabay, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":600805,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10765,10736,1144,6664],"class_list":["post-600787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bch","tag-bitcoin-cash","tag-btcusd","tag-crypto"],"acf":[],"yoast_head":"\nBitcoin Cash Revolution: Analysts Forecast Historic Breakout<\/title>\n<meta name=\"description\" content=\"Bitcoin Cash (BCH) is stirring excitement in the cryptocurrency community after respected analyst Rekt Capital posted a potentially game-changing\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Get Ready For A Bitcoin Cash Revolution: Analyst Forecasts Historic Breakout","url":"http:\/\/wncen.com\/news\/get-ready-for-a-bitcoin-cash-revolution-analyst-forecasts-historic-breakout\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/get-ready-for-a-bitcoin-cash-revolution-analyst-forecasts-historic-breakout\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/a_885ca0.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/a_885ca0.png?fit=832%2C682"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bch","bitcoin cash","btcusd","crypto"],"dateCreated":"2024-04-01T17:00:50Z","datePublished":"2024-04-01T17:00:50Z","dateModified":"2024-04-01T17:00:50Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Get Ready For A Bitcoin Cash Revolution: Analyst Forecasts Historic Breakout\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/get-ready-for-a-bitcoin-cash-revolution-analyst-forecasts-historic-breakout\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/get-ready-for-a-bitcoin-cash-revolution-analyst-forecasts-historic-breakout\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/a_885ca0.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/a_885ca0.png?fit=832%2C682\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bch\",\"bitcoin cash\",\"btcusd\",\"crypto\"],\"dateCreated\":\"2024-04-01T17:00:50Z\",\"datePublished\":\"2024-04-01T17:00:50Z\",\"dateModified\":\"2024-04-01T17:00:50Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/a_885ca0.png?fit=832%2C682","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/600787"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=600787"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/600787\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/600805"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=600787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=600787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=600787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}