RATE Group | Bitcoin Cash Labeled a ‘Wounded Animal’, But Could Still Surge 150%
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Bitcoin Cash Labeled a ‘Wounded Animal’, But Could Still Surge 150%

12 Aug Bitcoin Cash Labeled a ‘Wounded Animal’, But Could Still Surge 150%

Posted at 19:13h in Bitcoin News by

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There has only been one mover and shaker in the world of cryptocurrencies over the past month or so. All eyes have been on Bitcoin while its smaller siblings have been eroded as altcoins remain in deep hibernation.

Big Potential on Bitcoin Cash Chart

BCH is one of today’s top crypto assets in terms of 24 hour gains. From a weekend low of $308, Bitcoin Cash has surged over 10 percent to hit an intraday high of $340 during Sunday trading. Monday has seen a pullback to around $330 which is still outperforming most of the other altcoins.

BCH has reclaimed fourth place in terms of market capitalization which is just below $6 billion. Crypto trader ‘DonAlt’ has been scouring the altcoin charts and has highlighted the BCH weekly chart as the one with the most potential.

“Looks as if it wants to pull a BTC like run soon. As long as it can close through resistance (0.035) I’ll suspect BCH is going to retest blue (0.075) which would be + 150% from here.”

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