Bitcoin Cash (BCH): Analyst Pinpoints Prime Moment For Strategic Buy

Christian Encila

11 months ago

3 mins read

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Recently, crypto analysts have been attracted to Bitcoin Cash (BCH); Alan Santana provided an extremely intricate analysis concerning the coin’s future. He advises investors though to hold off on accumulating BCH until the market shows clearer signs of stability.

The cautious outlook for Santana was based on the notion that, from his belief, the correction in the market wasn’t over yet. He indicated that BCH still might be due for a little room down to the bottom, likely to precede the bull market expected in 2025.

Strategic Accumulation And Market Timing

The analyst focuses on a meticulous accumulation strategy. Santana advises investors to wait for signals of the bottoming of the market before buying BCH. He says such patience can pay off handsomely. He also encourages one to look at both linear and logarithmic graphs, for each offers a different perspective into price action. This gives a greater overview of where BCH might be headed when both of them are combined.

✴️ Bitcoin Cash Pre-2025 Bull-Market Accumulation Zone & Strategy

Another amazing cryptocurrency project. You know our motto, we love all cryptocurrencies; the more the better.

Good evening ladies and gentlemen… Are you ready to be entertained?

Bitcoin Cash peaked before… pic.twitter.com/DMLJ077ufN

— Alan Santana (@lamatrades1111) August 13, 2024

Of course, these potential returns would be for those willing to follow the advice. However, he also cautioned that such gains would most likely have to travel through further declines on the market. Timing and patience in riding out wildly swinging markets are thus what seem to be emphasized more than anything else with his strategy.

BCH is independent of the broad market trend. In 2021, BCH led in May, a little ahead of other altcoins. In the year 2023, BCH started off in June to peak in April 2024. This time difference right here can give BCH an added strategic advantage for investors who understand that market behavior.

World Of Charts, another analyst, recently offered an upbeat prediction for Bitcoin Cash’s (BCH) price trajectory. WOC believes that BCH is almost ready for a big bounce in the upcoming weeks.

BCH market cap currently at $6.6 billion., Chart: TradingView

BCH was trying a number of resistance levels at the time of his research. These milestones functioned as obstacles that BCH had to clear in order to pursue new annual highs. According to the analyst, a significant price gain may occur if BCH is able to overcome these resistance levels.

Short-Term Outlook: Resistance And Growth

While Santana’s view for the long term is very conservative, the short-term BCH forecasts are pretty optimistic. CoinCheckup data interprets this to mean a possible 4.80% increase BCH over the next three months. This growth could be driven by steady accumulation and mild bullish momentum. Though modest, this could position BCH to test the $230-$240 resistance zone.

Further out, the six-month outlook for BCH is a projected 14% rise. Assuming BCH can break out of its current resistance levels, the target will be the $270-$280 zone. But more so important will be how the market reacts at those levels, and that shall be the determinant as to whether BCH will keep the momentum or there will be heavy pullbacks.

Featured image from Pintu, chart from TradingView

Christian Encila

They say journalists never truly clock out. 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 – 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’ 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 – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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