Bitcoin Cash ($BCH) Crypto Forecast: Down 5.2% Today

What is Bitcoin Cash?

Bitcoin Cash (BCH) is a popular cryptocurrency that was created in 2017 as a result of a hard fork from Bitcoin. It aims to offer faster and cheaper transactions compared to Bitcoin.

Why is Bitcoin Cash going down?

BCH crypto is down 5.2% on Dec 13, 2024 7:06

• The bearish movement in Bitcoin Cash today could be attributed to disappointing investors compared to other cryptocurrencies like Lunex Network, which saw a significant surge during the bull run.
• Allegations of the US government's attempts to undermine Bitcoin as early as 2011 through a censorship campaign, as mentioned by a prominent figure in the crypto space, might have added to the negative sentiment surrounding BCH.
• Store-of-value coins gaining more attention in the crypto market could have diverted focus from Bitcoin Cash, leading to a decline in its value.
• The activity of crypto whales buying other altcoins in the first week of December 2024 instead of Bitcoin Cash could have also contributed to the bearish movement in BCH as investors may have shifted their focus to other assets.

BCH Price Chart

BCH Technical Analysis

BCH News

Embattled Roger Ver Says US Government Tried To Subvert Bitcoin As Early as 2011 With Mass Censorship Campaign

Embattled Roger Ver Says US Government Tried To Subvert Bitcoin As Early as 2011 With Mass Censorship Campaign

https://dailyhodl.com/2024/12/12/embattled-roger-ver-says-us-government-tried-to-subvert-bitcoin-as-early-as-2011-with-mass-censorship-campaign/

Bitcoin Cash and Ethereum Classic Disappoint Investors As Lunex Network Soars During the Bull Run

Bitcoin Cash and Ethereum Classic Disappoint Investors As Lunex Network Soars During the Bull Run

https://coinpedia.org/press-release/bitcoin-cash-and-ethereum-classic-disappoint-investors-as-lunex-network-soars-during-the-bull-run/

Store-of-Value Coins Steal the Spotlight in a Dynamic Month for Crypto

Store-of-Value Coins Steal the Spotlight in a Dynamic Month for Crypto

https://news.bitcoin.com/store-of-value-coins-steal-the-spotlight-in-a-dynamic-month-for-crypto/

Crypto Whales Bought These Altcoins in the First Week of December 2024

Crypto Whales Bought These Altcoins in the First Week of December 2024

https://beincrypto.com/altcoins-crypto-whales-bought-first-week-december/

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Bitcoin Cash Price History

05.11.2024 - BCH Crypto was up 8.3%

• BCH experienced a strong bullish movement today, potentially influenced by positive sentiment around the cryptocurrency market.
• Investor confidence in BCH may have been boosted by news of Roger Ver, a prominent Bitcoin Cash advocate, seeking to dismiss an indictment.
• The approval of a Crypto Index Fund ETF by Bitwise and filing with the SEC suggests a growing acceptance of cryptocurrencies in traditional finance, which could have had a positive impact on BCH's price.
• Overall, recent favorable developments in the cryptocurrency space likely played a role in BCH's bullish performance today.

05.11.2024 - BCH Crypto was up 7.0%

• BCH price surged as Bitcoin (BTC) hit $100k, indicating a positive correlation between the two cryptocurrencies.
• Roger Ver, a prominent BCH proponent, moving to dismiss tax evasion charges could have boosted investor confidence in BCH.
• The news of Bitwise filing for a Crypto Index Fund ETF with SEC approval may have brought positive sentiment to the overall cryptocurrency market, including BCH.
• The combination of these factors likely contributed to the strong bullish movement in BCH today.

05.11.2024 - BCH Crypto was up 5.9%

• BCH experienced a significant bullish movement, likely influenced by positive sentiment within the broader cryptocurrency market.
• The news of Roger Ver, a prominent BCH proponent, seeking to dismiss an indictment could have boosted investor confidence in BCH.
• Speculation regarding the reactions of BCH and other cryptocurrencies to Bitcoin reaching $100k may have contributed to the upward momentum.
• Insights from experts, such as Jameson Lopp, regarding the uncertain future of Bitcoin, may have prompted investors to diversify their portfolios, with some exploring BCH as an alternative investment avenue.

04.11.2024 - BCH Crypto was up 6.6%

• A prominent figure in the cryptocurrency community and a strong supporter of Bitcoin Cash, moving to dismiss his indictment for tax evasion may have boosted investor confidence in BCH.
• Public filings for a Crypto Index Fund ETF with regulatory approval suggest a growing acceptance and interest in cryptocurrencies, potentially leading to increased demand for BCH.
• The positive sentiment surrounding both the prominent figure and the ETF proposal could have contributed to the bullish movement of Bitcoin Cash today.

13.11.2024 - BCH Crypto was down 5.2%

• The bearish movement in Bitcoin Cash today could be attributed to disappointing investors compared to other cryptocurrencies like Lunex Network, which saw a significant surge during the bull run.
• Allegations of the US government's attempts to undermine Bitcoin as early as 2011 through a censorship campaign, as mentioned by a prominent figure in the crypto space, might have added to the negative sentiment surrounding BCH.
• Store-of-value coins gaining more attention in the crypto market could have diverted focus from Bitcoin Cash, leading to a decline in its value.
• The activity of crypto whales buying other altcoins in the first week of December 2024 instead of Bitcoin Cash could have also contributed to the bearish movement in BCH as investors may have shifted their focus to other assets.

12.11.2024 - BCH Crypto was up 6.4%

• Bitcoin Cash experienced a strong bullish movement today.
• The market movement could be attributed to the overall positive sentiment in the cryptocurrency market, with store-of-value coins like BCH gaining attention.
• The news of Bitcoin breaching the $100,000 milestone and the nomination of a crypto-friendly SEC replacement may have also contributed to the bullish momentum of Bitcoin Cash.
• Despite disappointments from other cryptocurrencies like Ethereum Classic, Bitcoin Cash managed to stand out and attract investors during the bull run.

07.11.2024 - BCH Crypto was down 5.0%

• Bitcoin Cash (BCH) disappointed investors amidst a bullish market, possibly due to the lackluster performance compared to other cryptocurrencies like Lunex Network.
• Store-of-Value coins stole the spotlight in the crypto market, potentially diverting attention and investment away from Bitcoin Cash.
• The emergence of Bitcoin, Dogecoin, and Litecoin as top gainers, fueled by Bitcoin's $100,000 breakout, overshadowed the performance of Bitcoin Cash.
• Uncertainty surrounding the future of Bitcoin, as highlighted by Jameson Lopp, may have contributed to a bearish sentiment across the cryptocurrency market, impacting Bitcoin Cash as well.

07.11.2024 - BCH Crypto was up 5.1%

• BCH experienced a strong bullish movement likely due to the overall positive sentiment in the cryptocurrency market following Bitcoin's milestone breach of $100,000.
• The focus on store-of-value coins and the positive reaction to the appointment of a crypto-friendly SEC replacement could have contributed to BCH's upward momentum.
• The anticipation of how BCH and BSV prices will react to Bitcoin's surge indicates that investors are closely monitoring the market dynamics and potential spillover effects on other cryptocurrencies like BCH.

05.11.2024 - BCH Crypto was up 5.2%

• BCH experienced a bullish movement likely due to the positive sentiment in the overall cryptocurrency market, especially with Bitcoin hitting $100k.
• A prominent figure in the BCH community moving to dismiss an indictment for tax evasion might have also contributed to the positive momentum.
• Additionally, the announcement of a Crypto Index Fund ETF filing for SEC approval could have boosted confidence in the cryptocurrency market as a whole, leading to increased investment in BCH.

05.11.2024 - BCH Crypto was up 5.9%

• BCH displayed bullish momentum, likely influenced by positive sentiment within the cryptocurrency market as a whole.
• The announcement of Roger Ver seeking to dismiss an indictment may have also played a role in the uptrend, easing concerns around regulatory challenges.
• Speculation regarding BCH's response to Bitcoin reaching $100k fostered optimism among investors.
• Comments from Jameson Lopp regarding Bitcoin's uncertain future potentially steered investors towards alternative cryptocurrencies, indirectly benefiting BCH.

06.11.2024 - BCH Crypto was up 5.7%

• BCH experienced a strong bullish movement today, likely influenced by the overall positive sentiment in the cryptocurrency market following Bitcoin's surge past $100,000.
• The news of Roger Ver, a prominent Bitcoin Cash proponent, moving to dismiss an indictment for allegedly evading taxes may have also contributed to the positive momentum in BCH.
• The uncertainty surrounding the future of Bitcoin, as discussed by Jameson Lopp, did not seem to have a direct impact on BCH's bullish movement today.
• The correlation between Bitcoin's milestone and the performance of other cryptocurrencies like BCH highlights the interconnected nature of the crypto market.

06.11.2024 - BCH Crypto was up 5.5%

• BCH experienced a strong bullish movement likely due to the overall positive sentiment in the cryptocurrency market following Bitcoin's price breaching the $100,000 milestone.
• The news of Trump nominating a crypto-friendly replacement for the SEC chair might have boosted investor confidence in the crypto market, leading to increased interest in altcoins like BCH.
• The uncertainty surrounding the future of Bitcoin, as highlighted by Jameson Lopp, could have also driven investors towards alternative cryptocurrencies like BCH.
• The legal issues faced by prominent figures in the crypto space, such as Roger Ver's tax evasion allegations, did not seem to negatively impact BCH's price movement, indicating strong market resilience.