Bitcoin Cash is in a peculiar position. It is the one fork of Bitcoin that everyone pays street cred too. I cannot think of another besides Bitcoin Gold (Which I love but never owned). As Bitcoin has made its move breaking the 9k barrier and other cryptocurrencies make gains. It seems that BCH is missing out on the party. Although BCH had a rally as of late, it still fails to convince people of its speed, low cost, and brand. I see it settling at $1,229 on Feb 20th, 2018.
BCHUSD moves in the same direction as BTCUSD, so if this is going down so is the entire crypto market.
baronbloe
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@barclayjames, After observing these particular price movements. I see less correlation between BCH and BTC compared against other cryptos. Although the market generally acts in one way similar to the NRA. These cryptos will be panicking heading to DFFM. Yes, no weddings on this side. ::)
Doc-al-Citadel
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u sure?!?
baronbloe
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@qdoc, Yep. One way or another, BCH is maintaining a price cap. If this circa $2,700 barrier is breached then all hell might break loose