Bitcoin Cash (BCH) Miner Reserves Hit 5-Year Low – Is BCH Price at Risk?
Bitcoin Cash (BCH) price has reversed 10% to hit $225 on Monday after conspicuously failing to clear the $250 resistance last week.
BCH Miners have recently cut their reserve balances to historic lows, which played a pivotal role in driving the bearish price reversal.
Meanwhile, BCH has seen increased whale demand as recent positive macro events buoyed corporate entities confidence.
Bitcoin cash (BCH) price has reversed 10% to hit $225 on October 9 after conspicuously failing to clear the $250 resistance last week. With Bitcoin miners and crypto whales taking opposing positions, here’s how BCH price could react in the weeks ahead.
Bitcoin Cash raced up the 2023 top gainers’ charts after a rare 150% rally in June sent BCH price above $300. Vital on-chain indicators reveal how BCH miners capitalized on the rally to liquidate reserve block rewards worth millions.
Read More: https://beincrypto.com/bch-miner-reserves-hit-low-price-risk/
Bitcoin Cash (BCH) price has reversed 10% to hit $225 on Monday after conspicuously failing to clear the $250 resistance last week.
BCH Miners have recently cut their reserve balances to historic lows, which played a pivotal role in driving the bearish price reversal.
Meanwhile, BCH has seen increased whale demand as recent positive macro events buoyed corporate entities confidence.
Bitcoin cash (BCH) price has reversed 10% to hit $225 on October 9 after conspicuously failing to clear the $250 resistance last week. With Bitcoin miners and crypto whales taking opposing positions, here’s how BCH price could react in the weeks ahead.
Bitcoin Cash raced up the 2023 top gainers’ charts after a rare 150% rally in June sent BCH price above $300. Vital on-chain indicators reveal how BCH miners capitalized on the rally to liquidate reserve block rewards worth millions.
Read More: https://beincrypto.com/bch-miner-reserves-hit-low-price-risk/
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