390,000 Bitcoin Cash (BCH) Investors Show Potential for Making a Comeback
Wednesday, 24 April 2024, 19:00
Bitcoin Cash (BCH) Investors' Behavior
Bitcoin Cash's price is near a resistance line that could potentially challenge the current bearish trend. Attracting new investors becomes crucial for its recovery.
Opportunity for Accumulation
BCH's MVRV ratio suggests an accumulation zone with historical recovery trends between -14% to -24%, indicating potential gains for returning investors.
Decline in Addresses
The number of BCH addresses holding the coin has fallen by over 390,000. This exodus followed a market correction after March's rally, leading to investor losses.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.