Bitcoin Cash potentially hits $1200?steemCreated with Sketch.

in cryptocurrency •  7 years ago  (edited)

Approximately 35% of the hashing powers are mining Bitcoin Cash at the moment:

here is an technical analysis, when it hits $640 it should bounces back up to $1200? What do you think?

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Great post! It'll be interesting to see where Bitcoin Cash ends up in the long run. I have a gut feeling we're going to see a long BTC -BCH civil war of sorts, but in a way that would end up with both cryptos somewhat benefiting each other because mining difficulties won't be lopsided if everyone's concentrated on a particular one. For the sake of Bitcoin, I hope Bitcoin Cash does somewhat well, for all of us who still invest in either of them.