Plunge

Bitcoin Cash

Future

Bitcoin

Notable

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-cash-risks-plunge-to-400-as-market-sentiments-waver">Bitcoin Cash Risks Plunge to $400 as Market Sentiments Waver</a><br></p>
<p style="text-align: justify"> The cryptocurrency sector, known for its volatility, has been on an upward trend, albeit with expected dips. In the landscape of digital currencies, <a href="https://en.bitcoinhaber.net/microstrategys-bold-bitcoin-bet-anticipates-market-surge">Bitcoin</a> Cash (BCH) has emerged as a notable player, recently experiencing a price hike but now facing a potential decline to the vicinity of $400. </p> 
<h2 id="bch-s-notable-market-movements">BCH’s Notable Market Movements</h2> 
<p style="text-align: justify"> Coinbase’s recent application to the Commodity Futures Trading Commission (CFTC) could classify DOGE, <a href="https://en.bitcoinhaber.net/bitcoin-bounces-back-as-litecoin-eyes-growth-following-market-surge">LTC</a>, and BCH as commodities by April 1st, potentially exempting them from the scrutiny of the Securities and Exchange Commission (SEC). This move has spiked interest in these altcoins, including BCH, which saw its price jump to $553 from sub-$500 figures. Despite earlier predictions of demise from <a href="https://en.bitcoinhaber.net/ethereum-breaks-3200-barrier-as-market-confidence-rises">Ethereum</a>‘s Vitalik, BCH’s strong performance has yielded significant returns for those investors who maintained belief in its value. </p> 
<h2 id="future-price-trajectory-for-bch">Future Price Trajectory for BCH</h2> 
<p style="text-align: justify"> Currently, BCH is trading at $530, showing a 10% increase. This is in contrast to Bitcoin, which is still recovering from negative sentiments. BCH’s 30-day Market Value to Realized Value (MVRV) ratio suggests it may be entering a sell-off zone, historically kicking in between 7% to 17% MVRV. Should this lead to a selling trend, prices could rapidly fall to $501 and then to $448. </p> 
<p style="text-align: justify"> Further market analysis indicates that if this second support level fails, BCH prices could slide back to $400 or even $378, wiping out recent gains. However, the upcoming April 1st developments, including potential CFTC acceptance and derivative product launches, could alter investor perceptions, potentially positioning BCH and similar altcoins as more secure investments, especially as legal challenges entangle numerous cryptocurrencies with Binance and Coinbase. </p> 
<p style="text-align: justify"> Investors might consider these commodities-stamped alternatives as a refuge from the SEC’s persistent legal pressures, shifting their focus to assets more closely aligned with the CFTC’s regulations.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-cash-risks-plunge-to-400-as-market-sentiments-waver">Bitcoin Cash Risks Plunge to $400 as Market Sentiments Waver</a></h5>

Bitcoin Cash Risks Plunge to $400 as Market Sentiments Waver

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