Analyzing the BTC and BCH chart. Final separation?

March 24, 2022

To analyze the BTC chart and its coincidence not only with BCH, you also have to put it on the chart in 15 min and go back a while. In my case until March 4, 2022.

What you will see below is the 99% equality of the Bitcoin and Bitcoin Cash charts. Curiously, everything changes when the news that I mentioned in yesterday's article arrives: BCH - To the MOON.

Precisely the news came out on March 19, 2022. Just 5 days ago. At that time, there is evidence of a break in the strict monitoring of BCH towards BTC, which leads to the price shooting up abruptly, reaching $386 from $310.

Even in the increase, it shows a bit of similarity in its falls and increases, but the % of BCH purchase is much higher and it is evidently due to this news.

We have to keep in mind that users are not interested in BTC being a failure as a cryptocurrency. That your transactions take hours or days to validate or that the fee is enormous, which would make it impossible for you to send small amounts. What users are interested in is that the BTC continues to grow, in order to obtain more profit in the future. Bitcoin Cash can solve all this and much more, but the reality is that its price has fallen a lot since its ATH and many have lost interest in it.

Unfortunately, the momentum of the last 3 days served to take BCH to a slightly higher level, but right now for 24 hours, it faithfully followed its pattern with BTC again, at least what is evidenced on the charts. BTC goes up, BCH goes up, or vice versa. The main problem with this, and that, if BCH does not finally break free from BTC, it could never reach its new all-time high, unless BTC reaches $100,000 USDT.

BCH reached its all-time high in March 2021, when it reached $1,600 USDT, just as BTC reached $64,000 USD in those days. But later BCH fell to $375 and BTC fell to $29,000. When BTC rose again to $58,000, BCH failed to break above $800. Staying out of the game completely. From that moment on, his graph did nothing but go down and down, with small recoveries. Even when BTC hit its ATH, BCH just hit $700 USD.

At this rate, to see Bitcoin Cash break above $1,700 again, we would need BTC to break above $100,000 USDT or even higher.

Much remains to be done, with the adoption of BCH being generic, throughout the planet. I have to admit that hard work has been done to adopt it by everyone once and for all. The work is intense by many colleagues throughout the entire planet, and it is evidenced in this map, where it is evident where BCH is accepted as a payment method.

We will continue, we will not stop supporting our favorite cryptocurrency. We will try to continue its acceptance by all. We go to Infinity and Beyond.