Bitcoin Cash [BCH] crosses 6-month high; why then, should investors be wary?

Bitcoin Cash’s price hit its highest since August 2022. Volume surged as BCH could reach overvalued levels soon. Bitcoin Cash [BCH] surged to its highest value since August 2022, after it broke the $150 region on 20 February. According to CoinMarketCap, the cryptocurrency recorded one of the most gains on the said date as it […]

Volume surged as BCH could reach overvalued levels soon.surged to its highest value since August 2022, after it broke the $150 region on 20 February. According to CoinMarketCap, the cryptocurrency recorded one of the most gains on the said date as it raced to the height. But at press time, the momentum seems to have decreased as BCH traded at $147. 53.where a slide like this was only a short-term drawback.

As per the Moving Average Convergence Divergence , the Bitcoin Cash momentum was not necessarily bullish. This was because the blue dynamic line was only positioned above the orange slightly. This condition meant that buyers and sellers were in a heated contest for control. But the greens had an edge, nevertheless.

has been one of the driving forces behind the recent rally, according to Santiment. At the time of writing, the positive sentiment was 10.29. On the other hand, negative sentiment was 6.71.

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