has shown phenomenal growth since the fork. Fundamentally, its very similar to bitcoin
and offers faster transaction speeds and bigger block sizes but in my opinion its place as a store of value is questionable. Price action has been very strong on BCH but volumes have only been decreasing over time. Its consolidating into a symmetric triangle ( or ascending triangle
) with an equal probability of breaking out on either side.
I am more inclined toward bear a:
a. declining volumes
b. price and RSI
c. lack of a long accumulation phase