{"id":152707,"date":"2023-09-19T11:01:18","date_gmt":"2023-09-19T11:01:18","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=152707"},"modified":"2023-09-19T11:38:20","modified_gmt":"2023-09-19T11:38:20","slug":"bitcoin-cash-bch-price-rally-bullish-whales-push-bch-to-the-top","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/bitcoin-cash-bch-price-rally-bullish-whales-push-bch-to-the-top\/","title":{"rendered":"Bitcoin Cash (BCH) Price Rally: Bullish Whales Push BCH to the Top"},"content":{"rendered":"

According to recent data analysis from dedicated sites, Bitcoin Cash (BCH) has been experiencing a resurgence in the market<\/strong>, with its price rallying towards $300. The data suggests that the uptrend in BCH\u2019s price is due to bullish whales who invested $15.4 million in September 2023 to keep BCH afloat amid bearish<\/a> headwinds.<\/span>\u00a0<\/span><\/p>\n

Bitcoin Cash (BCH) in Numbers<\/span><\/h2>\n

The whales who possess 1,000 to 100,000 BCH coins have significantly influenced<\/a> the rise of Bitcoin Cash in the list of top gainers this week. Despite the recent double-digit price gains, BCH has not yet gained significant attention from many retail market participants.<\/strong><\/span><\/p>\n

BCH’s Social Dominance data indicates that retail investors have not yet joined the BCH price rally. However, on-chain data analysis examines several key indicators that could potentially drive BCH\u2019s price toward the $300 mark during the next bull rally.<\/span><\/p>\n

\"Bitcoin<\/p>\n

The data also analyzes the potential extent of the BCH price rally if the upcoming Fed rate announcement on September 20 favors risk-on assets. It is worth mentioning that corporate entities are sensitive to changes in interest rates set by central banks<\/strong> such as the Federal Reserve, as it affects the yield obtained from other investment alternatives.<\/span><\/p>\n

Considering the anticipated rate freeze by Reuters<\/a> economists, it is likely that BCH whales will increase their buying trend after the September 20th<\/strong> Federal Reserve Meeting.<\/span><\/p>\n

In conclusion, Bitcoin Cash (BCH) has been experiencing a resurgence in the market due to bullish whales who invested $15.4 million in September 2023<\/strong> to keep BCH afloat amid a downtrend crypto market.\u00a0<\/span><\/p>\n

The uptrend in BCH\u2019s price could continue if the upcoming Fed rate announcement on September 20 bodes well for risk-on assets. Despite recent double-digit price gains, Bitcoin Cash is still not getting significant support from the majority of the retail market participants<\/strong>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

According to recent data analysis from dedicated sites, Bitcoin Cash (BCH) has been experiencing a resurgence in the market, with its price rallying towards $300. The data suggests that the uptrend in BCH\u2019s price is due to bullish whales who invested $15.4 million in September 2023 to keep BCH afloat amid bearish headwinds.\u00a0<\/p>\n","protected":false},"author":32,"featured_media":152717,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98,70,74],"tags":[4604,5536],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/152707"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=152707"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/152707\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/152717"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=152707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=152707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=152707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}