Bitcoin Cash Price Increase as Investor Sentiment Returns: Market Analysis and Next Steps

Bitcoin Cash Price Increase as Investor Sentiment Returns: Market Analysis and Next Steps

Introduction: Bitcoin Cash Gets Attention
Over the last few days, we have observed a large increase in Bitcoin Cash price, which is drawing attention from retail and institutional investors alike. As we see a rise in the volatility in the crypto market along with speculation around altcoins, Bitcoin Cash (BCH) has generally been a top cryptocurrency on the channel over the past couple weeks. Analysts assume the resurgence in investor interest is because of improved scalability, rising adoption, and a willingness for investors to buy in.

What Is Causing the Bitcoin Cash Price Increase?
The rise in Bitcoin Cash price has happened because of technical and fundamental analysis. To start, BCH is breaking out of key resistance levels which the price continues to rise after reaching previous highs. Fundamental analysis has shown terrible confidence has returned into new price trends with lower fees and wait times similar to Bitcoin but with more transactions.Between the crypto market developing itself from trend lines and the recent bullish trends of Bitcoin itself, the sentiment surrounding the BCH is lifting. Many investors see BCH as an economical alternative to BTC. Specially when consuming day-to-day transactions.

Bitcoin Cash vs. Bitcoin: A Comparison
While Bitcoin and Bitcoin Cash now utilize the same blockchain, the two have different meanings. Bitcoin has evolved to be a digital store of value, while Bitcoin Cash is focused on usability and transferring value. As Bitcoin Cash value has increased almost daily, it has narrowed the gap in usage and utility.As Bitcoin Cash network upgrades come online and scalability expands, the total potential for it to be used for real-world payments has massively increased, resulting in bigger transaction volume and ultimately, price increases.

Overall market sentiment and technical indicators
The market sentiment surrounding BCH is ov