Bitcoin Cash Price Prediction: Whale Transactions Surge 122% – Could BCH Overtake Bitcoin?

Key Points

1. Bitcoin Cash (BCH) has surged 112% weekly and 70% over the past 3 months, with whale transactions increasing by 122.45% to $482 million.

2. Speculative activity is high, but a negative funding rate of -0.009% and declining daily active addresses suggest weak on-chain fundamentals.

3. Technical analysis indicates a potential breakout with resistance at $530 and a target of $990, but failure could see a correction to $246 or $388.

4. Macro factors like potential rate cuts and ETF approvals may influence BCH's performance, but resilience to macro FUD alone may not sustain its momentum.

5. The article also mentions Best Wallet, a crypto wallet gaining traction post-FTX crash, with features for early project discovery and $13.7 million in funding.