Bitcoin Cash Projections: BCH Targets $250 Mark

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Bitcoin Cash emerged as one of the day’s most significant gainers as bullish sentiment returned to the markets after experiencing recent declines.

Starting the week at a low of $181.38, BCH surged to a peak of $201 at 5:07 a.m. EST and experienced a 5% increase in the past 24 hours.

This rally marked Bitcoin Cash’s break from a four-day losing streak, with its price perilously close to a support level of $180.00.

BCH Bulls Capitalize on Support Zone and Price Indicators

BCH/USD Chart Analysis. Source: Tradingview.com — BCHUSD Chart Analysis. Source: Tradingview.com

BCH has been facing a recent downward trend, bringing it down to a critical support level of $182. This support level has proven robust, thwarting bearish attempts to push the price below it.

Interestingly, this support has become a launching pad for bullish momentum, with the bulls now taking control.

Adding to the optimism is the analysis of simple day-moving averages, which show a significant SMA crossover at $121.

Despite encountering resistance, these moving averages continue to maintain bullish sentiment. The 200-day moving average has been pivotal in providing support, giving the bulls a solid foundation, and strengthening the support zone.

A candlestick opening above the 50-day moving average could further confirm the bullish momentum, potentially surpassing the $250 level and aiming for the previous resistance at $335.

Furthermore, the relative strength index (RSI) has shown signs of a rebound from a low of 37 and is currently trending upwards at 44, inching closer to the neutral position at 50.

This indicates intense buying pressure, raising the possibility of the RSI entering overbought territory above 70.

Based on this analysis, BCH appears to be on a bullish trajectory. Confirmation of this sentiment may come with a candlestick opening above the 50-day SMA, with key levels to monitor at $255 and $335, respectively.

Conversely, if the 50-day SMA remains resilient and the bulls face challenges, they might retreat to the support level at $180.

Meanwhile, BTCBSC has been gaining attention since its presale launch, attracting numerous investors worldwide. With its attractive low presale price and enticing staking opportunities, BTCBSC could emerge as an appealing alternative for BCH investors looking for potentially high returns quickly.

BTCBSC Presale Reaches Half of its $3.96 Million Soft Cap

BTCBSC is rapidly approaching half its intended $3.96 million cap, having raised $1.529 million in its presale at the time of writing.

The project is gaining traction thanks to its unique staking-for-earnings approach, which has attracted investors seeking substantial returns.

Exciting news about the #BitcoinBSC #Presale! Over $1.4M raised!💰

Huge gratitude to the entire #CryptoCommunity for the support!

Secure your $BTCBSC today for potential staking gains!🚀
https://t.co/oM0YP8IlbV pic.twitter.com/oW6ljSEZ6u

— Bitcoinbsc (@Bitcoinbsctoken) September 13, 2023

Bitcoin BSC (BTCBSC) has garnered significant interest within the cryptocurrency community for its innovative staking mechanism. This success highlights the growing enthusiasm for lucrative investment opportunities and novel staking solutions.

The BTCBSC presale, which began on September 5, offers tokens for $0.99 each, equivalent to Bitcoin’s price in April 2011. This has garnered significant attention in the crypto community, with analysts speculating on the potential for substantial profits, potentially reaching 200 times the initial investment.

Bitcoin BSC operates as a BEP-20 token on the Binance Smart Chain, prioritizing staking as an alternative to traditional mining, thereby reshaping the perception and utilization of token-based rewards.

BTCBSC Passive Income, 200x Returns

Holders of BTCBSC can generate passive income through staking, with rewards linked to the number of tokens staked, reminiscent of Bitcoin’s original block reward system.

In the ongoing presale, 4 million tokens are initially available, with an additional 2.125 million in reserve in case of a rapid sell-out. The project’s hard cap could reach $6.125 million if all tokens are sold.

🚀Grab a piece of history with #BitcoinBSC!

The initial phase of the #Presale kicks off with 4M tokens at 99¢ like 2011 #Bitcoin.

Unsold tokens post-listing contribute to the #Staking contract for a fixed 21 million $BTCBSC supply.💰
https://t.co/oM0YP8IlbV
#Stake2Earn pic.twitter.com/NelsRkmHXS

— Bitcoinbsc (@Bitcoinbsctoken) September 12, 2023

Staking rewards are directly proportional to the number of tokens staked and are distributed at ten-minute intervals. A significant portion, 69%, of the total BTCBSC token supply has been allocated for staking rewards, ensuring a consistent supply of tokens for rewarding investors over an impressive 120-year span.

The staking pool is already operational. It offers 0.25 BSC per reward block, resulting in an estimated annual percentage yield (APY) of 494%, reflecting the project’s commitment to rewarding and incentivizing its loyal community of investors and stackers.

To acquire BTCBSC, investors can visit the official website, which provides various payment options, including ETH or USDT (ERC-20), BNB or USDT (BEP-20), or card payments via Wert.

🌐Get $BTCBSC now!

Pay with ETH/USDT (ERC-20), BNB/USDT (BEP-20), or card via Wert.

Two #Presale contracts: ETH & BNB, with ETH purchases converting to BNB post-presale.

Claim via BSC network. Don’t forget $BNB for gas fees when claiming!

Join us🪙https://t.co/oM0YP8IlbV pic.twitter.com/yzGoc9SIax

— Bitcoinbsc (@Bitcoinbsctoken) September 12, 2023

After the presale phase concludes, all purchases made through the ETH contract will seamlessly transition to the BNB presale contract.

Token claims will be processed using the BSC network, and users should be aware that BNB will still be necessary to cover gas fees during the claiming process if they initially purchase.