Bitcoin Cash has broken out yet again crushing all-time highs at $2800, hitting nearly $3700 before retracing. We can thank the popular platform Coinbase for this push, which is the largest venue for Crypto investors. We’ve had to re-center nested Fibonacci levels to account for this rally, and currently BCH is hovering around $3250, a strong level of support. We anticipate this momentum to continue at the expense of other Cryptos, especially Bitcoin, though some retracement is likely, so wait for further pullback to $3K or so before adding to a position, if you don’t want to get caught at highs.
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