Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• BCH outperformed BTC in Q2 2023.
• Whales massively drove price action. 

Crypto markets closed Q2 2023 on the green. Bitcoin [BTC] hit a new high of $31.4k and consolidated dominance to 50%, the first in over two years, limiting altcoins’ shine. But PEPE and Bitcoin Cash [BCH] registered stellar performance. 

Is your portfolio green? Check out the BCH Profit Calculator

In particular, BCH outperformed BTC, rallying over 200% in 10 days, jumping from $105 to over $300. 

BTC posted about 19% gains in the same period. PEPE and BCH’s remarkable performance at the time of writing made them part of the top three on the “Hot Trending” list on CoinMarketCap. 

Can bulls maintain the traction?

The RSI (Relative Strength Index) has been in the overbought zone since 21 June – over 10 days. It denotes strong buying pressure in the same period. Similarly, the CMF (Chaikin Money Flow) surged above zero, highlighting massive capital inflows for BCH. 

So, the bulls had the leverage to push forward. The next critical hurdle exists at the March 2022 high of $391. But before that, BCH b

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Author: Suzuki Shillsalot

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