Bitcoin Cash Upgrade: Will Your Crypto Portfolio Survive the Coming Frenzy?

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  • In a shocking plot twist, Bitcoin Cash has spent the last year doing its best imitation of a plank—stubbornly horizontal. Could things finally get interesting? Stay tuned.
  • The BCH faithful are dusting off their keyboards for what promises to be a network upgrade so grand, it might even draw attention away from cat memes—however briefly.

Bitcoin Cash (BCH) suddenly found itself as one of crypto’s best-performing assets in the past 24 hours, which—let’s face it—is a bit like being the best-dressed at a Zoom call. With about $7.5 billion in the fantasy world of fully diluted valuation and a 24-hour trading volume that could probably buy several small islands (let’s go with $236 million), BCH catapulted 5 percent higher, trading around $382. That was Friday, May 2—or as it’s known in crypto: “just another absurdly volatile day.”

With a hair-raising 22 percent gain over the past four weeks, BCH strutted about while BTC reclaimed $92k as support. For perspective, “bullish sentiment” was sighted so frequently, people started reporting it as a missing person.

Bitcoin Cash Network: Still Kicking, Not Just a Fork in The Road 🥄

The Bitcoin Cash network has managed a commendable feat: not vanishing into the digital ether. Assisted by 345k on-chain holders and a stubbornly fixed supply, it’s living proof that resilience is a core feature of crypto. Of course, BCH is still feeling the constant itch from younger, shinier L1 projects like Solana (which threatens to out-party everyone), and Ethereum, who insists on being the teacher’s pet.

To keep the spark alive, BCH is launching a “major” network upgrade on May 15, 2025. They promise advanced smart contract functionality via Targeted Virtual Machine Limits. It sounds technical, but just nod along—everyone else is.

Midterm Price Targets: The Charm of Wild Guesses 📈

Since April 2024, BCH has kindly decided to bounce around between $273 and $641, like a price action yo-yo determined to avoid any commitment. After failing to outdo its 2018 all-time high in 2021 (awkward), BCH is now flashing its best “price discovery” moves for the coming months. Will it dazzle? Will it flop? Tune in for the next episode.

Daily chart enthusiasts, rejoice: BCH has now closed above its major resistance trend lines so many times, you’d think it had bought a subscription. Eyes are on $423 as the next fun-sized target, while the MACD line has started dancing above zero and the histogram says: “All aboard the bullish train!”

If you’re feeling daring (or just missed the last meme coin pump), there’s talk of stop losses around $311 and midterm targets near $707. For leveraged traders, it’s just another day at the rollercoaster—best hang on to your hat (and maybe your lunch).

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2025-05-02 22:08