The post Bitcoin Hard Forks, Bitcoin Cash (BCH), & Bitcoin SV (BSV) Cooling Down; Has the Sell Opportunity Triggered? appeared first on Coinpedia Fintech News
Recently, with the rise in Bitcoin prices, the hard forks, Bitcoin Cash & Bitcoin SV, also surged magnificently. The main reason for the BTC price rally is that the popular asset management firm BlackRock, along with a few others, filed for a spot Bitcoin ETF. Besides, now that Bitcoin is considered a commodity, the hard forks are also assumed to have the same status. Hence, the BCH and BSV prices, along with a few other altcoins, also soared iconically.
After surging by nearly 200% in a week, the prices of BCH and BSV have recorded notable drops. So has the rally faded, and is this the right time to sell these tokens?
Bitcoin Cash (BCH)
Ever since the BCH price has marked its yearly high at $329, it has begun to trade within a descending parallel trend
The price in the short term has dropped below the 200-MA levels a
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