Quick Take
The recent Bitcoin Cash (BCH) halving has sparked a significant price rally, propelling the digital asset to its highest level since 2021.
Based on CryptoSlate research, an intriguing pattern has been observed in the lead-up to this halving event, potentially holding implications for the broader digital assets market.
In the months preceding the previous BCH halving in April 2020, BCH experienced a remarkable price appreciation of around 130%. However, BCH dipped just before the previous halving in April 2020.
It took roughly six months for Bitcoin (BTC) to lead BCH after its halving, which occurred in May 2020.
Ahead of its halving on April 4, BCH has surged by approximately 150%. Interestingly, Bitcoin has also seen unprecedented growth and reached a new all-time high in the last month weeks before its halving.
This raises the question: could the BCH price surge before its halving be a harbinger of a similar rally for Bitcoin?
The post Bitcoin Cash hits new peak since 2021, sparking debate over Bitcoin’s next move appeared first on CryptoSlate.
