Bitcoin Cash (BCH) Outlook Updated as Trader Warns of More Than 50% Crash for DOGE Competitor

Bitcoin Cash (BCH) Outlook Updated as Trader Warns of More Than 50% Crash for DOGE Competitor


A Cryptocurrency Analyst Is warning of Probable Collapse for Dogecoin (DOGE) Rival

A trending cryptocurrency analyst has announced a warning that a rival of Dogecoin (DOGE) could experience a whole lot of decline as the digital asset markets remain stagnant. The analyst, known as Kaleo, shares on Twitter that Pepe (PEPE) may fall by more than 50% from its current value. Kaleo uses an inverse chart to illustrate the  capacity decline, with Pepe sliding from $0.000000787 to $0.000000390. In the meantime, Kaleo predicts that Bitcoin (BTC) Cash (BCH) will continue its downward trend as it tests a key level of support at $191.21. In addition, BCH is expected to experience a decline against Bitcoin. Kaleo believes that Bitcoin (BTC) will remain volatile until a decisive bull cycle takes place in 2024-2025. He speculates that Bitcoin (BTC) will dip to around $21,000 in September before rallying to $34,000 in early October.

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Hot Take:

Although while the cryptocurrency markets could be stagnant, Kaleo’s warning serves as a reminder that even established assets can experience whole lot of declines. Traders and investors should remain vigilant and stay notified about probable dangers and market trends to make notified decisions.

Author – Contributor at | Website

Daisy Hodley emerges as a luminary blending the roles of crypto analyst, devoted researcher, and editorial virtuoso into a harmonious symphony. In the realm of digital currencies, Daisy’s insights resonate with an exquisite resonance across a diverse spectrum of minds. Her adeptness in decoding intricate threads of crypto complexities seamlessly intertwines with her editorial finesse, translating intricacy into a captivating melody of understanding.

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