As we are all well aware, Bitcoin (BTC) suffered a pullback midweek while Bitcoin Cash (BCH) realized a 150% increase. Now despite my speculations, I believe that the increase in BCH is not based on a fundamental shift in support of that particular chain. I will not reference candles and sticks in my argument, but human nature. I believe that most, asset-protecting, individuals made the shift to hedge their investment in cryptocurriences. I suspect that when the trend reverses on the top currencies that the BCH will retract to its midweek, or below, price point.
Are there any critiques, or additions, to this viewpoint?
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