After this drop it will go back to 20k fairly quickly but it's hard to predict what the timespan will be.
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The yellow pointing hands are indicators of where it might find support again.
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The rocket back to 20k could potentially come a lot faster than this. But I didn't want to paint a too optimistic picture.
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There seems to be some support on the hourly right now but we are still some ways away from the 50day ma on the hourly. So till it hits that it could still go down again. But the FOMO could drive the price up again.
I doubt it. you are talking about bitcoin cash yes?
It did the first time but then people realized what was going on and it got overvalued quite quickly.
The pump may have been pure market manipulation as well. And people have learned from this crazy pump and many people lost money and only a few gained.
Right now Bitcoin Cash is on a course to correct itself and I think it could be a while before and if we ever see bitcoin cash reach such heights again as we saw during the pump.
max69
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@Juvator, yeh it seems like BCH is going through a correction of it's own so it's not benefiting from this BTC pull back