Bitcoin Cash After SegWit2x Bitcoin Fork

Bitcoin SegWIt2x hard fork is scheduled to be executed on November 16th 2017. This could be a very big day for a Bitcoin and can potentially have several outcomes. While there is uncertainty, investors are very likely to seek alternative coins to invest, and one of them could be the Bitcoin Cash.

The BCH, technically, looks very attractive in terms of investment and therefore could be one of the top gainers amongst altcoins after November 16th. BCH/BTC formed a strong bottom at BTC 0.052 and started to print new higher highs and higher lows signaling on the potential beginning of a stronger growth.

It is not forming a rising wedge pattern, the breakout of which could be the confirmation needed for the expected growth. It is quite likely that before November 16 Bitcoin Cash will stay within the wedge, but then, if it breaks above, BCH could be looking very attractive and stronger against the Bitcoin.



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