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Trading King

06/23 04:09

BCH decouples from Bitcoin BCH has broken away fr

#World Cup Predictions: 100,000 USDT Daily #2026 World Cup Posting Challenge on HTX Square #HTXCommunity4thAnniversary BCH decouples from Bitcoin BCH has broken away from Bitcoin, with the 20-day correlation coefficient sliding to 0.24 after holding near 1.0 through much of May and early June. That reading marks a weak positive link rather than the near-lockstep movement of prior weeks; the two assets have largely stopped trading in tandem, though they are not yet moving inversely. The breakdown matters because BCH has fallen hard, dropping from above $600 late last year to around $200. If the de-correlation holds while Bitcoin trades sideways or rallies, BCH could extend its slide on its own, or the relationship could snap back. For now, the prospect of a short-term BCH decline remains in place, leaving the asset exposed to further downside.Final Summary Analysts say Bitcoin Cash could lose roughly half its value, sliding from around $200 toward the $100 mark, though no one is calling that drop a certainty. BCH has started moving on its own rather than shadowing Bitcoin, which means its next move may not follow the broader market in either direction
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