Crypto analysts have recently been drawn to Bitcoin Cash (BCH), with Alan Santana providing an incredibly sophisticated analysis of the coin’s future. However, he advises investors to hold off on accumulating BCH until the market shows clearer signs of stabilization.

Santana’s cautious outlook was based on the assumption that he believes the market correction is not over yet. He indicated that BCH may still have some room to fall, possibly before a bull market expected in 2025.

Strategic Accumulation and Market Sensing

The analyst focuses on a thorough accumulation strategy. Santana advises investors to wait for signals of a market bottom before buying BCH. He says that such patience can pay off substantial time. He also encourages looking at linear and logarithmic charts, as each offers a different perspective on the price action. This gives a better overview of where BCH could be headed when the two are combined.

✴️ Accumulation Zone and Bitcoin Cash Bull Market Strategy Before 2025

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Bitcoin Cash peaked ahead of… photo:twitter.com/DMLJ077ufN

— Alan Santana (@lamatrades1111) August 13, 2024

Of course, those potential gains would be for those prepared to follow the advice. However, he also warned that such gains would likely have to come through further market declines. Timing and patience in dealing with wildly volatile markets are therefore what seems to be emphasized more than anything else in his strategy.

BCH is independent of the broader market trend. In 2021, BCH led in May, slightly ahead of other altcoins. In 2023, BCH took off in June, only to peak in April 2024. This time difference here could give BCH an additional strategic advantage for traders who understand this market behavior.

World Of Charts, another analyst, recently gave an hopeful forecast for the price trajectory of Bitcoin Cash (BCH). WOC believes that BCH is almost ready for a substantial rebound in the coming weeks.

BCH tried several resistance levels during his research. These milestones acted as hurdles that BCH had to overcome to reach recent yearly highs. According to the analyst, a significant price enhance could occur if BCH is able to overcome these resistance levels.

Short-term outlook: resistance and growth

While Santana’s long-term outlook is very conservative, BCH’s short-term outlook is quite hopeful. CoinCheckup data interprets this as a possible 4.80% enhance for BCH over the next three months. This enhance could be fueled by steady accumulation and gentle bullish momentum. While modest, this could put BCH in a position to test the $230-$240 resistance zone.

Further, the six-month outlook for BCH is a projected 14% upside. Assuming BCH can break through the current resistance levels, the target will be the $270-280 zone. But more importantly, how the market reacts at these levels will be the deciding factor as to whether BCH will maintain its momentum or see a major pullback.

Featured image from Pintu, chart from TradingView