Is this altcoin rally a real breakout or just a fake pump to lure people in? Just look at $BCH—this usually unpopular old mining coin managed to recover an entire month's worth of losses in just 24 hours. That's the explosive power of altcoin markets: when they rise, there's no logic to it. But the key question now is whether this rebound can turn into a true altcoin season, or if it's just a short-term bull trap.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
5
Repost
Share
Comment
0/400
MoonlightGamer
· 12-03 13:29
This BCH rally is indeed fierce, but I still don't dare to chase it. I'm afraid of being the last one holding the bag.
View OriginalReply0
GasSavingMaster
· 12-03 13:28
This BCH move is indeed fierce, but don't get blinded by it. I've seen too many cases where people run as soon as there's a rebound.
View OriginalReply0
MEV_Whisperer
· 12-03 13:27
BCH's surge this time is pretty fierce, but it feels like another one-day rally; the atmosphere of a bull trap is too strong.
View OriginalReply0
FlashLoanKing
· 12-03 13:26
BCH's surge is fierce, but I still think the trick is old... There's a good chance it's a bull trap.
View OriginalReply0
MoodFollowsPrice
· 12-03 13:19
The recent surge in BCH is outrageous; it feels like the big players are just shaking out weak hands. The real altcoin season is still a long way off.
Is this altcoin rally a real breakout or just a fake pump to lure people in? Just look at $BCH—this usually unpopular old mining coin managed to recover an entire month's worth of losses in just 24 hours. That's the explosive power of altcoin markets: when they rise, there's no logic to it. But the key question now is whether this rebound can turn into a true altcoin season, or if it's just a short-term bull trap.