Ah, the marvellous world of cryptocurrency, where numbers dance like sugarplums and wallets fatten like Mr. Twit’s head! 🌟 Bitcoin Cash (BCH), that plucky little scamp, has waltzed its way to the top, becoming the “best performing” Layer-1 asset of the year. Up nearly 40%, it’s left the likes of BNB, Hyperliquid, Tron, and XRP eating its digital dust. 🏎️💨
According to the ever-so-clever analyst Crypto Koryo, while most L1s (Ethereum, Solana, Avalanche, Cardano, Polkadot-you know, the usual suspects) are drowning in a sea of red, Bitcoin Cash is sipping champagne on a yacht. 🥂 And get this: it’s done all this without even having an official X account! Who needs social media when you’re busy outperforming the big boys? 😏
Koryo, that wise old owl, attributes this success to a magical mix of supply dynamics and new demand catalysts. No token unlocks? Check. No foundation treasury? Check. No VCs dumping? Double check. The entire supply is circulating, free as a bird, with no pesky sell-side pressure. 🕊️
Bitcoin’s Rollercoaster: $87K Dip Before $100K Glory? 🎢
Meanwhile, over in Bitcoin land, trader Michaël van de Poppe is predicting a thrilling dip to $87,000 before a triumphant climb to $100,000. 🌋 In a Sunday post on X (formerly known as Twitter, for those living under a rock), he painted a bullish picture, complete with Federal Reserve meetings and macro backdrops. It’s like a financial soap opera, but with more zeros. 📉📈
Van de Poppe’s crystal ball says the uptrend will resume once Bitcoin retests support and breaks through $92,000. If all goes well, we could see $100,000 within a fortnight! 🤑 But beware, two invalidation points lurk in the shadows: losing $86,000 (cue dramatic music) or failing to hold above $92,000. Dun dun dun! 🎬
Is the Bitcoin Bull Still Charging? 🐂
As CryptoMoon (yes, that’s a real thing) reported, technical analyst TXMC has spotted something intriguing: Bitcoin’s “liveliness” indicator is on the rise. 🕵️♂️ This long-term measure of on-chain coin spending versus holding is climbing, a pattern historically linked to bull markets. Even as prices remain as still as a pond on a windless day, underlying demand for spot Bitcoin is stronger than a giant’s handshake. 💪
The metric rises when older coins start moving (hello, long-lost Bitcoins!) and falls when long-term holders hoard like squirrels with acorns. 🌰 So, is the bull cycle still intact? Only time will tell, but for now, grab your popcorn and enjoy the show! 🍿
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2025-12-07 15:06