I believe that this is a final pump before we touch $2,000 levels. Bitmain is buying a bunch of BCH in order to successfully file for IPO, due to their existing poor earnings report. Some kind of manipulation is occurring right now, and I believe it will not sustain.
it seems like every move bitcoin makes now, people try to blame it on bcash. the market is bigger than bitmain! you guys make it out like the bitcoin market is utterly manipulated, with no organic demand at all.
the bearish sentiment is overwhelming too. we're in the middle of a 30%+ bounce but it's obvious most everyone has sold, never bought back, and expects lower.
Sounds like the perfect time for a recovery then. The large buyers always buy and start the reversal when everyone is running for the hills and calling crazy new bottoms.