The post Why Have Bitcoin Cash Investors Joined New Viral Meme Panshibi (SHIBI) & Is The 200x Prediction Over The Top Or Not? appeared on BitcoinEthereumNews.com.

Following the latest Bitcoin news, several altcoins, especially those closely related to the token, have started recovering from the price drop that has haunted them since the beginning of 2025. For instance, Bitcoin Cash (BCH), which recently experienced significant bearish momentum, saw a 25% recovery in February.  While this positive sentiment raises speculations, smart BCH investors are gravitating to a 200x star: Panshibi. This surprising move can be seen as a safe way to ensure steady returns without relying solely on Bitcoin Cash’s volatility. Several market participants are racing to participate in Panshibi’s presale, as its current Stage 3 pricing reaches $0.004.  This text explores Panshibi’s 200x potential and why Bitcoin Cash investors are betting on its growth possibilities. Bitcoin Cash recovers despite a 40% slump in February. Since the beginning of 2025, Bitcoin Cash has been in a pronounced downtrend, and its holders are increasingly frustrated. Crypto experts have marked the bearish phase of Bitcoin Cash with a five-wave Elliott Wave pattern, leading to its price resurgence. The last wave, which touched near $444, completes this potential move on the Bitcoin Cash price chart.  This coincides with rejection from descending trendline resistance, reinforcing bearish pressure. Currently, the Bitcoin Cash price is hovering around $332 as it started recovering from its recent price slump. However, analysts can still see further decline despite the wick on the daily chart, signaling that strong support has been found.  The RSI, a major technical indicator that measures traders’ sentiment, has entered oversold territory, suggesting potential for a brief upward movement. Despite this, the momentum remains bearish, with strong resistance around $397, signaling a retracement from the larger wave structure. This suggests that any bullish attempts in the Bitcoin Cash price may face several hurdles unless a decisive breakout happens. On the bright side, since…

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Filed under: News - @ February 13, 2025 1:22 pm