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Bitcoin Cash May Be Frontrunning the Aggregated Altcoin Market

#1
Currently, Bitcoin Cash is trading up 2% at its current price of $341, which marks a decent climb from daily lows of $325, and only a slight drop from highs of $350.
Over a one-week period it is clear that the crypto is firmly being controlled by bulls, as it is up from lows of $275. Its rise from these lows has come about against a backdrop of bullishness seen by Bitcoin and other major altcoins, but BCH has been generally outperforming the markets.
One interesting factor that should be noted is that BCH appears to be frontrunning the aggregated crypto markets, meaning that altcoin traders can get hints as to where other cryptos will trend based on Bitcoin Cash’s price action.
“MAJORS UPDATE: ONE MONTH LATER, AND NOTHING’S CHANGED. • $BCH CONTINUES TO LEAD: +60% (5 UP IMPULSES) • $LTC FOLLOWING: +20% (4 IMPULSES) • $ETH FINALLY: +10% (3 IMPULSES). CROSS COIN CORRELATION IS AN EXTREMELY POWERFUL METHOD WHEN IT COMES TO ALTS, MAJORS PARTICULARLY,” HSAKA, A POPULAR CRYPTO ANALYST, EXPLAINED IN A TWEET FROM THIS WEEKEND.
Is BCH Signaling That the Markets Are About to Rally?
Bitcoin Cash has also formed a striking correlation to Bitcoin SV throughout 2020, with the two cryptocurrencies incurring similar price action – albeit seeing different magnitudes of gains.
“I WONDER WHY $BCH AND $BSV HAVE THE EXACT SAME CHART. IT’S ALMOST CREEPY HOW SIMILAR THESE MOVEMENTS ARE. PERFECTLY TIMED,” DONALT, ANOTHER POPULAR ANALYST, EXPLAINED.

Because Bitcoin SV is trading up 9% currently and is attempting to spark yet another parabolic upswing, it is a strong possibility that BCH will do the same and drag the altcoin markets up with it.
Bitcoin Cash, currently ranked #4 by market cap, is up 3.88% over the past 24 hours. BCH has a market cap of $6.26B with a 24 hour volume of $4.29B.
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