Will this trend continue upwards?
Based on the information i found it seems like we have two main reasons for the trend to continue.
this is why i turn more towards Yes... at least to mid-May and this is why i think so.
1) We are approaching another hardfork this time the blocks are increased to 32mb from 8 mb blocks.
This will only be a temporary solution until traffic becomes higher and the blocks need to be increased again.
2) Antpools black hole address. where they send 12% of minings rewards to be burned.
Antpool announced that the main reason behind the coin burn is the increasing popularity and demand for the coin. witch does not make sense to me. Due to the limited number of coins (21 million). there is no need to reduce the amount unless you want the coins to jump in value faster.
what should we do with this information here?
Thats up to you, I am going to buy some more BCH that am going to sell off for some profit on May 15 or the day before. It tends to be many who buy in before a hardfork to get free crypto.
Always do your own research before investing take care and steem on !!
Source:
[link1](https://coindar.org/en/coin/bitcoin-cash)
[picture](https://www.google.com/search?client=firefox-b-ab&tbm=isch&q=bch&chips=q:bch,online_chips:bch+logo&sa=X&ved=0ahUKEwjfrKXSgtPaAhVHfywKHQN5CRsQ4lYILCgE&biw=1280&bih=607&dpr=1.5#imgdii=q-miOyddNa0aIM:&imgrc=nqK-_Gsf7IKmwM:)