The performance of BCH over the past two years has indeed been worrying. Looking back, in the history of the crypto world, it once surged to a high of 4500 USD, and the more recent peak was around 1600 USD. What about the current price? It has already been halved.

Honestly, from a technical perspective, it's difficult to even return to 1600 USD, let alone break through the all-time high. Every rebound seems weak, as if making a final struggle. The market isn't giving it that opportunity.

Some still talk about the story of pulling back to 4500 USD, but I can only say that's dreaming. Those glorious days are now history, and today's BCH is no longer the main player it once was. Funds have flowed elsewhere, and this coin's appeal is no longer what it used to be. The main reason for being bearish is that there's no sign of a reversal.