Hello!
There are a lot of bearish sentiment (sounds actually like a buying opportunity - buy low sell high). However, is it justified? As long as it does not make new lows (all time low is 75 dollars) and it keeps making higher highs (previous high November 24th was 371.70 usd/bch on bitstamp and the most recent one a couple days ago at exactly 380 usd/bch on bitstamp). It rises slowly but surely. Over time it will accelerate because it is the mechanics of the markets. When people will catch the trend, they will jump in and it goes up in steeper slope, which attracts new people in and the slope gets even steeper until it over heats and we will have a blow off top.
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source https://www.reddit.com/r/btc/comments/kj4q73/bitcoin_cash_is_bullish/
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