Bitcoin Cash (BCH) is a cryptocurrency that is running on the Bitcoin blockchain. It was created on August 1, 2017 when the miners and the developers of the Bitcoin Cash project forked off from the original Bitcoin blockchain. The main objective of the Bitcoin Cash project is to make the Bitcoin blockchain more scalable and more decentralized.
The red-hot Bitcoin Cash (BCH) has gained more than 100% in value over the past 30 days, hitting an all-time high of $3,484 USD per BCH on August 30. This has led to massive interest in Bitcoin Cash, which has led to a boom in new users.
In this post, we provide Bitcoin Cash price prediction for 2018 and 2019. In this year, Bitcoin Cash price prediction is expecting to grow up to 62.08% in USD and this may be good opportunity to invest in.. Read more about bitcoin cash price prediction 2030 and let us know what you think.
Since its split from Bitcoin in 2017, Bitcoin Cash (BCH) has become one of the most well-known and widely traded digital currencies, trading on almost every crypto market. During the 2017 bull run, the value of Bitcoin cash has risen to an all-time high of $4,000.
We will attempt to predict the future price of BCH in this post utilizing common forecasts and solutions.
All-time BCH performance Coinmarketcap is the source of this information.
Most of the gains made in previous years were lost in 2018, when the market experienced a significant reversal and finished the year below $100.
Bitcoin Cash’s value has risen to $435 at the time of writing, with a total market capitalization of over $8 billion, as BCH quietly but steadily prepares for the future.
BCH’s current value Tradingview is the source of this information.
The currency is presently attempting to break out of the upper end of the Bollinger Bands, according to the current technical analysis of the 4-hour chart of BCH.
The cryptocurrency is presently trading far below the 50-day and 100-day moving averages, as can be observed. The coin must move over the 50-day and 100-day moving averages to be deemed a bullish situation.
Analysis of BCH Tradingview is the source of this information.
Even in this negative trend, trading volume reached approximately $1,160,356,738.09, indicating that it is one of the most frequently traded cryptocurrency assets on the market.
As a result, BCH is deserving of its place among the top 20 cryptocurrencies. BCH is rated number 12 in the market with a current supply of 18,796,088 BCH coins and a maximum supply of 21,000,000 BCH coins.
As a result, let’s take a deeper look at Bitcoin Cash’s price forecast for the next several years.
What is Bitcoin Cash, and how does it work?
In 2017, a hard split from the Bitcoin network resulted in the creation of the Bitcoin Cash cryptocurrency. Bitcoin’s network became clogged as its popularity among investors grew, prompting arguments over how to address the problem.
It was suggested that block size restrictions be increased. However, this created a schism within the development and mining communities, resulting in the creation of a new blockchain separate from the current Bitcoin network.
As a result, the Bitcoin Cash blockchain was established and freely distributed to all BTC holders. Bitcoin Cash had another split in 2018, resulting in the establishment of Bitcoin Cash and Bitcoin SV. A second significant hard split, Bitcoin Cash ABC, was formed in 2020.
Bitcoin ABC and Bitcoin SV did not acquire a lot of traction. Both coins, however, are still available on almost every major cryptocurrency exchange.
During the 2017 bull run, Bitcoin Cash’s market value grew to nearly $60 billion since its inception in 2017. After establishing minimal value support around $200 last year, it is now trading slightly below the $10 billion limits.
Following that, it recovered some bullish momentum and rebounded above $1,000 in May. It is now trading at $435.
The Bitcoin Cash network, like Bitcoin, utilizes ASIC miners to verify network transactions in a process known as mining, with different Bitcoin miner pools located around the globe. BCH is regarded to be more difficult to mine because to its larger block size, which requires more energy each block.
BCH was also the first cryptocurrency to implement and successfully test the Segregated Witness (SegWit) update, which divides transaction data to enable for more transactions to be transmitted at the same time. Another benefit of BCH over Bitcoin is the ability to use CashScrypt to create smart contracts.
Overview of Bitcoin Cash
Overview of Bitcoin Cash
a large number (24h)
$ 8.11 B
$ 3.04 B
Bitcoin Cash Network & Signals
SCORE OF THE GALAXY
By combining performance metrics across markets and social interaction, the Galaxy Score determines how healthy a currency is. Shows the Galaxy Score of any coin in real time.
History of Bitcoin Cash prices and technical analysis
Over the last several weeks, Bitcoin Cash currency dealers have witnessed a lot of volatility. But first, let’s take a look at what happened to the price of BCH in recent years. The coin price hit $4,000 during the bull run in 2017, as seen on the long-term chart.
Another disadvantage was immediately dismissed.
The price of BCH fell sharply in tandem with the price of Bitcoin in the early weeks of 2018, until it found support around $600.
BCH then recovered part of the retracement and climbed to a local multi-day high of $1,800. The Bitcoin Cash prediction price grew even more pessimistic in the second half of 2018, as experts anticipated a total collapse. The lowest point was ultimately achieved at $62 by the end of 2018.
Following that, the currency made a short push higher before settling into a new consolidation range between $200 to $450, where it spent the second part of 2019 and 2020.
On the technical chart for BCH over the last year, we can see that after breaking through resistance around $36 towards the end of 2020, the price movement has turned positive once more. The price of the digital asset rose in response to increasing demand, reaching a high of $600. BCH/USD then retraced and retested the prior barrier of $360 as support.
Historical study of BCH Tradingview is the source of this information.
In February, the crypto market turned and began heading upward after some consolidation. After many weeks of bullish momentum, a fresh high of approximately $750 was achieved, signaling the formation of a definite medium-term higher high.
Following that, in May, the whole cryptocurrency market reached its apex, with BCH crossing $1,000.
As a result, the future price of Bitcoin Cash seems positive, and we may raise the projected Bitcoin Cash price for this year to above $1,800, where prior significant resistance was met. This is, however, just a guess and not specific financial advice.
What can we anticipate from the price of Bitcoin Cash?
Overall, we anticipate a maximum price of $4,000 for this year, since the negative cycle is likely to continue for a few weeks now that Bitcoin has invalidated the Wyckoff distribution pattern.
However, since there is a lot more institutional investment this time, it’s difficult to make a precise forecast. Despite the global crackdown on the crypto sector and exchanges like Binance, too many whales are going into cryptocurrency.
We may expect comparable gains this time if we consider that BCH rose from $250 to $4,000 during the last bull run. Last year, BCH found support around the $200 level, suggesting that Bitcoin Cash may follow a similar path.
The total altcoin and BTC price growth over the next year will determine a large portion of future profits. The digital currency is most likely to follow the rest of the market. Bitcoin is now surrounded by a slew of regulatory concerns.
The good news was that Tesla was considering resuming Bitcoin payments. It means the market will eventually stabilize and rise to new heights.
The price of Bitcoin Cash is expected to rise in the near future.
We anticipate the same for BCH/USD forecasts as we see positive Bitcoin price predictions for the end of the year from every major expert. However, Bitcoin Cash has not fared as well as the rest of the cryptocurrency market so far.
Overall, the price forecast varies from bearish to optimistic, and future price predictions are mainly dependent on which variables are included. So, let’s take a look at some of the most widely held forecasts.
Bitcoin Cash Price Prediction by TradingBeasts
Analysts such as crypto base and PrimeXBT are optimistic on Bitcoin cash’s price, but the Trading Beasts haven’t changed their price forecasts because to limited sample sizes.
Bitcoin Cash Price Prediction on Crypto Ground
Bitcoin Cash’s price is expected to rise, according to Crypto Ground. The one-year forecast for Bitcoin Cash is $711.5026, implying that it will rise this year. However, they are optimistic for the next five years, predicting a peak price of $3,144.6507.
Bitcoin Cash Price Prediction by PrimeXBT
PrimeXBT predicts a similar goal for 2025, with a minimum price of $5,000 and a maximum price of $12,000, implying a highly harsh and unpredictable movement in the next years. The price of BCH/USD is expected to rise between $500 to $4,000 this year, implying that we will witness significant price increases.
By 2022, it may reach a high of $2,000 and a low of $1000, with a price range of $2,500 to $3,500 predicted for 2023.
Source: PrimeXBT BCH price for 2021 Source: PrimeXBT BCH price for 2022-23 Source: PrimeXBT BCH price for 2024-45
On the price of Bitcoin Cash, according to Wallet Investor
The price of Bitcoin Cash has been declared by a wallet investor. According to the website, the currency will reach $672.675 by 2022, while the price of Bitcoin Cash will be approximately $1587.260 by the end of five years.
Wallet Invest’s short-term BCH prediction
On the pricing of Bitcoin Cash, Digital Coin
Bitcoin Cash’s price may rise to $587.06 by the end of 2021, $837.62 by 2022, and $1,028.84 by the end of 2023, according to Digital Coin pricing. A further price fluctuation by the end of 2028 shows the maximum value of $2,159.86.
Future BCH pricing provided by Digital Coin
BCH price prediction for the future
Longforecast is pessimistic about the price of BCH, predicting a negative result in its long-term forecast for the cryptocurrency. BCH is expected to trade in the $313-387 area through December 2021, according to Longforecast.
Longforecast is the source of this information.
While the majority of experts have projected a positive result for the coin’s value, Longforecast has forecasted a negative conclusion.
Bitcoin cash price prediction by CryptoRating
CryptoRating’s BCH forecasts have been erratic. The current CVIX is about 57 and is beginning to turn red. It’s critical for traders to prepare for the effect, as the Bitcoin cash market will be eaten by bears, resulting in extreme volatility.
Bitcoin Cash is now trading at $431.45, up 3.51 percent over the past 24 hours. Bitcoin Cash’s price has dropped -5.44 percent in the last 30 days, but its 1-year gains total 74.83 percent. Volatility expectations over the next 10-15 days are at their greatest levels.
is predicting the price of Bitcoin Cash in the year 2021.
Overall, Bitcoin Cash is still one of the most well-known cryptocurrencies, and it can be traded on almost every cryptocurrency platform. It now trades below $500 and has risen beyond the entire value of $8 billion, indicating that positive momentum has reclaimed control of the cryptocurrency after many years of sluggish movement.
As a result, we have a positive price forecast for Bitcoin Cash for 2021, with the expectation that it will hit $1,800 by the end of the year. However, it relies on the general mood for cryptocurrencies in the next months, as it usually does.
What does Bitcoin Cash’s future hold?
Bitcoin Cash is now placed in the top 20 (at number 12), and we anticipate its price to continue to rise in the next years. Several more capabilities, such as smart contracts, are gaining momentum among CashScrip protocol developers on the blockchain.
We should expect a bright future for this coin if the present popularity of smart contracts continues and the network continues to operate normally. There is a possibility that the coin may rise in the coin rankings.
Price forecast for Bitcoin Cash in 2025
Bitcoin Cash is expected to surpass $4,000 in 2025, according to the current price forecast. As previously stated, many other price prediction publications have suggested even higher price goals, while others are more cautious and anticipate a sideways market in the next years.
Overall, we are optimistic on Bitcoin Cash price forecasts. From a technical perspective, we can observe that BCH/USD is recovering its positive momentum based on recent market movements.
Right now, Bitcoin Cash has to be a driving force to break over the local high point of $1200, from which a fast advance towards the next big obstacle, around $1,800, is possible.
Alternatively, if global crypto prices begin to stagnate, Bitcoin Cash may continue to move sideways over the next several years, like it did in 2019 and 2020, retaining its market value.
BCH will begin to gain traction between 2021 and 2023, propelling it to a price of over $1,000 in the following five years. As a result, purchasing and holding for the long term is a wise investment strategy. BCH is BCH ABC’s parent currency and is well ahead of it.
It’s worth noting that the figures for Bitcoin Cash price forecasts, or any other cryptocurrency, are derived using various criteria. As a consequence, the accuracy of their algorithms may vary in the analysis results.
The cryptocurrency market is highly volatile, therefore traders should do extensive study before investing in Bitcoin Cash, BTC, Ethereum, or any other cryptocurrency.
It is critical that you thoroughly study any item you want to purchase. BCH is available on all major exchanges, including Binance, Coinbase, and ByBit. All of these sites can assist you in purchasing BCH using fiat currency.
Also, since the crypto industry is extremely volatile, you should do your own study and not accept our forecast as financial advise. There is a risk that you may easily injure yourself. You must invest in technologies that you understand and are familiar with. It is critical to collect all of the essential information on each coin before making an investment.
Disclaimer: The material on this website is not intended to be trading advice, and.com assumes no responsibility for any investments made as a result of the information on this page. Before making any financial choices, we highly advise doing independent research and/or consulting with a competent expert.
Bitcoin Cash price has been trading above the $1,000 resistance for the past several days, and the BTC price is expected to follow suit. The Bitcoin Cash price is up almost 200% year to date and it is poised to gain more gains when the bears start to weaken and it climbs above the $1,000 barrier.. Read more about bitcoin cash price prediction in rands and let us know what you think.
Frequently Asked Questions
What will Bitcoin Cash be worth in 2025?
Bitcoin Cash is a fork of the original Bitcoin blockchain. It will be worth about $2,000 in 2025.
Is Bitcoin Cash a good investment 2020?
Bitcoin Cash is a cryptocurrency that was created in August 2017. Its market cap is currently $3,814,836,907 USD and it has a circulating supply of 17,622,724 BCH.
What will Bitcoin Cash be worth in 2030?
Bitcoin Cash is currently worth $2,828.
This article broadly covered the following related topics: