Bitcoin Cash (BCH) Price Prediction 2023, 2024, 2025-2030
Bullish BCH price prediction for 2023 is $220.9 to $308.1
Bitcoin Cash (BCH) price might reach $350 soon.
Bearish BCH price prediction for 2023 is $102.5.
In this Bitcoin Cash (BCH) price prediction 2023, 2024-2030, we will analyze the price patterns of BCH by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
Bitcoin Cash (BCH) Current Market StatusWhat is Bitcoin Cash (BCH)?Bitcoin Cash (BCH) 24H Technicals
Bitcoin Cash (BCH) Support and Resistance LevelsBitcoin Cash (BCH) Price Prediction 2023 — RVOL, MA, and RSIBitcoin Cash (BCH) Price Prediction 2023 — ADX, RVIComparison of BCH with BTC, ETHBITCOIN CASH (BCH) PRICE PREDICTION 2024, 2025, 2026-2030CONCLUSIONFAQ
Bitcoin Cash (BCH) Current Market Status
Current Price
$192.79
24 – Hour Price Change
2.96% Up
24 – Hour Trading Volume
$165,637,089
Market Cap/>
$3,756,915,553
Circulating Supply
19,484,669 BCH
All – Time High
$4,355.62 (On Dec 20, 2017)
All – Time Low
$75.08 (On Dec 15, 2018)
BCH Current Market Status
(Source: CoinMarketCap)
What is Bitcoin Cash (BCH)
TICKERBCHBLOCKCHAINBitcoin CashCATEGORYAltcoinLAUNCHED ONAugust 2017UTILITIESGovernance, security, gas fees & rewards
Bitcoin Cash is a peer-to-peer electronic money system that aims to become a trusted global currency with fast payments, micro-commissions, privacy, and high transaction capacity. Just as physical money, such as dollar bills, is transferred directly to the recipient, Bitcoin Cash payments are sent directly from person to person.
Bitcoin Cash (BCH) is a form of cryptocurrency very similar to Bitcoin. In fact, Bitcoin Cash is a fork of Bitcoin due to the split of the chain where a certain group of Bitcoin developers is not satisfied with the general direction of Bitcoin’s scalability.
Bitcoin Cash 24H Technicals
(Source: TradingView)
Bitcoin Cash (BCH) Price Prediction 2023
Bitcoin Cash (BCH) ranks 18th on CoinMarkBCHap in terms of its market capitalization. The overview of the Bitcoin Cash price prediction for 2023 is explained below with a daily time frame.
BCH/USDT Horizontal Channel Pattern (Source: TradingView)
In the above chart, Bitcoin Cash (BCH) laid out a horizontal channel pattern. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contract points. This is because it needs at least two lows to connect, as well as two highs. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. The longer the horizontal channel, the stronger the exit movement will be. There is frequently a price on the channel after exit. the exit often occurs at the fourth contact point on one of the horizontal channel’s lines.
At the time of analysis, the price of Bitcoin Cash (BCH) was recorded at $192.79. If the pattern trend continues, then the price of BCH might reach the resistance levels of $16.31, $311.6, and $1010.1. If the trend reverses, then the price of BCH may fall to the support of $176.2, and $98.3
Bitcoin Cash (BCH) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Bitcoin Cash (BCH) in 2023.
BCH/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as the resistance and support levels of Bitcoin Cash (BCH) for 2023.
Resistance Level 1$220.9Resistance Level 2$308.1Support Level 1$164.4Support Level 2$102.5
BCH Resistance & Support Levels
Bitcoin Cash (BCH) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin Cash (BCH) are shown in the chart below.
BCH/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Bitcoin Cash (BCH) market in 2023.
INDICATORPURPOSEREADINGINFERENCE50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $236.5Price = $188.4
(50MA > Price)Bearish(Downtrend)Relative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions30.85
<30 = Oversold
50-70 = Neutral>70 = OverboughtOversoldRelative Volume (RVOL)Asset’s trading volume in relation to its recent average volumesBelow cutoff lineWeak Volume
Bitcoin Cash (BCH) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of Bitcoin Cash (BCH) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
BCH/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Bitcoin Cash (BCH).
INDICATORPURPOSEREADINGINFERENCEAverage Directional Index (ADX)Strength of the trend momentum23.8Weak TrendRelative Volatility Index (RVI)Volatility over a specific period42.02
<50 = Low
>50 = HighLow Volatility
Comparison of BCH with BTC, ETH
Let us now compare the price movements of Bitcoin Cash (BCH) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs BCH Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of BCH is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of BCH also increases or decreases respectively.
Bitcoin Cash (BCH) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Bitcoin Cash (BCH) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
Year Bullish Price Bearish PriceBitcoin Cash (BCH) Price Prediction 2024$360$109.5Bitcoin Cash (BCH) Price Prediction 2025$380$110Bitcoin Cash (BCH) Price Prediction 2026$410$113Bitcoin Cash (BCH) Price Prediction 2027$450$116Bitcoin Cash (BCH) Price Prediction 2028$480$120Bitcoin Cash (BCH) Price Prediction 2029$500$129Bitcoin Cash (BCH) Price Prediction 2030$550$135
Conclusion
If Bitcoin Cash (BCH) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Bitcoin Cash (BCH) price prediction for 2023 is $308.1. Comparatively, the bearish Bitcoin Cash (BCH) price prediction for 2023 is $102.5.
If there is a positive elevation in the market momentum and investors’ sentiment, then Bitcoin Cash (BCH) might hit $350. Furthermore, with future upgrades and advancements in the Bitcoin Cash ecosystem, BCH might surpass its current all-time high (ATH) of $4,355.62 and mark its new ATH.
FAQ
1. What is Bitcoin Cash (BCH)?
Bitcoin Cash is a peer-to-peer electronic money system that aims to become a trusted global currency with fast payments, micro-commissions, privacy, and high transaction capacity.
2. Where can you buy Bitcoin Cash (BCH)?
Bitcoin Cash (BCH) has been listed on many crypto exchanges which include Binance, Coinbase, KuCoin, Kraken and more.
3. Will Bitcoin Cash (BCH) record a new ATH soon?
With the ongoing developments and upgrades within the Bitcoin Cash platform, Bitcoin Cash (BCH) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Bitcoin Cash (BCH)?
Bitcoin Cash (BCH) hit its current all-time high (ATH) of $4,355.62 on Dec 20, 2017.
5. What is the lowest price of Bitcoin Cash (BCH)?
According to CoinMarkBCHap, BCH hit its all-time low (ATL) of $75.08 on Dec 15, 2018.
6. Will Bitcoin Cash (BCH) hit $350?
If Bitcoin Cash (BCH) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $350 soon.
7. What will be the Bitcoin Cash (BCH) price by 2024?
Bitcoin Cash (BCH) price might reach $360 by 2024.
8. What will be the Bitcoin Cash (BCH) price by 2025?
Bitcoin Cash (BCH) price might reach $380 by 2025.
9. What will be the Bitcoin Cash (BCH) price by 2026?
Bitcoin Cash (BCH) price might reach $410 by 2026.
10. What will be the Bitcoin Cash (BCH) price by 2027?
Bitcoin Cash (BCH) price might reach $450 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Filed under: Bitcoin - @ August 24, 2023 5:19 am