Bitcoin Cash (BCH) is one of the oldest and most well-known digital currencies that trade every crypto exchange. Bitcoin cash began its journey when it was forked from Bitcoin in 2017. You can easily buy Bitcoin Cash. But are you ready for this? It’s time Bitcoin Cash steals the show from Bitcoin like in 2017. Look at this prolonged cup and handle formation, which targets $10-20k per BCH.
Today’s Bitcoin Cash price is $186.05 with a 24-hour trading volume of $2,521,971,999. Bitcoin Cash is down 7.39% in the last 24 hours. The current CoinMarketCap ranking is #24, with a live market cap of $3,548,436,315. It has a circulating supply of 19,071,988 BCH coins and a max. supply of 21,000,000 BCH coins.
Let’s look at Bitcoin Cash fundamentals to know more about BCH and determine whether to include the coin in your crypto portfolio.
Bitcoin Cash is one of the most popular Bitcoin blockchain forks wherein the transaction cost is low. Since then, Bitcoin Cash’s value has reached an all-time high of $4,000 during the 2017 bull run.
Observers noted that Bitcoin Cash also does not have a clearly-defined governance protocol. While other cryptocurrencies, such as Dash and VeChain, have innovated and outlined detailed governance protocols that assign voting rights, the development and design of Bitcoin Cash seem to be centralized with its development teams. Let’s know more about the Bitcoin Cash price prediction, history, & future of Bitcoin cash.
In this Bitcoin cash (BCH) price forecast article, we will try to look at the future price of BCH using popular forecasts and solutions and if it is a profitable investment for you.
What is Bitcoin Cash?
Bitcoin Cash cryptocurrency was created due to a hard fork from the Bitcoin network in 2017. Due to a rise in popularity of Bitcoin among investors, its network got congested, sparking debates on how to solve this issue.
The idea of increasing block size limits was proposed. However, this caused a divide in the developer and miner community, which resulted in a new blockchain being split from the existing Bitcoin blockchain.
Therefore, the Bitcoin Cash blockchain was created and distributed to every BTC holder for free.
Later, in 2018 Bitcoin Cash had another fork, resulting in the creation of Bitcoin Cash and Bitcoin SV. Additionally, in 2020 a second major hard fork created Bitcoin Cash ABC.
Bitcoin ABC and Bitcoin SV did not manage to gain much popularity. However, these coins are still available on practically every major cryptocurrency exchange.
Since its creation in 2017, Bitcoin Cash has seen a market cap of over $60 billion during the 2017 bull run. Right now, it trades just below the $10 billion caps after finding minimum value support at $200 last year.
After that, it had regained some bullish momentum and returned above $1,000 in May. Bitcoin Cash price is equal to $577.
Like Bitcoin mining, the Bitcoin Cash network uses something called ASIC miners to validate network transactions in mining, with various Bitcoin miner pools distributed across the world.
Due to increased block size, BCH is harder to mine since it requires more energy per block.
Additionally, BCH was the first of all cryptocurrencies to introduce and effectively test the Segregated Witness (SegWit) upgrade, which separates the transaction data to allow more transactions to be sent at once.
Another advantage that BCH has over Bitcoin is developing smart contracts by using CashScrypt.
Bitcoin Cash Overview
Bitcoin Cash Overview
|Coin||Symbol||Price||Marketcap||Change||Last 24h||Supply||Volume (24h)|
||BCH||$ 188.36||$ 3.59 B||1.95%||19.08 M||$ 155.70 M|
Bitcoin Cash Price History
Bitcoin Cash currency traders have seen massive volatility over the past weeks. However, firstly, let’s look at what happened to the BCH value over the past years.
As we can see on the long-term chart, the coin price increased to $4,000 during the bullish trend in 2017.
A further downside was quickly rejected.
Over the first weeks of 2018, the BCH price moved significantly lower with the Bitcoin price until support was found at the $600 mark.
BCH regained some of the retracement and reached a local several-day price high of $1,800.
Over the second half of 2018, the Bitcoin Cash forecast price became even more bearish as analysts predicted a complete crash. At the end of 2018, the lowest point was finally reached at $62.
A brief push higher followed, with a further consolidation range established between the $200 support and $450 resistance, where the coin spent the second half of 2019 and 2020.
On the technical chart for BCH over the past year, we saw that the price action had turned bullish after breaking through resistance around $36 at the end of 2020.
The price of the cryptocurrency asset saw an increased demand that led to a test of the $600 mark. BCH/USD retraced and retested the $360 previous resistance as support.
After some consolidation, the crypto market reversed and started moving higher in February.
After several weeks of bullish momentum, a new high of around $750 was reached, meaning a clear medium-term higher high was made.
In May, the entire cryptocurrency market was at its peak, and BCH crossed $1,000. Cryptocurrencies like bitcoin cash, bitcoin, and litecoin boosted in early October when US Bank, the country’s fifth-largest retail bank, first offered a cryptocurrency custody service with assistance from sub-custodian NYDIG for fund managers to store their private keys.
Later in October, a leading provider of ETFs launched the first Bitcoin-linked service in the US. Called Pro Shares Bitcoin Strategy ETF (BITO), it gives investors the chance to take their bitcoin returns through a brokerage account.
The volatility of coin pricing was demonstrated in November 2021 when a fraudulent press release stating that supermarket major Kroger would accept the coin during the holiday season caused a price spike of 4% in 15 minutes.
Is this recent dip an opportunity to buy into the cryptocurrency before it resumes its upward trend, or is there potential for the price to fall further?
The last 24 hours. The current CoinMarketCap ranking is #27, with a live market cap of $5,718,377,944 USD. It has a circulating supply of 18,999,144 BCH coins and a max. supply of 21,000,000 BCH coins.
The current CoinMarketCap ranking is #24, with a live market cap of $3,782,071,969. It has a circulating supply of 19,070,862.50 BCH coins and a total supply of 21,000,000 BCH coins.
Bitcoin Cash Technical Analysis
Bitcoin Cash has been moving upward and is, therefore, more volatile. The price broke through the 50 and 100-hour MAs and 200 Moving Averages on the 30-minute timeframe. In addition, the 50-day moving average of BCH has crossed above its 100-day moving average in the same timeframe, suggesting that a short-term recovery may be in progress.
If Bitcoin Cash continues to sustain its price dynamics above the highlighted support level, the cryptocurrency could move higher toward the resistance level.
Bitcoin Cash Price Predictions by Authority Sites
According to the Bitcoin price predictions from TradingBeasts obtained from a combination of historical data, polynomial, and linear regressions, BCH is forecasted to reach a maximum price of $234.328, a minimum level of $159.343, and an average coin price of $187.462 by year-end.
The projected trading range for 2023 is $114.137 to $261.670, and by 2024, they expect BCH to reach a maximum price of $376.796 – an 86% price gain from its current market status. Their Bitcoin Cash price prediction for 2025 is bullish, and the crypto is expected to end the year at an average coin price of $364.552, a minimum price of $309.869, and a maximum market value of $455.690.
As per the Bitcoin Cash Price Prediction from longforecast, they expect the market value of BCH to fall by 32 – 41% by December 2022, meaning that the coin could be trading between $115 to $133 per unit.
For 2023, Longforecast projects that the price of BCH could be trading for as low as $95 and as high as $246. The maximum price for 2024 is $285, and the minimum predicted price of the coin is $147. A bearish run is forecasted for 2025 and 2026, and Bitcoin Cash could dip to as low as $56.
The Bitcoin Cash price prediction from PricePrediction is very optimistic, as they expect BCH to recapture its current ATH within the prediction period. The minimum price level in 2023 is $393, the average price equals $407, and the maximum expected price is $476.
A maximum price of $980 is forecasted for 2025, and by 2027, BCH could soar as high as $2100. They expect Bitcoin Cash to go past its current all-time high by 2028, with an average price of $2,741 and a peak price level of $3117. By 2030, the forecasted minimum price is $5916, the average price equals $6,077, and the maximum price equals $6909.
|Year||A minimum price ($)||Average price ($)||Maximum price ($)|
Bitcoin Cash (BCH) Price Prediction 2022
Our technical and fundamental analysis suggests that Bitcoin Cash will experience a significant price increase in 2022. Our Bitcoin Cash price prediction models indicate that the coin will reach a maximum price of $275.26, an average price of $259.27 during the year, and a minimum price of $240.48 by the year.
Bitcoin Cash Price Prediction 2023
As per our Bitcoin Cash price prediction, we expect the price of bitcoin cash to fluctuate between $256.23 and $338.11 over the year 2023. If the bullish trend persists, we may see a minimum price of $265.27 and an average price of $312.21.
Bitcoin Cash Price Prediction 2024
A minor price correction is expected for Bitcoin Cash in January 2024, which would see the BCH price hit $239.43. Our analysis predicts the movement of Bitcoin Cash to a maximum of $412.74 in mid-year 2024. In general, an upward trend is expected for BCH in 2024, so the BCH price prediction for 2024 projects a minimum price of $358.08 and an average of $310.57.
BCH Price Prediction 2025
The BCH price prediction indicates that the price of Bitcoin Cash is expected to cross the level of $403.32 by the end of the year. At a minimum, Bitcoin Cash is expected to reach a price of $340.44 by the end of this year. It is also possible for BCH’s price to reach a maximum of $460.54 by December 31st.
Bitcoin Cash Price Prediction 2026 and beyond
According to our Bitcoin price prediction for 2026, BCH will experience a minor retracement during the year, with a price range of $315.52 to $429.58. By 2030, the price may reach as high as $920.91.
Bitcoin Cash Price Prediction by Industry Experts
The future price of Bitcoin Cash is difficult to predict, as different analysts hold different points of view. Some experts think it has excellent growth potential in a world where digital payment methods and cryptocurrencies are gaining popularity.
According to an analysis by “The Wolf of Trading,” a further downside of about 50% is expected for Bitcoin over the coming months, which will consequently pull down the price of Bitcoin Cash to about 40–50$.
What is the future of Bitcoin Cash?
Bitcoin Cash was created to be the next version of Bitcoin, but it hasn’t developed quickly enough; it’s now treated more as an asset than a currency. The crypto has performed excellently well in the past, reaching a maximum market value of $4,355.62 in December 2017. If the market sentiment favors Bitcoin Cash, accompanied by further functional developments in the ecosystem, BCH could recapture its ATH and reach newer heights in the coming years.
Currently, Bitcoin Cash ranks 24th in market capitalization. We expect an uptrend to continue over the next five years as additional features are added to the original protocol. Several developers have begun using the CashScrip protocol for smart contracts, boosting the appeal of this coin as an investment.
Despite the overall positive outlook of our Bitcoin Cash prediction, there are still several issues investors should consider. Regulation is a significant factor most experts agree will affect cryptocurrency prices soon.
Nevertheless, Bitcoin Cash may avoid scrutiny if it remains a highly popular cryptocurrency. If investors are willing to hold Bitcoin Cash for the long term, our predictions indicate that they can make the most of this investment opportunity.
If you want to buy BCH, it’s worth checking out some of its top cryptocurrency platforms. Some of these include Binance, Coinbase, Huobi Global, and eToro. We strongly advise you to conduct your research and analysis before investing in cryptos. It’s important to understand that the crypto market is a high risk zone, and crypto traders are susceptible to losing money rapidly. Never invest more than you can afford to lose.
FAQs on Bitcoin Cash
What is the bitcoin cash forecast for 2025?
According to our Bitcoin Cash forecast for 2025, the coin could be worth between $340 to $405.
What will bitcoin cash be worth in 2030?
A peak price of about $1,000 is expected in 2030. Investors who key in now might be able to sell bitcoin cash for massive profits in the future.
Will Bitcoin Cash (BCH) price crash? Or will it go to the moon?
The fundamentals of BCH are strong, and its adoption as a payment method has grown over the years. The coin will most likely not crash.
Is Bitcoin Cash a good investment?
Bitcoin Cash could be a potentially good investment in the long term, depending on where the market goes.
Will Bitcoin Cash go up?
The previous bull run of Bitcoin Cash (BCH) saw the digital asset increase 18 times in value, earning it a place in the top ten cryptocurrencies by market capitalization. With BCH now trading around $200, there is potential to see similar price development.