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Bitcoin Cash price prediction 2024-2030: Will BCH price go up?

Key takeaways

  • Our BCH predictions anticipate a high of $801.21 by the end of 2024.
  • In 2025, BCH will range between $550.92 and $651.98, with an average price of $556.36.
  • In 2030, BCH will range between $3,891 and $4,757, with an average price of $4,001.

Bitcoin Cash (BCH) is a peer-to-peer cryptocurrency that originated from a hard fork of Bitcoin in 2017, designed to enable faster transactions and lower fees through larger block sizes. As BCH continues to maintain a significant presence in the crypto market, predicting its future price movements is crucial for investors. This prediction will delve into various factors affecting BCH’s value, including market trends, adoption rates, and overall sentiment within the cryptocurrency space, offering insights into its potential future performance.

Overview

CryptocurrencyBitcoin Cash
TickerBCH
Current price$356.66
Market cap$6,892,820,224
Trading volume$227,798,640
Circulating supply19,750,250
All-time high$4,355.62 Dec 20, 2017
All-time low$75.08 Dec 15, 2018
24-hour low$334.58
24-hour high$354.86

Bitcoin Cash price prediction: Technical analysis

MetricValue
Volatility (30-day variation)9.60% 
50-day SMA$ 362.80
200-day SMA$ 417.57
SentimentNeutral
Fear and Greed Index39 (Fear)
Green days12/30 (40%)

Bitcoin Cash price analysis: BCH faces sharp decline, struggles to recover amid selling pressure

TL;DR Breakdown

  • Bitcoin Cash is currently trading at $356.66.
  • The token has decreased by nearly 1.42% in the last 24 hours.

Bitcoin Cash price analysis for August 25 shows the coin experienced a sharp decline from around $363.79 to a low of approximately $354. The chart shows a series of drops, with brief attempts to recover, but the overall trend has been downward. After hitting the low, BCH managed to bounce back slightly, currently trading at $357. This movement suggests that the market is under selling pressure, with buyers struggling to regain control after the significant drop. The price is showing signs of stabilization, but the bearish sentiment remains evident as BCH trades below its earlier levels.

Bitcoin Cash 1-day price analysis: BCH trades at $356.66 after a bearish run

The daily chart for Bitcoin Cash shows a gradual decline in price over the past few hours, with the current price at $356.66, representing a 1.42% drop for the day. The price has been moving within a defined range, encountering resistance around $370 and finding support near $340. The recent candles suggest that while there have been minor recoveries, the overall momentum remains bearish.

BCH/USD 1-day chart: Image source: TradingView

The Bollinger Bands on the chart show that BCH is currently trading near the middle band, which aligns with the 20-day moving average. The bands are slightly contracting, indicating reduced volatility. The RSI is at 53.73, suggesting that BCH is in a neutral zone, neither overbought nor oversold. This neutral RSI level indicates that the price could move in either direction, depending on market forces. 

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BCH/USD 4-hour price chart: Latest development

The 4-hour chart for Bitcoin Cash shows that the price has been trading within a relatively tight range over the past few days. The price recently reached a high of $359.19 before pulling back slightly to $356.66, representing a minor decrease of 1.42% in the latest session.

BCH/USD 4-hour chart: Image source: TradingView

The Bollinger Bands on the chart show that BCH is trading near the middle band, which corresponds with the 20-period moving average. The bands are relatively tight, indicating low volatility. The RSI’s recent trend indicates mild bullish momentum, but given the tight range, the market lacks a strong directional bias.

BCH price analysis conclusion

Bitcoin Cash (BCH) is currently experiencing a period of consolidation, with its price fluctuating within a narrow range between $356 and $369. Despite a slight upward movement, the market remains indecisive, with no clear momentum from either buyers or sellers. The recent price action suggests that BCH is stabilizing, but a significant move in either direction could occur if market conditions shift.

Bitcoin Cash technical analysis: Levels and action

Daily simple moving average (SMA)

PeriodValue ($)Action
SMA 3339.34BUY
SMA 5339.72BUY
SMA 10342.18BUY
SMA 21 350.66SELL
SMA 50 362.80SELL
SMA 100404.37SELL
SMA 200417.57SELL

Daily exponential moving average (EMA)

PeriodValue ($)Action
EMA 3339.61BUY
EMA 5340.02BUY
EMA 10342.22BUY
EMA 21 350.22SELL
EMA 50368.16SELL
EMA 100388.67SELL
EMA 200383.33SELL

Is BCH a good investment?

Bitcoin Cash (BCH) presents a mixed investment outlook. While it offers lower transaction fees and faster processing times compared to Bitcoin, it struggles to differentiate itself in a crowded cryptocurrency market. Historically, BCH’s performance has been lackluster compared to Bitcoin, with significantly lower returns since its launch. However, BCH could benefit from the 2024 Bitcoin halving and the anticipated altcoin season, potentially boosting its value.

Will Bitcoin Cash reach $500?

Bitcoin Cash (BCH) current trend shows volatility around the $350 range, with no significant upward momentum. Without a strong bullish catalyst, it appears unlikely that BCH will reach $500 in the near term.

Will Bitcoin Cash reach $1000?

BCH reaching $1,000 seems highly improbable without a major market shift or a significant bullish event.

Does BCH have a good long-term future?

Bitcoin Cash (BCH) has potential for a long-term future, but its success depends on adoption, innovation, and competition. While it offers faster, cheaper transactions, its relevance will hinge on navigating challenges and seizing opportunities in the evolving crypto market.

Recent news/opinion on Bitcoin Cash

  • German authorities raid 35 locations and seize 13 illegal crypto ATMs in major operations.
  • Bitcoin dominates the market, followed by Bitcoin Cash and Ethereum, in the case of ATMs.
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Bitcoin Cash price prediction August 2024

In August 2024, BCH  price may drop to a minimum of $345.47. The expected average value might be $599.04 with a maximum price of  $801.21.

MonthPotential low ($)Potential average ($)Potential high ($)
August345.47599.04801.21

Bitcoin Cash price prediction 2024

In the remainder of 2024, the price of Bitcoin cash could reach a maximum value of $369.25, an average trading price of $386.07 and a minimum price of $432.66.

YearPotential low ($)Potential average ($)Potential high ($)
2024369.25386.07432.66

Bitcoin Cash price predictions 2025-2030

YearMinimumAverageMaximum
2025$550.92$566.36$651.98
2026$841.10$863.75$960.23
2027$1,224$1,267$1,439
2028$1,796$1,859$2,128
2029$2,661$2,754$3,100
2030$3,891$4,001$4,757

Bitcoin Cash price prediction 2025

According to the Bitcoin Cash price prediction for 2025, the maximum price of BCH is expected to reach $651.98. Traders and investors can anticipate an average price of $556.36 and a minimum price of $550.92.

Bitcoin Cash price prediction 2026

Per the Bitcoin Cash price prediction for 2026, the coin’s value could reach a maximum price of $960.23, a minimum price of $841.10 and an average price of $863.75.

Bitcoin Cash price prediction 2027

The Bitcoin Cash price prediction for 2027 projects a maximum value of $1,439. The average trading price of the coin could potentially remain above $1,267 with a floor price of $1,224.

Bitcoin Cash price prediction 2028

According to our Bitcoin Cash price prediction for 2028, the coin’s market price will reach a maximum value of $2,128. Traders can anticipate a minimum price of $1,796 and an average price of $1,859.

Bitcoin Cash price prediction 2029

The Bitcoin Cash price prediction for 2029 suggests that BCH could hit a maximum price of $3,100. The projected minimum and average prices for 2029 are $2,661 and $2,754, respectively.

Bitcoin Cash price prediction 2030

The price of Bitcoin Cash is predicted to reach a minimum value of $3,891 in 2030. BCH’s price could reach a maximum value of $4,757 and an average trading price of $4,001.

Bitcoin cash  price prediction: Analyst’s BCH price forecast

Firm20242025
Digitalcoinprice$751.27$896.19
Changelly$367.29$651.91
Gate.io$432.67$706.48

Cryptopolitan’s Bitcoin Cash (BCH) price prediction

According to our BCH price forecast, the coin’s market price might reach a maximum value of $500.26 by the end of 2024. Looking forward to 2026, the average price of Aave could reach $709.53.

Bitcoin Cash historic price sentiment

  • Bitcoin Cash was created in mid-2017 as a fork of Bitcoin. It experienced an explosive rise shortly after its inception, reaching a peak of over $3,000 by the end of 2017. This surge was driven by initial market excitement and the broader cryptocurrency boom of that period.
  • The early part of 2018 saw a sharp decline from its previous highs. The price fell dramatically throughout the year, stabilizing around $400 to $500 by the end of 2018.
  • During 2019, Bitcoin Cash’s price remained relatively stable, mostly trading below $400. There were occasional minor spikes, but the price largely hovered in this lower range as the market continued to cool down.
  • The price in 2020 showed similar stability, remaining below $400 for most of the year. The market was relatively quiet during this period, with no significant movements for Bitcoin Cash.
  • In 2021, Bitcoin Cash saw a notable price increase, spiking to around $1,500 during the broader crypto market boom.
  • The price fell back to the $300 to $400 range throughout 2022. This period marked another phase of decline and stabilization after the brief 2021 spike, consistent with the broader market correction.
  • Bitcoin Cash continued to experience low volatility in 2023, maintaining a range between $300 and $400. The market showed little movement, with BCH price remaining relatively flat.
  • As of 2024, the price of Bitcoin Cash remains stable in the $300 to $400 range, with the most recent price around $364. 

FAQs

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 BCH a good investment?

Bitcoin Cash could be a potentially good investment in the long term, depending on where the market goes.

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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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