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 $118.72 USD with a 24-hour trading volume of $1,575,025,301. We update our BCH to USD price in real-time. Bitcoin Cash is down 2.26% in the last 24 hours. The current CoinMarketCap ranking is #26, with a live market cap of $2,267,228,617. It has a circulating supply of 19,096,900 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 $577.
Like Bitcoin mining, the Bitcoin Cash network uses something called ASIC miners to validate network transactions in mining, with various Bitcoin miner pools distributed across the world.
Due to increased block size, BCH is harder to mine since it requires more energy per block.
Additionally, BCH was the first of all cryptocurrencies to introduce and effectively test the Segregated Witness (SegWit) upgrade, which separates the transaction data to allow more transactions to be sent at once.
Another advantage that BCH has over Bitcoin is developing smart contracts by using CashScrypt.
Bitcoin Cash Overview
|Coin||Symbol||Price||Marketcap||Change||Last 24h||Supply||Volume (24h)|
|BCH||$ 105.83||$ 2.03 B||5.95%||19.10 M||$ 665.44 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
As seen on the 4-hour bitcoin cash price chart, the current price of Bitcoin Cash is trading above its Moving Average, and the MACD line could also turn up above zero – signaling a bullish price trend.
Bitcoin Cash Price Predictions 2022-2031
According to the Bitcoin Cash forecast from Wallet Investor, the cryptocurrency could lose over 90% of its current market value over the next year, making it a bad long-term investment. The short-term prospects of BCH aren’t promising either. Wallet Investor predicts a significant price drop to $61 in the coming days.
As per the deep learning algorithms from Gov.Capital, the current bear market will continue into the coming months, and Bitcoin Cash could be a bad investment tool for the future. The asset’s future price is expected to be about $88.886 (-24.611%) after one year.
TradingBeasts predicts a bear market for Bitcoin Cash up until July 2023, with prices expected to reach a minimum of $72.606, a maximum of $106.773, and an average market value of $85.419. They expect a turnaround in the market trend towards the end of 2023, leading to a peak market price of $166.042 by January 2024.
By mid-2024, the price of BCH is predicted to be trading within the range of $136.366 to $200.538. The coin could experience a surge in price through the remaining months of 2024, taking its maximum market price to $232.299 by December 2024. Its predicted year-end minimum price is $157.963.
TradingBeast’s BCH price forecast for 2025 expects the bull market to continue through the year, resulting in a maximum price of $280.031, a minimum value of $190.41, and an average trading price of $224.025 by December 2025.
|Year||Minimum Price ($)||Average Price ($)||Maximum Price ($)|
Bitcoin Cash Price Prediction 2022
Over the past weeks, Bitcoin Cash has been declining in price, as is the case with several other cryptocurrencies in the market. Despite the downturns, we expect Bitcoin Cash to make some gains. As per our Bitcoin Cash price prediction for 2022, a maximum price of $165.47 is expected by the end of the year. The coin’s average and the minimum price could reach $155.86 and $144.57, respectively.
Bitcoin Cash Price Prediction 2023
BCH could see a further increase in 2023 if the entire market and the price of Bitcoin recover significantly. In that case, the calculated price trend is bullish, with the coin’s maximum price anticipated to touch $184.57. The forecasted average price of the coin, according to our Bitcoin Cash price forecast, is $170.822, and its least possible price is $157.25.
Bitcoin Cash BCH Price Prediction 2024
As per the Bitcoin Cash price prediction for 2024, we anticipate a maximum price of $215.26, a minimum price of $145.60, and an average price of $186.70, provided the market continues to grow.
Bitcoin Cash Price Prediction 2025
According to our forecasts, the price of Bitcoin Cash will increase in 2025 to a maximum price of $242.46. The minimum and average prices for the year are $204.66 and $227.27, respectively.
Bitcoin Cash BCH Price Prediction 2026 and Beyond
A slight price pullback is anticipated in 2026. As a result, the minimum and maximum value of BCH could fall to $192.51 and $234.16, allowing investors to buy in at a lower price. By 2027, our Bitcoin Cash prediction expects a maximum price of $326.82 and an average trading price of $269.65.
The predicted trading range for 2028 is between $347.22 and $420.57. By 2030, Bitcoin Cash could be traded for as high as $553.60 per unit, provided the bull run continues throughout the year. The minimum predicted price point for 2030 is $524. The BCH price forecast for 2031 expects the coin to make a gain of up to 459% – meaning that if you buy $100 today and want to sell Bitcoin Cash in 2031, your investment could be worth $559 by 2031.
Bitcoin Cash Price Prediction by Industry Experts
According to Kim Dotcom, “The global markets will crash very hard. Banks invested the majority of customer deposits (your money) in stock markets. Soon you’ll not be able to withdraw your funds. Banks & ATMs will have daily withdrawal limits like in 2008.
This is when crypto UTILIZATION takes off.
The current crypto crash is like the Dotcom bubble. Most crypto projects will disappear. A few will survive. Those that become the most utilized for payments will strive.
I believe #BitcoinCash is one of them. My favorite for utilization.”
The future price of Bitcoin Cash is difficult to predict, as different analysts hold different points of view. Some experts think it has excellent growth potential in a world where digital payment methods and cryptocurrencies are gaining popularity.
According to an analysis by “The Wolf of Trading,” a further downside of about 50% is expected for Bitcoin over the coming months, which will consequently pull down the price of Bitcoin Cash to about 40–50$.
As a cryptocurrency with great fundamentals that has also proven its resilience in the past, Bitcoin Cash potentially could someday go to the moon again. But of course, that will depend on the crypto market’s behavior in the coming months. If the crypto market continues to follow its trajectory from 2017-2021, then BCH will have growth potential and be a good investment.
When considering investing in Bitcoin Cash, it’s important to stay abreast of developments in the market and not just depend on Bitcoin Cash price predictions. Monitor the trading price, support, and resistance levels to make an informed decision.
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.