Bitcoin Cash (BCH) Price Prediction – 2023, 2025, 2030

Bitcoin Cash (BCH) Overview

Bitcoin Cash (BCH) Introduction

One of the most popular forks of the original Bitcoin network is Bitcoin Cash. The idea for the cryptocurrency was inspired by unhappiness with the direction Bitcoin was taking, which was away from Satoshi Nakamoto’s original plan for it to function as a digital currency.

The creation of Bitcoin Cash, which functions more like a currency than a store of value, ignited a fierce dispute between proponents of Bitcoin and others who felt that Bitcoin needed to be able to trade more quickly and cheaply.

Around this time, a so-called civil war broke out, with supporters of Bitcoin Cash rejecting Bitcoin and declaring it to no longer be the real Bitcoin. Then, in August 2017, Bitcoin Cash was created as a result of a fork. It had a promising beginning but has experienced turmoil ever since.

Even though Bitcoin Cash is meant to be a more useful money, enthusiasts of cryptocurrencies frequently invest in it. The coin’s price has the typical market volatility, but many people believe its future will be brighter and will provide greater value in the following months and years.

What is Bitcoin Cash (BCH)?

Although it is not the oldest, Bitcoin Cash is one of the biggest and best-known forks of the cryptocurrency. Just before Bitcoin achieved its previous all-time high of $20,000 at the end of 2017, Bitcoin Cash was developed. It expanded the size of the blocks in the chain to enable more transactions to be processed more quickly.

It’s interesting to note that the cryptocurrency split into Bitcoin Cash ABC and Bitcoin Cash SV in November 2018. (Satoshi Vision). This shows a willingness to keep Bitcoin and cryptocurrencies in general progressing, however BCH’s forking was primarily motivated by bitcoin’s 1MB block size restriction. 

Because blocks could not accommodate the increase in size for transactions, transactions piled up and waited for confirmation.

In response, Bitcoin Cash proposed making blocks between 8 MB and 32 MB in size, allowing for the processing of more transactions per block. In a Bitcoin block, there are typically between 1,000 and 1,500 transactions. 

25,000 transactions per block were recorded on the Bitcoin Cash network during a stress test in September 2018.

The guy behind this fork, Roger Ver, has been promoting the notion that Satoshi Nakamoto, who invented Bitcoin, was responsible for having a digital currency that could work under stress. 

The change in Bitcoin’s block size, in the opinion of Ver and proponents of Bitcoin Cash, will make it possible for users to use Bitcoin as a medium for regular transactions and give it a chance to compete with large credit card processing companies like Visa that charge exorbitant fees to process international transactions.

Bitcoin Cash (BCH) Fundamental Analysis

For the majority of its existence, Bitcoin Cash held onto the top 10 currencies by market cap, however it recently lost that position. The price of the currency does not even come close to that of Bitcoin; even at its peak, just a few days after Bitcoin surpassed $20,000, it only managed to reach $3,643.

Throughout its first year, Bitcoin Cash’s price fluctuated wildly, but after the end of 2018 and up until this point, the price has been less erratic but primarily trending lower. Within two months of starting its price history in August 2017 at $573, Bitcoin Cash has hit its all-time high.

Following that $3,000+ peak, the price of Bitcoin Cash fell to a low of $77 per BCH, and by the end of 2020 it had marginally rebounded to reach roughly $350.

Bitcoin Cash (BCH) Technical Analysis

Price also fell below a new Lower Low after a bearish Breakout from the Sideways Channel, evidencing a downtrend. Near the $100 support, it is oversold (RSI 30), suggesting a potential entry point for a swing trade.

There is a declining tendency on all time scales, including short, medium, and long-term.

MACD Line is above the MACD Signal Line (Bullish), yet RSI is below 45, thus momentum is Mixed (Bearish). The MACD Histogram bars are dwindling, which could indicate a loss of momentum.

In general Volume is flat, meaning that it fluctuates equally on up and down days. As a result, the balance between buyer and seller demand and supply is achieved.

Support and Resistance: $100 is the closest Support Zone. $150 (prior support) is the closest resistance zone, followed by $200, $280, and $340.

Bitcoin Cash (BCH) Current Price

Bitcoin Cash is currently worth $484.51 USD. BCH has moved 4.17% in the last 24 hours with a trading volume of $495,419,827. Bitcoin Cash is currently ranked 15 amongst all cryptocurrencies with a market capitalization of $9,541,462,926 USD.

Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for Bitcoin Cash (BCH) to decide wether it is going to have a bullish or bearish year.

Bitcoin Cash (BCH) Price Predictions

Although a new high is inevitable, Bitcoin Cash isn’t anticipated to grow as quickly or significantly as the rest of the crypto market due to Bitcoin’s success. As investors withdraw from the asset, this might result in an exacerbated bear market.

Even Bitcoin Cash will ultimately recover as the market enters a fresh bull period. Let’s have a look at the price prediction below:

Our price prediction forecasts use real-time Bitcoin Cash (BCH) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.

Bitcoin Cash (BCH) Price Prediction 2023

Bitcoin Cash, according to some, is one of the most amazing cryptocurrencies to rise this year (BCH). The BCH price forecast for 2023 anticipates a significant increase in the year’s second half, possibly reaching $726.76.

As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $678.31 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. BCH is expected to have a minimum value of $581.41.

Bitcoin Cash (BCH) Price Prediction 2024

In 2024, Bitcoin Cash BCH price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of BCH will soon surpass $1,211.26. However, we should wait to see if the BCH’s relative strength index comes out of the oversold zone before placing any bullish bets.

Considering the market volatility, BCH will trade with a minimum trading price of $969.01 and an average trading price of $1,065.91.

Bitcoin Cash (BCH) Price Prediction 2025

If the upward trend continues until 2025, it could reach $1,695.77 and BCH may profit. If the market experiences a decline, the goal may not be met. BCH is expected to trade at an average price of $1,550.42 and a low of $1,453.52 in 2025.

Bitcoin Cash (BCH) Price Prediction 2026

If Bitcoin Cash successfully boosts market sentiment among cryptocurrency enthusiasts, the BCH coin price could remain stable for the next five years.

According to our projections, BCH will be green in 2026. The BCH is expected to reach and surpass its all-time high in 2026. In 2026, the virtual currency will be worth $2,180.28, with a minimum price of $1,938.02 and an average price of $2,034.92.

Bitcoin Cash (BCH) Price Prediction 2027

After some extensive forecasting and technical analysis, we estimate the BCH price is expected to cross an average price level of $2,519.43 by 2027, with a minimum price of $2,422.53 expected before the end of the year. Furthermore, BCH has a maximum price value of $2,664.78.

Bitcoin Cash (BCH) Price Prediction 2028

Due to the future partnerships that are expected to happen by 2028, we are expecting that a bullish trend will continue, bringing the average price to around $3,003.94. If BCH manages to break the resistant level in 2028, we could see a maximum price of $3,149.29, failing to gather the support BCH needs by 2028 could result in a low of $2,907.03.

Bitcoin Cash (BCH) Price Prediction 2029

While BCH is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $3,391.54 and a yearly price close above $3,633.79 in 2029.

Bitcoin Cash (BCH) Price Prediction 2030

By 2030, Bitcoin Cash will finally surpass its previous ATH values and record new price levels. The minimum price could be $3,876.05 and potentially reach a maximum price value of $4,118.30, averaging out at $3,972.95.

Bitcoin Cash (BCH) Price Prediction 2031

The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2031, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum BCH price in 2031 is projected to be $4,748.16 in the event of a bull run, with an average price level of $4,554.35.

Conclusion

Given that Bitcoin Cash was designed to be the successor to Bitcoin and remedy the currency’s flaws, its future is an intriguing one. But because of the way it has developed, many now view Bitcoin more as an asset than a form of money.

Having said that, there is a rising need for cryptocurrencies to behave more like useful currencies. After it forked, Bitcoin Cash, which has the same name and history as Bitcoin, might be considered the coin’s next iteration.

Due to its volatility, potential for more attention as time goes on, and the demand for a more useful Bitcoin, Bitcoin Cash does present a fantastic chance for investors and traders to profit.

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