Bitcoin cash review 22 5 2023

As a close cousin to Bitcoin, Bitcoin Cash surges in the recovering market after long pause in a consolidating pullback phase. With a new positive trend, the BCH price teases a pivotal breakout spot to trigger a trend reversal.

Further, with the improving sentiments around Bitcoin, BCH price is ready to piggyback a rally to gain the inital breakout momentum. With a year-to-date growth of around 156%, the altcoin beats the biggest crypto, Bitcoin, in terms of YTD performance in 2023.

Additionally, BCH price prediction hints at a moonshot rally with the due to the 2024 Halving event and high hopes around Bitcoin Spot ETF.

“Will Bitcoin Cash go up further?” Is this the question playing on your mind? Or perhaps you’re pondering, “Bitcoin Cash, is it a good investment?”

We bring you our Bitcoin Cash price prediction for 2023-2030 to answer these questions. Our BCH price prediction for 2023-2030 covers technical analysis, on-chain analysis, and significant upgrades and partnerships that can prove bullish for Bitcoin cash.

So join us as we decode the possible BCH price prediction for future years.

Overview

CryptocurrencyBitcoin CashTokenBCHPrice $ 228.33053324 2.84% Market Cap $ 4,472,846,731.4010Trading Volume $ 176,586,715.5366Circulating Supply 19,589,350.0000All-time High$4,355.62 Dec 20, 2017All-time Low$75.08 Dec 15, 201824 High $ 231.000024 Low $ 221.5000

What’s New With Bitcoin Cash (BCH)?

• Bitcoin Cash is a P2P electronic money that aims to become sound global money.
• It is a fork of Bitcoin and provides fast payments, micro fees, privacy, and a larger block size.
• The recent surge raises the possibility of BCH’s price reaching $435 by the end of 2023.
• The Simple Ledger Protocol (SLP) helps create new types of coins in the BCH system.
• The fourth Bitcoin halving is expected to occur in April 2024, which could lead to an increase in the price of Bitcoin Cash.
• More importantly, the SEC deciding the faith of Bitcoin ETF in October will be the crucial catalyst for further recovery.

BCH Coin Price Prediction December 2023

Teasing a bullish breakout of a triangle pattern in the daily chart, the BCH price is gaining momentum with a new positive trend in motion. Crossing the overhead resistance trendline, the Bitcoin Cash price challenged the overhead resistance at $260.

However, the extreme supply present at the crucial level leads to a quick drop under the broken trendline with an intraday fall of 5.13%. Nevertheless, the buyers are expecting this correction as a retest of the bullish break.

Currently, the Bitcoin Cash price trades at $239 reflecting the bullish failure to hold dominance over the psychological mark of $250.

Considering the buyers regain momentum to cross the $250 mark, the uptrend will reach the $300 mark by the end of December 2023. On the flip side, if the BCH price drops under the $225 mark, it may soon test the psychological mark of $200.

Bitcoin Cash Price PredictionPotential Low ($)Average Price ($)Potential High ($)December 2023$200$250$300

Bitcoin Cash (BCH) has recently shown a promising rise, hitting the $250 milestone with an impressive 156% YTD growth. However, the cryptocurrency is currently experiencing a minor setback, pulling back to $239. Despite this, the bullish outlook for BCH remains strong for 2024.

In the midst of a market-wide recovery, BCH has remained notable with the sharp rise that has fueled many other altcoins. The cryptocurrency is hovering near its 50-day EMA, gracefully absorbing the overhead selling pressure.

Furthermore, a recent surge in the overall market in the last few weeks suggests that BCH could be entering the initial stages of a bull run.

Contrary to a potential bearish downturn, BCH seems poised to regain upward momentum. With a strong likelihood of breaking through the $260 resistance level, BCH has its sights set on reaching the $300 milestone.

Meanwhile, in the technical charts, the long-term growth reflects a strong bullish journey for BCH price trend. The overall uptrend with an improvement in investors’ sentiment can drive the Bitcoin Cash (BCH) coin price to $435.51 by the end of 2024.

However, on the flip side, the Bitcoin Cash price might bottom out at $150.

Bitcoin Cash Price PredictionPotential Low ($)Average Price ($)Potential High ($)2024150292435.51

BCH Price Prediction 2025

The year 2025 could signal growth for BCH, with prices potentially oscillating between a low of $592 and a high of $711 The average price during this period could stand at $651.

BCH Price PredictionPotential Low ($)Average Price ($)Potential High ($)BCH Price Prediction 2025$592$651$711

Bitcoin Cash (BCH) Price Prediction 2026 – 2030

Bitcoin Cash Price PredictionPotential Low ($)Average Price ($)Potential High ($)BCH Price in 2026$765.52$800.76$836.00BCH Price in 2027$801.00$995.00$995.00BCH Price in 2028$934.73$1,088.87$1,243.00BCH Price in 2029$1,372.00$1,465.00$1,558.00BCH Price in 2030$1,748.00$1,919.00$2,090.00

Bitcoin Cash Price Prediction 2026:

For the year 2026, Bitcoin Cash Price Prediction forecasts a low price of $765.52, an average price of $800.76, and a high of $836.00.

BCH Price Prediction 2027:

In 2027, Bitcoin Cash Price Prediction projects a low price of $801.00, an average price of $898.00, and a high of $995.00.

Bitcoin Cash Price Prediction 2028:

As per Bitcoin Cash Price Prediction 2028, BCH may see a potential low price of $934.73. Meanwhile, the average price is predicted to be around $1,088.87. The potential high for BCH price in 2028 is estimated to reach $1,243.00.

BCH Price Prediction 2029:

Looking ahead to the Bitcoin Cash Price prediction 2029, Bitcoin Cash is expected to have a low price of $1,372.00. With an average price of $1,465.00, the BCH price will make a high of $1,558.00.

BCH Price Prediction 2030:

Finally, by 2030, Bitcoin Cash Price Prediction anticipates a low price of $1,748.00, an average price of $1,919.00, and a high of $2,090.00.

BCH Bitcoin Cash Price Prediction 2023 – 2030

Market Analysis

Firm Name202320242025Long Forecast$314$231$148DigitalCoinPrice$536$632$879Trading Beasts$366$222–

*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.

CoinPedia’s Bitcoin Cash Price Prediction

Coinpedia’s analysis suggests that Bitcoin Cash could potentially emerge as a more affordable version of Bitcoin.

Bitcoin Cash is a fork of Bitcoin that aims to become sound global money. It has a larger block size, is more affordable, and is popular for shopping. The price of Bitcoin Cash could reach $500 by 2024 due to factors such as the fourth Bitcoin halving, a potential altcoin season, and the SEC’s decision on a Bitcoin ETF.

The SEC’s decision on a Bitcoin ETF could also have an impact on the price of Bitcoin Cash. If the SEC approves a Bitcoin ETF, it could lead to an influx of institutional investors into the cryptocurrency market. This could drive up the prices of all cryptocurrencies, including Bitcoin Cash.

If the network gains some hype in the coming months. The BCH price can reach $435.51 in 2023. On the flip side, BCH price price can drop to $150 by the end of 2023.

We expect the BCH price to create a new 2023 high of $435.51 by 2023.

Price PredictionPotential Low ($)Average Price ($)Potential High ($)2023150292435.51

AI Predicts Bitcoin Cash (BCH) Price

PortfolioPilot

Portfolio Pilot, an AI-powered platform that predicts asset prices, has predicted that the price of BCH will reach $460 by the end of June 2024. This is based on a number of factors, including the current market conditions, the performance of BCH in the past, and the platform’s own algorithms.

Historical Price Sentiments 2017 – 2021

Trading View

FAQs

What Is Bitcoin Cash?

Bitcoin Cash is a hard fork of Bitcoin, that aims at a decentralized peer-to-peer electronic cash system. Without relying on any central governing authority.

Is Bitcoin Cash a good investment in 2023 amidst newer higher-performing entrants?

Bitcoin Cash is an underrated investment with a high chance of performing in 2024.

What are the advantages of Bitcoin Cash over Bitcoin?

Bitcoin Cash focuses on resolving two of the major limitations of Bitcoin, which are scalability and transaction fees.

How high could BCH’s price surge by the end of 2023?

The price of BCH could surge to its potential high of $359 by the end of 2023.

What could be the maximum price of BCH in the next 3 years?

According to our Bitcoin Cash price prediction, BCH’s price could hit the maximum trade value of $711 by the end of 2025.

How much is 1 Bitcoin cash worth?

At the time of publishing, the price of 1 BCH was $246.09.

What would it be worth if you had invested $100 in Bitcoin Cash in January 2023?

Assuming the best case is that you invested in Bitcoin Cash at $102, your investment would have increased by 143%. In short, your investment would be worth $243.

What is the prediction for Bitcoin Cash in 2023?

According to our Bitcoin Cash price prediction, BCH price is expected to have a 1.99% decrease and drop as low as by December 19, 2023. Our technical indicators signal about the Neutral Bullish 50% market sentiment on Bitcoin Cash, while the Fear & Greed Index is displaying a score of 73 (Greed).

What is the prediction for Bitcoin in 2023?

Bitcoin Price Prediction December 2023 Approaching the end of the trading period, an increase in volume is expected as market participants express optimism about emerging trends in the coming year. It is believed that the price could surge beyond $42,000 initially.

How much will $1 Bitcoin be worth in 2025?

Bitcoin price prediction 2025 The Bitcoin price prediction for 2025 is currently between $ 59,561 on the lower end and $ 177,384 on the high end. Compared to today's price, Bitcoin could gain 328.34% by 2025 if BTC reaches the upper price target.

Why Bitcoin Cash is rising?

Expectedly, the increased trading volume helped propel Bitcoin Cash (BCH) on a bullish trajectory. On December 14, 2023, BCH was trading at $236.50, up 0.21% in the past week. Analysts expect Bitcoin Cash (BCH) to rise with the bullish momentum in the crypto space to reach $300.00 by the end of January 2024.