Bitcoin Cash (BCH) Price Prediction 2024-2030: Will BCH Price Hit $1000 Soon?

• The bullish BTC price prediction ranges from $1,070/75 to $5,449.75.
• Analysis suggests that the BTC might also reach $1,070.75 in 2024.
• BCH’s bearish market price prediction for 2024 is $318.52.

Bitcoin Cash (BCH) has charted a rollercoaster journey, embodying the cryptocurrency market’s volatile peaks and deep troughs. From its all-time high of $4,355.62 in December 2017 to its 88.66% plunge, BCH has consistently been a battleground for traders and investors alike.

However, its all-time low of $75.08 in December 2018 marked a pivot point, leading to a rebound of over 557%. As of late 2024, BCH trades near $498.50, reflecting a surge of over 39% in the past month. But what does the future hold for BCH between 2024 and 2030?

Historical price patterns reveal extended consolidation zones and sharp breakouts on the weekly chart, with recent ascending triangles signaling potential bullish momentum. Could BCH reclaim its former glory or even surpass it? With its solid fundamentals and the crypto market’s increasing maturity, BCH’s story is far from over, making it one to watch in the coming years.

What is Bitcoin Cash (BCH)?

Bitcoin Cash (BCH) is the lightning-fast, cost-effective sibling of Bitcoin (BTC), built to tackle the issues that have long plagued the world’s first cryptocurrency. Created in 2017 through a hard fork from the Bitcoin blockchain at block 478,558, BCH emerged as an alternative designed to process transactions faster and at a fraction of the cost.

Its larger block size allows for greater scalability, making it ideal for everyday purchases like coffee or groceries—something Bitcoin often struggles with. But BCH isn’t just about speed and affordability; it’s a statement. A solution born out of a heated crypto community divide challenges Bitcoin’s narrative as a store of value, positioning itself as the cryptocurrency of practical utility.

Backed by passionate proponents like Roger Ver, known as “Bitcoin Jesus,” BCH represents the future of digital payments, combining security, efficiency, and decentralization. With advanced features like CashShuffle for transaction privacy and support for smart contracts, BCH has evolved far beyond its origin as “Bitcoin’s forked sibling.”

BCH Current Market Status

Over the past week, Bitcoin Cash (BCH) has displayed a mix of stability and volatility, with sideways movement dominating some days while others brought sudden breakouts. Despite this fluctuation, the token has maintained a broadly bullish outlook, with gains exceeding 20% during the period. However, as the week progressed, the initial bullish momentum seemed to wane, giving way to bearish pressure.

On the daily charts, BCH has slid into a bearish zone, recording a 6.75% decline in the past 24 hours to trade at $494.87. This dip has mirrored its market cap, which now sits at $9.79 billion, reflecting a similar drop. Yet, amid the price correction, trading activity has surged, with a 21.61% increase in 24-hour volume pushing it to $1.62 billion.

A volume-to-market cap ratio of 16.94% further indicates heightened investor interest, even as the token faces short-term pressure. With a circulating supply of 19.79 million out of its hard-capped 21 million, Bitcoin Cash holds its deflationary promise.

Bitcoin Cash (BCH) Price Analysis

Based on technical indicators, the sentiment around BCH leans bullish, while the Fear & Greed Index is currently at a striking 82, reflecting “Extreme Greed.” Over the past 30 days, the cryptocurrency has seen green candles on 50% of trading days, with a measured price volatility of 10.37%. 

But is now the moment to jump into BCH? With market conditions heating up and price movements keeping traders on their toes, Coin Edition closely examines Bitcoin Cash’s price trends in this section to uncover where this token might head next.

Bitcoin Cash (BCH) Price Analysis – Bollinger Bands

The BCH monthly chart reveals a fascinating dynamic, with Bollinger Bands starting to widen—hinting at brewing volatility. The upper band hovers at $580.08, while the lower band rests at $56.96, framing the token’s potential price action.

Currently trading near $495.09, BCH is edging close to the upper band, a zone that could ignite a breakout toward this year’s peak of $719.43 if bullish momentum persists. However, markets rarely move in one direction. A reversal could see BCH retrace toward the middle band at $318.52 or even test the lower band as a possible safety net.

Bitcoin Cash (BCH) Price Analysis – Relative Strength Index

The RSI on Bitcoin Cash’s (BCH) monthly chart reads 58.51, signaling moderate bullish momentum as it edges closer to the overbought zone above 70. The indicator reflects a strengthening trend with the RSI above its signal line of 54.36.

This upward trajectory suggests growing buying pressure, which could drive the token toward the next key resistance level at $719.43. However, a potential retracement to lower support zones like $318.52 may occur if the RSI stalls or reverses. Traders should watch for RSI divergence as a clue to shifts in market momentum and potential price reversals.

Bitcoin Cash (BCH) Price Analysis – Moving Average Convergence Divergence

The MACD indicator on Bitcoin Cash’s (BCH) monthly chart shows a bullish crossover, with the MACD line at 39.47, crossing above the signal line at 25.37. This shift signals a potential reversal in momentum, favoring buyers. The histogram further supports this, showing a steady increase in green bars, which reflects strengthening bullish momentum.

If this trend persists, BCH could aim for resistance at $719.43, with further upside toward the 38.20% Fibonacci level at $1,687.87. However, failure to maintain momentum might see a pullback toward the critical support zone near $318.52, highlighting the importance of closely monitoring MACD shifts.

Bitcoin Cash (BCH) Price Prediction 2024

The Directional Movement Index for BCH highlights strengthening bullish momentum, with the +DI at 30.5787, outpacing the -DI at 9.7518. This separation suggests buyers are firmly in control of the market. The Average Directional Index also sits at 44.4168, signaling a strong trend. The rising +DI and robust ADX combination indicate that BCH may continue its upward trajectory toward key resistance levels such as $719.43.

A breakout above the current resistance zone could propel Bitcoin Cash toward a higher target, likely reaching $1,070.75 by year-end. However, caution is warranted, as shifts in the ADX or divergence in directional indicators could hint at a weakening trend or an impending reversal. Should bearish momentum take over, BCH might retrace to the key support level at $318.52, offering a possible consolidation zone before resuming its upward trajectory.

Bitcoin Cash (BCH) Price Prediction 2025

Per Coin Edition’s projections, BCH could peak at $2,685.39, fueled by increased adoption and lingering effects from Bitcoin’s 2024 halving. A low of $804.17 is possible due to market corrections and potential profit-taking by early investors.

Bitcoin Cash (BCH) Price Prediction 2026

Our forecast shows BCH may consolidate around $350, reflecting reduced enthusiasm after Bitcoin’s halving cycle fades. On the upside, BCH might still touch $719.43, driven by its deflationary appeal and steady community support.

Bitcoin Cash (BCH) Price Prediction 2027

With market optimism building for the 2028 BTC halving, BCH could climb to $1,644. Yet, bearish pressure stemming from macroeconomic challenges might see its value retreat to  $804.17 during periods of uncertainty.

Bitcoin Cash (BCH) Price Prediction 2028

Coin Edition anticipates BCH soaring to $1,865 amid halving-induced excitement and broader market momentum. On the downside, heightened volatility and regulatory developments in the crypto space might influence BCH’s test of $1,320.17.

Bitcoin Cash (BCH) Price Prediction 2029

Community-driven initiatives and improved blockchain utility could push BCH to a high of $4,103.93. A potential lack of momentum or bearish sentiment may cause BCH to revisit lows near $2,685.39.

Bitcoin Cash (BCH) Price Prediction 2030

Increased mainstream adoption and ecosystem upgrades might see BCH hitting $5,449.75. Conversely, BCH could dip to $4,300.04, reflecting potential corrections as the market stabilizes after prolonged growth.

Bitcoin Cash (BCH) Price Prediction 2040

By 2040, Bitcoin Cash could reach $11,139.03, supported by a mature crypto market and enhanced scalability features. A low of $9,656.76 might occur due to macroeconomic factors or reduced interest in older blockchain projects.

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