 price prediction to find out what the BCH price will be in the coming years.){kind=link}
- Bullish BCH price prediction ranges from $174.7 to $695.2.
- BCH price might also reach $700 this 2022.
- BCH’s bearish market price prediction for 2022 is $82.3.
Bitcoin Cash is a blockchain project that was launched in August 2017 as a hard fork of Bitcoin. Its native token BCH is used in the payment of transaction fees within the Bitcoin Cash blockchain.
Bitcoin Cash investors are bullish on the token since it has had a return on investment (ROI) of over 80% in the past 4 years. The crypto bubble of December 2017, led to the price increase in BCH to its present all-time high (ATH) of $4355.62 that was attained in December 2017. Since then, it has not been able to surpass the price irrespective of the recent cryptocurrency boom in 2021 that led to cryptocurrencies like Bitcoin and Ethereum attaining new all-time high (ATH) prices. Irrespective of the recent crypto winter in 2022, BCH investors are confident that the future of BCH is bullish.
If you are interested in the future of Bitcoin Cash (BCH) and would want to know the price analysis and price prediction of BCH for 2022, 2023, 2024, 2025, 2026, up to 2030, keep reading this CoinEdition article.
What is Bitcoin Cash (BCH)?
Bitcoin Cash (BCH) was created in August 2017 as a hard fork of Bitcoin (BTC). All holders of BTC received BCH in the ratio of 1:1 doing the hard fork. This is because it has the same maximum supply number of 21,000,000 just as Bitcoin. In November 2018, Bitcoin Cash split into Bitcoin Cash ABC which is the present eCash (XEC), and Bitcoin Satoshi Version (BSV).
Bitcoin Cash (BCH) has a lower transaction fee of about $0.01 unlike that of Bitcoin which varies and can move to over $5 depending on the network activities. Bitcoin Cash (BCH) upgraded its block size to 32MB in October 2021 unlike that of Bitcoin which is 1MB.
On the Bitcoin Cash blockchain, users can carry out peer-to-peer transactions without being restricted or censored unlike what is obtainable in most mainstream financial systems. Continuous activities of the Bitcoin Cash miners ensure that it is active because it is open-sourced.
Bitcoin Cash (BCH) network uses the Proof-of-Work (PoW) consensus mechanism to reward its miners. The continuous upgrade of its block size from the 8MB during its launch to 32MB presently has ensured that the number of transactions per second (TPS) has increased to over 100 TPS unlike the scalability challenges in the Bitcoin blockchain that is 7 TPS.
Bitcoin Cash (BCH) Current Market Status
The maximum supply of Bitcoin Cash (BCH) is 21,000,000 BCH while its circulating supply is 19,145,813 BCH according to CoinMarketCap. At the time of writing, BCH is trading for $135.15 which represents 24 hours decrease of 7.38%. The trading volume of Bitcoin Cash in the past 24 hours is $270.3 million which represents an 18.97% increase.
Some of the top cryptocurrencies for trading Bitcoin Cash (BCH) are Binance, Kraken, Coinbase, Kucoin, Gate.io, FTX, Huobi Global, and others.
Now that you have known what Bitcoin Cash (BCH) is and its current market status, we shall discuss the price analysis of Bitcoin Cash (BCH) for 2022.
Bitcoin Cash (BCH) Price Analysis 2022
Currently, BCH is ranked in the 32nd position on CoinGecko. Will developments and upgrades within the Bitcoin Cash community lead to a rising in the price of Bitcoin Cash (BCH)? We shall see this in this CoinEdition price analysis 2022 article.
Bitcoin Cash (BCH) Price Analysis- Keltner Channel
Keltner Channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Bitcoin Cash (BCH), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the top. Also, since the last candlestick is bearish, the present increase in the price of BCH might not be sustained before any reversal would be expected.
Bitcoin Cash (BCH) Price Analysis- Relative Strength Index
The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Bitcoin Cash (BCH) 1day chart of BCH/USDT is at 50.22. This shows that BCH is showing a strong trend since it is between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value which is the overbought region, before any price correction soon.
Bitcoin Cash (BCH) Price Prediction-Moving Averages
The chart above shows the 1Day chart of BCH 200-day and 100-day Moving Average (MA). Presently, BCH is on a bullish trend as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can reduce the price is bullish for long-term hodlers.
Also, since the gap between the moving averages is wide and above the recently formed candlesticks, the price of Bitcoin Cash (BCH) might experience a surge in price soon.
Bitcoin Cash (BCH) Price Prediction 2022
From the chart above, we can observe that the price of Bitcoin Cash (BCH) was ranging between $383.1 at the resistance4 level and $174.7 at the resistance1 level, in the past few weeks, and then touched the $82.3 support1 level and $106.9 support2 level.
Irrespective of this sideways movement in the price of BCH, we can deduce the following:
- The price of Bitcoin Cash (BCH) is expected to reverse at the $174.7 resistance1 level, due to the history at that price on May 12, 2022. If investors have their way, the price of BCH could surge higher to the $231.6 resistance2 level before reversing, due to the formation of a double top.
- The reversal at the resistance1 level could lead to a further decrease in the price of BCH up to the support2 level at $82.3, until a double bottom is formed. This could lead to a bullish reversal.
Meanwhile, our long-term BCH price prediction for 2022 is bullish since it might break many psychological resistances. We can expect BCH to reach $15 this year.
Bitcoin Cash (BCH) Price Prediction-Resistance and Support Levels
This bullish chart shows that the price of Bitcoin Cash has increased by 27.6% in the past 30 days. If this price increase continues, BCH could break the $174.7 resistance1 level and move higher to $695.2 at the resistance9 level, and even higher, the bullish signal for 2022.
However, if sellers have their way, the price of BCH might be dethroned from its present uptrend position. In simpler terms, BCH might trend below the $82.3 support2 level, and even lower in 2022, a bearish signal.
Bitcoin Cash (BCH) Price Prediction 2023
Bitcoin Cash (BCH) might hit $1000 in 2023 if this bullish trend continues. Moreover, in the first half of 2023, the price of BCH will see rapid growth to $800. The growth will thereafter moderate, but no significant drops are predicted. By upgrading burning rewards, investors could burn more BCH thereby reducing its volume in circulation. This could make the price of BCH reach $1000 shortly.
Bitcoin Cash (BCH) Price Prediction 2024
Bitcoin Cash (BCH) price could hold the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $2000, making it not plummet but play consistently. Additionally, this could only be possible if BCH breaks through past psychological resistance levels.
Bitcoin Cash (BCH) Price Prediction 2025
Bitcoin Cash (BCH) prices might grow past $3000 during the next three years. Furthermore, hitting this level might not be so tough for BCH due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, BCH has a strong chance of reaching a new all-time high (ATH) price.
Bitcoin Cash (BCH) Price Prediction 2026
Bitcoin Cash (BCH) prices might grow past $4000 during the next four years. Furthermore, hitting this level might not be so tough for BCH due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, BCH has a strong chance of reaching a new all-time high (ATH) price.
Bitcoin Cash (BCH) Price Prediction 2027
Bitcoin Cash (BCH) prices might grow past $5000 during the next five years. Furthermore, hitting this level might not be so tough for BCH due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, BCH has a strong chance of reaching a new all-time high (ATH) price.
Bitcoin Cash (BCH) Price Prediction 2028
Bitcoin Cash (BCH) prices might grow past $6000 during the next six years. Furthermore, hitting this level might not be so tough for BCH due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, BCH has a strong chance of reaching a new all-time high (ATH) price.
Bitcoin Cash (BCH) Price Prediction 2029
Bitcoin Cash (BCH) prices might grow past $7000 during the next seven years. Furthermore, hitting this level might not be so tough for BCH due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, BCH has a strong chance of reaching a new all-time high (ATH) price.
Bitcoin Cash (BCH) Price Prediction 2030
Bitcoin Cash (BCH) prices might grow past $10000 during the next eight years. Furthermore, hitting this level might not be so tough for BCH due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, BCH has a strong chance of reaching a new all-time high (ATH) price.
Conclusion
As said above, Bitcoin Cash might reach $700 in 2022 and $10000 by 2030 if investors have decided that BCH is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
BCH is the native token of the Bitcoin Cash blockchain.
Like other cryptocurrencies, Bitcoin Cash (BCH) can be traded in cryptocurrency exchanges like Binance, Kraken, Coinbase, Kucoin, Gate.io, FTX, and others.
Bitcoin Cash has a low possibility of surpassing its present all-time high (ATH) price of $4355.62 in 2022.
It was launched in August 2017.
Bitcoin Cash (BCH) price is expected to reach $1000 by 2023.
Bitcoin Cash (BCH) price is expected to reach $2000 by 2024.
Bitcoin Cash (BCH) price is expected to reach $3000 by 2025.
Bitcoin Cash (BCH) price is expected to reach $4000 by 2026.
Bitcoin Cash (BCH) price is expected to reach $5000 by 2027.
Bitcoin Cash (BCH) price is expected to reach $6000 by 2028.
Bitcoin Cash (BCH) price is expected to reach $7000 by 2029.
Bitcoin Cash (BCH) price is expected to reach $10000 by 2030.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.
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