Bitcoin Cash (BCH) Price Prediction 2024-2030: Will BCH reach $500 Soon?

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Bitcoin Cash (BCH) Price Prediction 2022
  • Bullish Bitcoin Cash  (BCH) price prediction ranges from $300 to $480.
  • Analysis suggests that the BCH price might reach above $320.
  • The BCH bearish market price prediction for 2024 is $100.

What is Bitcoin Cash (BCH)?

Bitcoin Cash (BCH) is a hard fork of Bitcoin that emerged on August 1, 2017, as a result of an attempt to increase the maximum block size of Bitcoin.

During the lead-up to the inception of BCH in 2017, Bitcoin was increasingly unreliable and expensive during the 2016-2017 years. This was because the community could not reach a consensus on increasing the network capacity. Some of the developers did not understand and agree with Satoshi’s plan. Instead, they preferred Bitcoin to become a settlement layer.

By 2017, Bitcoin dominance had plummeted from 95% to as low as 40% as a direct result of the usability problems. However, a large portion of the Bitcoin community, including developers, investors, users, and businesses, still believed in the original vision of Bitcoin — a low-fee, peer-to-peer electronic cash system that could be used by all the people of the world. 

With the inception of BCH, the network now supports up to 32MB blocks with ongoing research to allow massive future increases.

As per the BCH website, Bitcoin Cash is resistant to political and social attacks on protocol development. No single group or project can control it. Multiple implementations also provide redundancy to ensure that the network retains 100% uptime.

Bitcoin Cash (BCH) Market Overview

🪙 Name Bitcoin Cash
💱 Symbol BCH
🏅 Rank #14
💲 Price $634.02885355
📊 Price Change (1h) 6.68 %
📊 Price Change (24h) 11.42 %
📊 Price Change (7d) 56.19 %
💵 Market Cap $12479181768.4
💸 Circulating Supply 19682356.25 BCH
💰 Total Supply 19682356.25 BCH

Bitcoin Cash (BCH) is currently trading at $634.02885355 and sits at number #14 on CoinMarketCap in terms of market capitalization. There are 19682356.25 BCH coins currently in circulation, bringing the total market cap to $12479181768.4.

Over the past 24 hours, Bitcoin Cash has increased by 11.42%. Looking at the last week, the coin is up by 56.19%.

Analysts’ Views on Bitcoin Cash

The US arm of Binance, BinanceUS tweeted that it will support the upgrade to Bitcoin Cash. Furthermore, it ensured its users that trading will not be affected. 

Kim Dot Com an entrepreneur, suggested his followers try Bitcoin Cash if they found that BTC to be too expensive.

BCH Current Market Status

The maximum supply of Bitcoin Cash (BCH) is 21,000,000 BCH, while its circulating supply is 19,611,713 BCH, according to CoinMarketCap. At the time of writing, BCH is trading at $290 representing a 24-hour increase of 14.43%. The trading volume of BCH in the past 24 hours is $801,217,333 which represents a 14.46%% increase.

Some top cryptocurrency exchanges for trading Bitcoin Cash  (BCH) are Binance, Coinbase, KuCoin, and Kraken.

Now that you know BCH and its current market status, we shall discuss the price analysis of  Bitcoin Cash (BCH) for 2024.

Bitcoin Cash (BCH) Price Analysis 2024

Will the BCH’s blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industry affect BCH’s sentiment over time? Read more to find out about BCH’s 2024 price analysis.

Bitcoin Cash (BCH) Moving Average Convergence and Divergence (MACD) 

The Moving Average Convergence and Divergence indicators use two exponential moving averages (ema)  to find how the cryptocurrency is doing. Usually, the longer EMA is the 26-Day EMA and the shorter is the 12-Day EMA. The MACD is found by reducing the 12-day EMA from the 26-day EMA. If the MACD is positive that means the crypto is performing but if it’s negative, then it is losing value.

BCH/USDT 1-Day Chart Showing Moving Average Convergence and Divergence (Source: Tradingview)

The above chart shows the behavior of both the 26-day and the 12-day EMA. As stated above the MACD line is in the positive region when the 12-day EMA is greater or above the 26-day EMA. The Signal line which is a 9-day EMA is set as a standard to gauge how the MACD is doing with respect to it. Currently, the MACD reads a value of 7.4 and it is above the Signal line. 

The MACD heat map which has green and red markings on the chart denotes the trends that BCH has been going through in the past. The red indicates the periods where BCH lost value while the green represents occasions where BCH gained value. 

At press time the trend is green or bullish and BCH is above both EMA’s (26 and 12). This shows that BCH is performing better well. 

Moreover, traders usually use the MACD crossovers to enter the market. For instance, a trader who wants to go long may enter the market at when the MACD line crosses just above the Signal line.  

Bitcoin Cash (BCH) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.

BCH/USDT 1-Day Chart Showing Bollinger Bands  (Source: Tradingview)

When considering the above chart, we can see the expansion of the bands. This denotes more volatility, which means the price could fall or increase by a large margin. Furthermore, the green rectangle denotes a period of BCH touching the lower band or being oversold for some time. However, we can see that the trend changed fast and BCH rose towards the upper band

BCH/USDT 1-Day Chart Showing Bollinger Bands  (Source: Tradingview)

The above chart shows that BCH has been moving sideways since July 2023. It had short bursts of uptrends and downtrends but there was nothing that was commendable. Currently, BCH has gone above the upper Bollinger band and it is overbought. There is a possibility that the market could correct the prices and BCH could retrace. 

The Bollinger bandwidth percentile reads a value of 88% and the line seems to be moving in the upward direction. This shows that the bands may widen and the prices of BCH may increase or decrease by a large margin. 

However, with positive sentiments engulfing the market with BTC halving around the corner, there is every possibility that BCH could gain value rather than lose.  

Bitcoin Cash (BCH) Price Analysis- Relative Strength Index 

The Relative Strength Index is an indicator that is used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions. 

When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold, many are selling, as such, its price is undervalued.

BCH/USDT 1-Day Chart Showing Relative Strength Index (Source: Tradingview)

The Signal on the RSI indicator acts as a yardstick to gauge how the RSI is performing relative to it. As such when the RSI is above the Signal line BCH is considered bullish and when the RSI is below the Signal line BCH is considered bearish. 

A divergence occurs when the price of the cryptocurrency moves in the opposite direction, to that of the RSI. For example,  when the crypto makes a higher high, the RSI should make a higher high. However, in the event that the RSI makes a lower high, then it is called a bearish divergence. If it happens vice versa, then it is a bullish divergence. 

BCH/USDT 1-Week Chart Showing Relative Strength Index (Source: Tradingview)

The above chart which uses the RSI cyclic indicator reads a value of 63. And the line seems to be heading towards the overbought line. Unlike the RSI which has static overbought and oversold regions, the RSI cyclic indicator is much more sensitive with the overbought and oversold boundaries. It adjusts according to the market variation making the result more accurate. 

The Connor RSI indicator used in the chart above has three components to it. Namely, the RSI, the Updown length, and the Rate of Change (ROC). The RSI is the traditional relative strength index indicator, and the Updown length indicator measures the number of consecutive days that a security price has either closed up (higher than the previous day) or closed down (lower than previous days). The ROC measures the change from one period to another. 

The combination of all three gives the Connors RSI value. Unlike the RSI which has 30 and 70 as the standard oversold and overbought region Connors has 10 and 90 as its standard. Currently, the Connors RSI reads a value of 89 and the line might crossover to the overbought region and the market could correct the prices. 

Since the Connors RSI gives early signals and these could turn out to be false, traders may need to use a combination of indicators to determine the market.

Bitcoin Cash (BCH) Price Prediction 2024-2030 Overview

YearMinimum PriceAverage PriceMaximum Price
2024$350$440$500
2025$800$1500$2000
2026$500$800$900
2027$750$1000$1100
2028$900$1250$1400
2029$1500$1900$2300
2030$1350$1600$1800
2040$2000$2500$2600
2050$2850$3400$3750

Bitcoin Cash (BCH) Price Prediction 2024

BCH/USDT 1-Day Chart ( Source: Tradingview)

The above chart shows that since mid-August 2023, BCH has been forming the bear flag. There is a high probability that the completion of the bear flag would be when the price reaches the Resistance level (≅$300) as shown in the chart. Currently, BCH is testing the upper trendline and it may come down and touch the lower trendline. This zig-zag pattern inside the flag may continue until BCH reaches the resistance level. 

Once BCH completes the bear flag, it may break out. If this break out is conventional, then, as per the theory of a bear flag break, the price of BCH could reach support level 2 (≅$115). This support level is deduced by transposing the length of the flag pole. However, there could be some resistance to BCH’s crash near the retracement level since it is the Point of Control (PoC). 

On the flip side, the market is full of positive sentiment and the traders have their hopes high as the BTC halving is approaching. In this context, the question is, will BCH actually fall by obeying the bear flag pattern?

BCH/USDT 1-Week Chart ( Source: Tradingview)

The weekly chart shows that BCH is trading near the Support 1 zone. A break out from the bear flag would have BCH tumbling into the support level 2. However, in the weekly chart, BCH has not fallen from support level 1 but has risen (2020). Hence, if BCH replicates its 2020 trading pattern, there is a high chance that it could reach resistance level 1 ( $440-$480) by the end of 2024. 

However, the bulls may need to do a lot of work as PoC, or the price at which most units of BCH were bought is close to where BCH is at present. Some sellers may refrain from selling at this level and others sellers may join the bandwagon and expand their portfolio by buying more BCH. 

Bitcoin Cash (BCH) Price Prediction – Resistance and Support Levels

BCH/USDT 1-Day Chart Showing Resistance and Support Level (Source: Tradingview)

The above chart shows that BCH has been heavily dependent on Support Level 1 (≆230). This area has acted as a launch pad for BCH to spike. Only during harsh market conditions did BCH crash below Support 1. Support 2 has been merely a temporary resting area whereas support level 3 has been the proper support for BCH. 

When considering the Resistance levels, both, Resistance Level 1 and Resistance Level 2 have been a temporary place for BCH to rest on its way up. 

BCH/USDT 1-Day Chart Showing Resistance and Support Level (Source: Tradingview)

The above chart shows resistance and support levels by volume. The red highlighted areas denote the resistance levels while the green highlights indicate the support levels. The thicker lines (light colored) are the longer durations like 1 week and 1 day while the shorter (darker colored) are for shorter time frames like 12 hours. BCH’s current trading area has a lot of shorter timeframe resistance and support levels. There are many levels overlapping each other. However, with the increase in price, it could be noted that there is a visible gap in resistance and support levels.  

Bitcoin Cash (BCH) Prediction 2025

BCH  may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, BCH will continue to rise in 2025 forming new resistance levels. It is expected that BCH would trade beyond the $1,500 level.

Bitcoin Cash (BCH) Prediction 2026

It is expected that after a long period of bull run, the bears will come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, BCH could tumble into its support regions. During this period of price correction, BCH could lose momentum and be way below its 2025 price. As such, it could be trading at $800 by 2026. 

Bitcoin Cash (BCH) Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, there’ll be a dip in price before the excitement will be reciprocated in BCH. As such, we could expect BCH to trade at around $1,000 by the end of 2027.

Bitcoin Cash (BCH) Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, BCH  may reciprocate its past behavior during the BTC halving. Hence, BCH would be trading at $1,250 after experiencing a considerable surge by the end of 2028. 

Bitcoin Cash (BCH) Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, BCH could be trading at $1,900 by the end of 2029.

Bitcoin Cash (BCH) Prediction 2030

After witnessing a bullish run in the market, BCH and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, BCH could be trading at $1,600.

Bitcoin Cash (BCH) Prediction 2040

The long-term forecast for BCH  indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. 

If they start selling then BCH  could fall in value. It is expected that the average price of BCH could reach $2,500 by 2040.

Bitcoin Cash (BCH) Prediction 2050

Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such BCH could reach $3,400. 

Conclusion

If investors continue showing their interest in BCH and add these tokens to their portfolio, it could continue to rise. BCH’s bullish price prediction shows that it could reach the $440 level. 

FAQ

What is Bitcoin Cash?

Bitcoin Cash (BCH) is a hard fork of Bitcoin that emerged as a result of an attempt to increase the maximum block size of Bitcoin.

How to buy BCH tokens? 

BCH tokens can be traded on many exchanges like other digital assets in the crypto world. Binance, Coinbase, KuCoin, and Kraken are some of them. 

Will the BCH token surpass its present ATH?

BCH has a possibility of surpassing its present all-time high (ATH) price of $4,355.62. However, due to the positive sentiments of its investors, this could be reached within a short frame of time.

Can BCH reach $500 soon? 

BCH is one of the few cryptocurrencies that has shown resilience for many days. Although it is trading inside a bear flag, there is a high chance that it could spike given the positive market sentiments and it could reach $440.

Is BCH a good investment? 

BCH has been one of the most suitable investments in the crypto space. It has been rising exponentially, hence, traders may be allured to invest in BCH.

What is the present all-time low price of BCH?

BCH has a present all-time low price of $75.08.

What is the present all-time high price of BCH?

BCH has a present all-time high price of $4,355.

What is the maximum supply of BCH?

The maximum supply of BCH is unavailable.

Where do I store BCH? 

BCH can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the BCH price in 2024?

BCH is expected to reach $440 by 2024.

What will be the BCH price in 2025?

BCH is expected to reach $1,500 by 2025.

What will be the BCH price in 2026?

BCH is expected to reach $800 by 2026.

What will be the BCH price in 2027?

BCH is expected to reach $1,000 by 2027.

What will be the BCH price in 2028?

BCH is expected to reach $1,250 by 2028.

What will be the BCH price in 2029?

BCH is expected to reach $1,900 by 2029.

What will be the BCH price in 2030?

BCH is expected to reach $1,600 by 2030.

What will be the BCH price in 2040?

BCH is expected to reach $2,500 by 2040.

What will be the BCH price in 2050?

BCH is expected to reach $3,400 by 2050.

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. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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