intermediate
Bitcoin Cash is one of those cryptocurrencies that many people have heard of but don’t really know what it is. BCH is still often seen as nothing but Bitcoin’s sidegrade and only spoken of in the context of discussing Bitcoin forks. However, it has shown a lot of promise and is currently one of the 30 biggest cryptocurrencies in the world.
As with any other cryptocurrency, it is hard to say whether Bitcoin Cash will be a good investment or not. Yet, its high market cap and solid technical foundation, as well as great potential usability, can help to keep its price afloat if the market crashes.
Bitcoin Cash Overview
Our real-time BCH to USD price update shows the current Bitcoin Cash price as $113.83 USD.
According to our Bitcoin Cash price prediction, BCH price is expected to have a 3.62% decrease and drop as low as by May 13, 2023.
Our technical indicators signal about the Bearish Bullish 3% market sentiment on Bitcoin Cash, while the Fear & Greed Index is displaying a score of 52 (Neutral).
Over the last 30 days, Bitcoin Cash has had 14/30 (47%) green days and 4.80% price volatility.
Bitcoin Cash (BCH) Technical Overview
When discussing future trading opportunities of digital assets, it is essential to pay attention to market sentiments.
Bitcoin Cash (BCH) Price Prediction For Today, Tomorrow and Next 30 Days
Bitcoin Cash Prediction Table
Bitcoin Cash Historical
According to the latest data gathered, the current price of Bitcoin Cash is $$112.60, and BCH is presently ranked No. 29 in the entire crypto ecosystem. The circulation supply of Bitcoin Cash is $2,183,107,080.21, with a market cap of 19,388,506 BCH.
In the past 24 hours, the crypto has increased by $5.25 in its current value.
For the last 7 days, BCH has been in a good upward trend, thus increasing by 4.11%. Bitcoin Cash has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.
During the last month, the price of BCH has increased by 12.66%, adding a colossal average amount of $14.25 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.
Bitcoin Cash Price Prediction 2023
According to the technical analysis of Bitcoin Cash prices expected in 2023, the minimum cost of Bitcoin Cash will be $102.47. The maximum level that the BCH price can reach is $125.30. The average trading price is expected around $148.13.
BCH Price Forecast for May 2023
Based on the price fluctuations of Bitcoin Cash at the beginning of 2023, crypto experts expect the average BCH rate of $111.38 in May 2023. Its minimum and maximum prices can be expected at $104.83 and at $117.94, respectively.
June 2023: Bitcoin Cash Price Forecast
Cryptocurrency experts are ready to announce their forecast for the BCH price in June 2023. The minimum trading cost might be $102.47, while the maximum might reach $135.12 during this month. On average, it is expected that the value of Bitcoin Cash might be around $118.80.
BCH Price Forecast for July 2023
Crypto analysts have checked the price fluctuations of Bitcoin Cash in 2023 and in previous years, so the average BCH rate they predict might be around $130.12 in July 2023. It can drop to $113.10 as a minimum. The maximum value might be $147.13.
August 2023: Bitcoin Cash Price Forecast
In the middle of the year 2023, the BCH price will be traded at $132.62 on average. August 2023 might also witness an increase in the Bitcoin Cash value to $148.13. It is assumed that the price will not drop lower than $117.11 in August 2023.
BCH Price Forecast for September 2023
Crypto experts have analyzed Bitcoin Cash prices in 2023, so they are ready to provide their estimated trading average for September 2023 — $129.12. The lowest and peak BCH rates might be $112.10 and $146.13.
October 2023: Bitcoin Cash Price Forecast
Crypto analysts expect that at the end of summer 2023, the BCH price will be around $129.12. In October 2023, the Bitcoin Cash cost may drop to a minimum of $114.10. The expected peak value might be $144.13 in October 2023.
BCH Price Forecast for November 2023
Having analyzed Bitcoin Cash prices, cryptocurrency experts expect that the BCH rate might reach a maximum of $144.13 in November 2023. It might, however, drop to $118.81. For November 2023, the forecasted average of Bitcoin Cash is nearly $131.47.
December 2023: Bitcoin Cash Price Forecast
In the middle of autumn 2023, the Bitcoin Cash cost will be traded at the average level of $124.61. Crypto analysts expect that in December 2023, the BCH price might fluctuate between $111.10 and $138.12.
Bitcoin Cash Price Prediction 2024
After the analysis of the prices of Bitcoin Cash in previous years, it is assumed that in 2024, the minimum price of Bitcoin Cash will be around $196.87. The maximum expected BCH price may be around $251.27. On average, the trading price might be $204.25 in 2024.
Bitcoin Cash Price Prediction 2025
Based on the technical analysis by cryptocurrency experts regarding the prices of Bitcoin Cash, in 2025, BCH is expected to have the following minimum and maximum prices: about $283.69 and $339.37, respectively. The average expected trading cost is $293.90.
Bitcoin Cash Price Prediction 2026
The experts in the field of cryptocurrency have analyzed the prices of Bitcoin Cash and their fluctuations during the previous years. It is assumed that in 2026, the minimum BCH price might drop to $415.26, while its maximum can reach $489.17. On average, the trading cost will be around $427.02.
Bitcoin Cash Price Prediction 2027
Based on the analysis of the costs of Bitcoin Cash by crypto experts, the following maximum and minimum BCH prices are expected in 2027: $730.85 and $611.28. On average, it will be traded at $632.63.
Bitcoin Cash Price Prediction 2028
Crypto experts are constantly analyzing the fluctuations of Bitcoin Cash. Based on their predictions, the estimated average BCH price will be around $928.16. It might drop to a minimum of $896.53, but it still might reach $1,058.54 throughout 2028.
Bitcoin Cash Price Prediction 2029
Every year, cryptocurrency experts prepare forecasts for the price of Bitcoin Cash. It is estimated that BCH will be traded between $1,328.56 and $1,587.28 in 2029. Its average cost is expected at around $1,374.96 during the year.
Bitcoin Cash Price Prediction 2030
Cryptocurrency analysts are ready to announce their estimations of the Bitcoin Cash’s price. The year 2030 will be determined by the maximum BCH price of $2,312.21. However, its rate might drop to around $2,008.24. So, the expected average trading price is $2,076.98.
Bitcoin Cash Price Prediction 2031
After years of analysis of the Bitcoin Cash price, crypto experts are ready to provide their BCH cost estimation for 2031. It will be traded for at least $2,848.36, with the possible maximum peaks at $3,523.01. Therefore, on average, you can expect the BCH price to be around $2,931.44 in 2031.
Bitcoin Cash Price Prediction 2032
Cryptocurrency analysts are ready to announce their estimations of the Bitcoin Cash’s price. The year 2032 will be determined by the maximum BCH price of $4,965.82. However, its rate might drop to around $3,990.43. So, the expected average trading price is $4,137.01.
Bitcoin Cash (BCH) Review
Bitcoin Cash is a hard fork of Bitcoin. The coin split from the original protocol back in 2017 amid rising concerns about scalability, slow transaction speed, and high fees. Additionally, there was a conflict in the Bitcoin community surrounding the true purpose of the coin, which Satoshi Nakamoto outlined as being a truly decentralized peer-to-peer digital payment method. Many participants felt like the original Bitcoin did not represent those values anymore.
However, the Bitcoin Cash of today is not exactly the same coin it was in 2017. BCH itself also went through a hard fork: in 2018, it split into Bitcoin ABC (now known as Bitcoin Cash) and Bitcoin SV (“Satoshi’s Vision”). The fork was made because the community disagreed on the future of the cryptocurrency, in particular in regard to block size.
Initially, BCH had a block size limit of 8MB. This allowed the coin to lower its fees and increase its transaction throughput. Since then, its block size has increased even more and is equal to 32MB at the moment.
Despite the benefits this coin can provide, there are quite a few things that stand between BCH and greatness. Firstly, there’s the original Bitcoin: most investors still choose it over the more technically advanced Bitcoin Cash. Not only is BCH overlooked as a profitable investment, but it is also not being taken anywhere near as seriously as BTC when it comes to everyday usage. Many marketplaces still only accept BTC as payment, leaving out all the altcoins.
We think that lack of usage for its intended purposes is the second obstacle that impedes BCH price growth. While, in theory, this coin does have an excellent block capacity, which leads to high transaction throughput, in reality, only a small percentage of BCH is actively being used — less than 5%.
Bitcoin Cash Price History
Bitcoin Cash has a rather curious price history: at the time of writing this article, in the middle of February 2022, the coin is worth almost as much as in 2017. At launch, the BCH price was around $440, whereas now it’s hovering around in the $300-350 range.
Source: CoinMarketCap
In fact, what sets BCH apart from other popular cryptocurrencies like the original Bitcoin or Ethereum is how little dynamic its price had over the years. Although there were some price spikes, the value of Bitcoin Cash pretty much always went back to the $300-400 range. Most other cryptocurrencies that get ranked in the top 30 by market cap usually see their average prices rise over the course of the years — but not BCH.
On the one hand, that can be seen as a good thing — after all, cryptocurrencies are often criticized for being volatile, but on the other, it raises a lot of questions. Will BCH ever be able to break out of this pattern and hit not only a new maximum price but also increase its average value, too? Only time will tell. At the moment, we can only point out that historical data shows the relative stability of this coin and its resistance to market crashes.
Bitcoin Cash Price Predictions for 2023 by Experts
Cryptocurrency prices are notoriously volatile and thus near impossible to predict. However, it can still be useful to look at what different experts think may happen to the value of an asset in the future.
Bitcoin Cash is currently (as of 02/18/22) ranked 27th by market capitalization. It is a well-known and well-established coin that has already carved out a place for itself in the cryptocurrency market. As a result, there are a lot of crypto traders, investors, and other experts watching it and trying to make a Bitcoin Cash forecast. Here are some of the Bitcoin Cash price predictions we have seen.
Wallet Investor
Wallet Investor is bullish on BCH. Their Bitcoin Cash price forecast has the coin doubling in value in just a year. Their experts also expect BCH to cross over the $1100 mark by 2026 — an undoubtedly very optimistic prediction. WI sees Bitcoin Cash as a good long-term investment but is still bearish on it in the short term.
Gov Capital
Gov Capital is also bullish on BCH in the long term, but their Bitcoin Cash forecast is a bit more conservative. Their experts predict that instead of 100%, the coin will “only” grow by 33% in a year.
However, it has to be noted that their Bitcoin Cash prediction is rather weird: they are expecting this cryptocurrency to drop down to as low as $30 and can even see it potentially reaching a minimum price of $16. Moreover, they’re predicting that this will happen mere days before the coin hits $400.
Overall, Gov Capital’s Bitcoin Cash price prediction is incredibly volatile as they can see the BCH price constantly going from $20 to $400. If you were to take their Bitcoin Cash forecast seriously, then you would have to be an expert at finding the appropriate entry/exit points to buy and sell Bitcoin Cash at the best moments for making a profit.
TradingBeasts
Unlike the two previous experts, TradingBeasts are bearish on BCH in the long run. They think Bitcoin Cash’s price will drop by over 15% by the end of 2022. However, their Bitcoin Cash prediction is bullish from 2023 onward: they think the coin will see a 100% return by the end of 2025.
Digital Coin Price
Digital Coin Price is bullish on BCH. Their forecasted Bitcoin Cash price for the beginning of 2023 is $515.
Other Crypto Experts
Here’s the real-time result of the Bitcoin Cash technical analysis performed by Trading View.
At the time of writing this article (02/18/22), technical analysis of this coin has shown the “sell” signal, indicating that experts are bearish on BCH in the short run. This aligns perfectly with all the other Bitcoin Cash predictions we have seen — none of them expect any growth for this coin in the near future. Such consistency across many predictions is rather convincing. Besides, BCH does not seem to be prone to sharp price spikes and crashes.
Our real-time BCH to USD price update shows the current Bitcoin Cash price as $113.83 USD.
According to our Bitcoin Cash price prediction, BCH price is expected to have a 3.62% decrease and drop as low as by May 13, 2023.
Our technical indicators signal about the Bearish Bullish 3% market sentiment on Bitcoin Cash, while the Fear & Greed Index is displaying a score of 52 (Neutral).
Over the last 30 days, Bitcoin Cash has had 14/30 (47%) green days and 4.80% price volatility.
Bitcoin Cash (BCH) Technical Overview
When discussing future trading opportunities of digital assets, it is essential to pay attention to market sentiments.
Bitcoin Cash (BCH) Price Prediction For Today, Tomorrow and Next 30 Days
As a popular, well-established cryptocurrency with a solid technical foundation and a great community backing it, Bitcoin Cash does, in theory, have the potential to go to the moon again sometime in the future. However, that will depend on how the cryptocurrency market behaves in the next few months and how it responds to any potential regulations.
If all goes well, and the crypto market continues to follow the trajectory it established for itself in 2017-2021, then BCH will have growth potential and will be a good investment. Cryptocurrencies like Bitcoin Cash, which facilitate quick and efficient crypto transactions, also stand to gain a lot if digital currencies become the norm in everyday payments.
Here’s our tentative Bitcoin Cash forecast for 2022-2030. Please note that this is not investment advice, and remember to do your own research before buying or selling any cryptocurrencies.
Where Can You Buy Bitcoin Cash?
There are many cryptocurrency exchanges that allow you to sell and buy Bitcoin Cash. On Changelly, you can purchase BCH with over 40 different fiat currencies at fair rates and quickly and easily exchange it for 200+ cryptocurrencies with low fees.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
Source: https://changelly.com/blog/bitcoin-cash-bch-price-prediction/
