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Kiến Thức Bitcoin Cash Price Prediction: Will It Reach Great Heights Again?

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Kiến Thức Bitcoin Cash Price Prediction: Will It Reach Great Heights Again?
Kiến Thức Bitcoin Cash Price Prediction: Will It Reach Great Heights Again?

All financial markets have ups and downs, and Bitcoin Cash fits this rule just like any other cryptocurrency. But due to its novelty, these cycles of increase or decrease are particularly strong. These factors don’t make traders’ lives any easier.

Before you do anything — buy, sell or hodl — it’s good to be as informed as you can possibly be. In this article, we’ll be taking a close look at the Bitcoin Cash price prediction. Keep reading to limit your risks and anticipate the movements using our analysis and your own.

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What Is Bitcoin Cash (BCH)?

On 1 August 2017, Bitcoin’s developers initiated a hard fork to increase the block size, which marked the start of Bitcoin Cash. The split was the final phase of the so-called ‘civil war’ in the Bitcoin community and the camp that was successfully supported by Roger Ver and Jihan Wu.

BCH works just like BTC. It’s a decentralised, peer-to-peer, electronic cash system that acts as a public ledger for transactions and nothing more. Block authentication is done through a proof-of-work algorithm, which means that people can mine it and are rewarded with coins.

However, we should still point out some of the differences between these cryptocurrencies.

Bitcoin

Bitcoin Cash

Block size

1 MB

8 MB

Daily transaction limit

Up to 250,000

Up to 2 million

Technology

SegWit

SecureSigs

Difficulty adjustment

Every two weeks

Every block

Average blocks per hour

5

6

You can learn a lot about BCH from the recent documentary called Bitcoin Cash: The Road to Mass Adoption. The video shows what the team is working on and their plans for 2021. Everything is told directly by its builders, funders, specialists and promoters.

The documentary Bitcoin Cash: The Road to Mass Adoption

What Affects Bitcoin Cash’s Price: Main Factors

The ultra-volatile nature of crypto isn’t haphazard. In fact, there are multiple factors that traders can and should track to anticipate the next move. The same goes for any BCH price prediction: analysts try to identify what influences the prices and base their forecasts on these factors.

Below are some of the most important ones.

Adoption

The Bitcoin Cash forecast is going to get better and better if businesses or consumers continue to adopt it. Considering the benefits of this system (costs, processing time and simplicity), it’s definitely a possibility.

For example, if everything goes to plan, Google and Samsung will be adding the cryptocurrency’s functionality to their payment methods. That’s great news: with millions of users having access to crypto (Bitcoin, Bitcoin Cash, BUSD, Ether, PAX and GUSD), the prices are going to be positively affected.

Protocol Changes

Bitcoin Cash has no official roadmap, but that doesn’t mean that it’s not moving anywhere. After all, there’s an unofficial roadmap. The most recent network upgrade was on 15 November 2020. Although no drastic changes were implemented, it’s comforting that the team makes an effort to preserve Bitcoin Cash’s sound money properties (emission schedule, the SHA-256 mining algorithm, low fees, etc.).

Whatever the team is going to implement next (and in the distant future, as well) is going to have an effect. If the changes go well, expect a rise in value.

Events in the Bitcoin Community

The decisions made by the community affect the Bitcoin community and, therefore, the entire ecosystem.

This was exactly what happened when BCH was first launched, the same thing as with Bitcoin SV (more on that later). Both times, the separation into two separate blocks according to different rules was caused by the lack of consensus in the community. Periods of Bitcoin’s instability are still very influential for Bitcoin Cash, which is no surprise.

Press

Prices can be affected by public perception, security and longevity. History shows that the media is the most important influence on the price of any currency. So, greater media coverage, a better overall understanding and a positive image are all great for BCH’s value.

Bitcoin Cash’s (BCH) Historical Price Analysis

Any Bitcoin Cash price prediction takes historical data into account. So, this is where we’re going to start, as well.

In 2017, when Bitcoin Cash had just launched, the project quickly attracted lots of investor attention. Because of its affiliation with BTC, it reached its all-time high within the first 6 months of existence, $3,667 on 21 December 2017. Mind you, the price at launch was $543, which is much higher than it is for most coins.

CoinMarketCap all-time high
CoinMarketCap all-time high

The following year, 2018, was rough for Bitcoin Cash and all cryptocurrencies. Those familiar with the events of 2018 might remember that the crypto market was crashing. January 2018 marked the start of the so-called crypto winter that lasted a year and a half.

Bitcoin Cash was holding on rather well compared to the competition. It even experienced a few peaks over the course of the year.

The real problem was another BTC hard fork that appeared in November 2018. Because of certain disagreements in the community, Bitcoin Cash’s new rival, Bitcoin SV (BSV), had been created and was a contributing factor to BCH’s downfall at the time. The all-time low is still $81 that happened on 15 December 2018.

CoinMarketCap all-time low
CoinMarketCap all-time low

It didn’t see the same type of price growth it had seen in 2017. Not only was it not successful at reaching its peak value, but it also wasn’t particularly successful at even exceeding its launch price. For almost two years, the price wasn’t any higher than the $300 mark.

How Is Bitcoin Cash Performing Now?

After the 2020 pandemic broke out, the world entered a long period of hibernation, which was reflected in the financial markets. The BCH situation could be described as stable for many months.

Bitcoin Cash
Bitcoin Cash’s performance in 2020-2021

Bitcoin, as the flagbearer, took the crypto market back up. Starting from the second half or even late 2020, the crypto market has been in a major bull run. If we’re assessing the overall sentiment, it’s a positive one.

That said, Bitcoin Cash’s still under intense pressure. In late February, it climbed to a whopping $722 but has dropped to around $530 since then. Currently, its total market capitalisation sits at $9,935,136,853, making it the 10th largest cryptocurrency in the world.

How Bitcoin Cash (BCH) Will Perform in the Short Term (2021)

As always, we’re going to highlight different points of view, from the most pessimistic to the most optimistic.

Let’s start off the Bitcoin Cash price prediction with Wallet Investor. Below is a chart with their projections showing drastic changes throughout 2021. This source expects the coin to dip and then recover by the end of the year.

Wallet Investor
Wallet Investor’s short-term forecast

Moving along to figures, we have TradingBeasts. Out of all forecasts available online, this platform paints a rather sad picture. Over the course of this year, TradingBeasts assures that the prices will continue to fall 10-15% on average each month.

Month

Minimum Price

Maximum Price

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Average Price

Change

April 2021

$352.368

$518.189

$414.551

-15.88%

May 2021

$355.586

$522.921

$418.336

-15.12%

June 2021

$359.314

$528.403

$422.722

-14.23%

July 2021

$363.316

$534.288

$427.430

-13.27%

August 2021

$367.858

$540.967

$432.774

-12.19%

September 2021

$372.810

$548.250

$438.600

-11.00%

October 2021

$377.985

$555.861

$444.689

-9.77%

November 2021

$383.725

$564.301

$451.441

-8.40%

December 2021

$389.630

$572.985

$458.388

-6.99%

We can identify a few things that can contribute to negative price development:

  • Limited use case. This cryptocurrency doesn’t offer additional perks, making it harder to withstand competition. There are many other projects that are based on real-life value and practical applications, which isn’t the case for BCH.
  • Benevolence of the two individuals. Roger Ver and then Bitmain’s Jihan Wu are the main faces of the project. If they choose to depart from it (or direct their wealth elsewhere), the coin isn’t likely to get back on track.
  • Sole support from miners. Finally, Bitcoin Cash is being pushed primarily by miners. So, the blockchain must always be profitable for miners. Otherwise, they’re not going to participate, which would lead to price drops.

On the other end of the spectrum, Long Forecast offers a positive prediction. According to this source, the price increase is going to be modest for the first quarter. After that, Bitcoin Cash might take on momentum and rise by 50-100% each month.

Month

Open

Low-High

Close

Mo,%

Total,%

March 2021

$468

$319-$579

$504

7.7%

7.7%

April 2021

$504

$470-$597

$505

0.2%

7.9%

May 2021

$505

$505-$627

$586

16.0%

25.2%

June 2021

$586

$586-$717

$670

14.3%

43.2%

July 2021

$670

$670-$783

$732

9.3%

56.4%

August 2021

$732

$732-$908

$849

16.0%

81.4%

September 2021

$849

$849-$1050

$981

15.5%

110%

October 2021

$981

$766-$981

$824

-16.0%

76.1%

November 2021

$824

$706-$824

$759

-7.9%

62.2%

December 2021

$759

$759-$942

$880

15.9%

88.0%

To balance out the reasons why BCH might fail, we also need to figure out why it might go up and rise in price:

  • Fast, cheap transactions. The convenience of transactions is primarily what attracts users, online businesses and merchant accounts to Bitcoin Cash. In the future, merchant fee savings will be notable possible success propellers.
  • Established reputation. The connection to Bitcoin as the original lends Bitcoin Cash a substantial reputation. While not everybody has yet fully embraced blockchain technology, close ties to BTC are very helpful.
  • Rapid adoption. Upcoming collaborations with online merchants and payment systems are a key step forward for the coin’s widespread use. And as you probably know, with wider adoption, prices tend to surge.
  • Improvements and implementation. The project isn’t staying still; we might be seeing changes soon.

Digital Coin Price supports the positive outlook and presents another great Bitcoin Cash forecast for 2021.

Month

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Average Price

Change

March 2021

$815.8

63.85%

April 2021

$774.58

55.57%

May 2021

$688.69

38.32%

Jun 2021

$710.36

42.67%

Jul 2021

$647.59

30.07%

August 2021

$734.72

47.57%

September 2021

$676.22

35.82%

October 2021

$803.23

61.33%

November 2021

$675.23

35.62%

December 2021

$672.8

35.13%

Bitcoin Cash Prediction for 2022

Going into 2022, TradingBeasts doesn’t give the rosiest Bitcoin Cash prediction once again. However, it’s an obvious improvement from 2021.

In January-April, Bitcoin Cash might hover in the negatives: about -3% on average. Deeper into the year, prices might experience noticeable growth: up to 15% by the end of the year.

Month

Minimum Price

Maximum Price

Xem thêm: Tổng Hợp Bitcoin thâm nhập vào Việt Nam như thế nào? | The NXT Coin

Average Price

Change

January 2022

$396.084

$582.477

$465.982

-5.45%

February 2022

$402.877

$592.466

$473.973

-3.83%

March 2022

$409.284

$601.889

$481.511

-2.30%

April 2022

$416.648

$612.718

$490.174

-0.54%

May 2022

$424.042

$623.591

$498.872

1.23%

June 2022

$431.924

$635.182

$508.145

3.11%

July 2022

$439.763

$646.710

$517.368

4.98%

August 2022

$448.057

$658.907

$527.126

6.96%

September 2022

$456.524

$671.359

$537.087

8.98%

October 2022

$464.862

$683.620

$546.896

10.97%

November 2022

$473.615

$696.492

$557.194

13.06%

December 2022

$482.176

$709.082

$567.266

15.10%

Long Forecast shares a detailed overview of what to expect in 2022. Feel free to compare this table to what’s already been given.

Month

Open

Low-High

Close

Mo,%

Total,%

January 2022

$880

$762-$880

$819

-6.9%

75.0%

February 2022

$819

$727-$837

$782

-4.5%

67.1%

March 2022

$782

$782-$958

$895

14.5%

91.2%

April 2022

$895

$699-$895

$752

-16.0%

60.7%

May 2022

$752

$588-$752

$632

-16.0%

35.0%

June 2022

$632

$632-$784

$733

16.0%

56.6%

July 2022

$733

$646-$744

$695

-5.2%

48.5%

August 2022

$695

$543-$695

$584

-16.0%

24.8%

September 2022

$584

$584-$724

$677

15.9%

44.7%

October 2022

$677

$529-$677

$569

-16.0%

21.6%

November 2022

$569

$449-$569

$483

-15.1%

3.2%

December 2022

$483

$378-$483

$406

-15.9%

-13.2%

Unsurprisingly, Digital Coin Price forecasts some of the best prices. Judging by their analysis, we might see price surges of up to 80-90%. The highest price for the year might be $967.26 in January.

Month

Average Price

Change

January 2022

$967.26

93.79%

February 2022

$750.08

50.28%

March 2022

$867.74

73.85%

April 2022

$758.14

51.89%

May 2022

$931.47

86.62%

June 2022

$832.68

66.83%

July 2022

$962.34

92.81%

August 2022

$915.2

83.36%

September 2022

$790.29

58.33%

October 2022

$912.54

82.83%

November 2022

$901.23

80.56%

December 2022

$953.57

91.05%

Long-Term Forecast for 2023, 2024 and 2025

For our 2023 Bitcoin Cash price prediction, we’ll be looking at TradingBeasts. There aren’t crazy price moves, but the trend is clear: upwards and steady. On average, the price might be growing by 25-35% in 2023.

Month

Minimum Price

Maximum Price

Xem thêm: Tổng Hợp Bitcoin thâm nhập vào Việt Nam như thế nào? | The NXT Coin

Average Price

Change

January 2023

$491.109

$722.219

$577.775

17.24%

February 2023

$500.110

$735.456

$588.365

19.38%

March 2023

$508.285

$747.478

$597.983

21.34%

April 2023

Xem thêm: Kiến Thức Pi Network là gì? Có lừa đảo? Có nên tham gia đào Pi coin trên điện thoại không?

$517.359

$760.822

$608.658

23.50%

May 2023

$526.173

$773.784

$619.027

25.61%

June 2023

$535.290

$787.191

$629.753

27.78%

July 2023

$544.110

$800.162

$640.129

29.89%

August 2023

$553.211

$813.545

$650.836

32.06%

September 2023

$562.288

$826.894

$661.515

34.23%

October 2023

$571.042

$839.767

$671.814

36.32%

November 2023

$580.060

$853.029

$682.424

38.47%

December 2023

$588.731

$865.781

$692.625

40.54%

For our 2021 Bitcoin Cash forecast, we’re using a source called CoinsKid. It goes into great detail to illustrate the prices on a monthly basis. Average prices are looking up, starting from $1,300 and going all the way to $1,700.

Month

Price

Minimum

Maximum

Average

Monthly Change%

January 2024

$1,320.64

$1,082.93

$1,531.95

$1,307.44

-11%

February 2024

$1,518.74

$1,214.99

$1,822.49

$1,518.74

15%

March 2024

$1,640.24

$1,476.22

$1,853.47

$1,664.84

8%

April 2024

$1,509.02

$1,403.39

$1,705.19

$1,554.29

-8%

May 2024

$1,282.67

$1,192.88

$1,526.37

$1,359.63

-15%

June 2024

$1,295.49

$1,178.90

$1,489.82

$1,334.36

1%

July 2024

$1,412.09

$1,299.12

$1,652.14

$1,475.63

9%

August 2024

$1,440.33

$1,166.67

$1,685.19

$1,425.93

2%

September 2024

$1,253.09

$1052.59

$1,428.52

$1,240.56

-13%

October 2024

$1,328.27

$1,168.88

$1,474.38

$1,321.63

6%

November 2024

$1,527.51

$1,451.14

$1,664.99

$1,558.06

15%

December 2024

$1,695.54

$1,525.99

$1,983.78

$1,754.88

11%

For the 2025 Bitcoin Cash prediction, check out Digital Coin Price. It’s similar to CoinsKid, putting it into the $1,200-$1,700 price range. Compared to the current Bitcoin Cash prices, the outlook is definitely optimistic.

Month

Average Price

Change

January 2025

$1,293.23

159.1%

February 2025

$1,429.60

186.42%

March 2025

$1,423.97

185.29%

April 2025

$1,397.19

179.93%

May 2025

$1,353.71

171.22%

June 2025

$1,253.61

151.16%

July 2025

$1,377.42

175.97%

August 2025

$1,706.49

241.9%

September 2025

$1,593.35

219.23%

October 2025

$1,454.60

191.43%

November 2025

$1,381.90

176.87%

December 2025

$1,433.02

187.11%

What Will Bitcoin Cash’s Price Be Worth in 2030?

Our final Bitcoin Cash price prediction is for 2030 from Coin Price Forecast. Since we’re going so far into the future, we can’t show a month-by-month perspective. However, the expected growth of 600% gives us enough information.

Year

Mid-Year

Year-End

Tod/End,%

2030

$3,679

$3,845

+676%

In the next 10 years, Bitcoin Cash (as well as BCH ABC) will go through numerous developments. Having such a powerful parent as Bitcoin, Bitcoin Cash is unlikely to disappear into oblivion.

As can be expected, BCH will continue to have close ties with BTC and continue to be affected by its performance. With the similarities and shared history between the two currencies, they’ll share successes and credibility in the cryptocurrency world. But the founders of Bitcoin Cash mustn’t solely rely on the crypto giant; they should also supply users with additional perks, which is what they’ve been doing so far.

Bitcoin Cash Price Analysis

For technical analysis, we’re bringing in charts and graphs. This helps traders understand and read current price movements. Try to spot the general direction in which prices are headed, overlooking individual fluctuations.

BCHUSD on TradingView

Then, you need to place support and resistance levels. Support refers to the price at which buyers start to come in and drive the price up. Resistance is the price at which sellers come to the market and cause the price to fall again.

Currently, these levels fluctuate at the following levels:

  • Resistance: $563, $615
  • Support: $468, $424

Other crucial levels:

  • Entry Level: $478.31
  • Stop-Loss Level: $489.92
  • Take-Profit Level: $454.82
  • Risk-to-Reward Ratio: 2.02

BCH technicals

When we’re talking about technicals, we also need to pay attention to indicators. Moving averages give us a concise and clear image of the market trend for the long term. Oscillators are mostly used to discover short-term overbought or oversold assets. The image above shows that both oscillators and moving averages indicate a strong buy for Bitcoin Cash.

Oscillators:

  • Relative Strength Index (14) – 45.54 – Neutral
  • Stochastic %K (14, 3, 3) – 54.08 – Neutral
  • Awesome Oscillator – 89.34 – Neutral
  • Momentum (10) – 278.53 – Buy
  • MACD Level (12, 26) – 54.43 – Buy

Moving averages:

  • Exponential Moving Average (10) – $368.18 – Buy
  • Simple Moving Average (10) – $332.51 – Buy

When conducting technical analysis yourself, try to keep track of the bigger picture and short-term fluctuation at the same time. While looking at technicals and key levels is crucial for trading decisions, don’t underestimate the value of larger timeframes.

What Does the Community Think About BCH Future?

Many experts and traders are supporting the positive Bitcoin Cash price predictions. We’ve gathered some feedback from the community, and you’ll notice that people are very hopeful about this coin.

Tweet by KimDotcom on 6 February

Tweet by KimDotcom on 11 February

The user from the screenshot below shares an interesting insight: the real value is much higher than the market price, which is why it’s an opportunity to buy low.

Tweet by wisewizzz

Finally, we have a free market advocate listing BCH benefits that are likely to attract growth in the years to come.

Tweet by DavidShares

What Is Better for Bitcoin Cash: Investing or Trading?

Investing — buying and holding crypto tokens — is one of the simplest ways to enter the market. The “buy low, sell high” approach is suitable for mid- to long-term strategies. However, there are drawbacks that you should be aware of. For example, even though the forecasts are promising, BCH may not reach the expected heights, and your position may end up experiencing losses.

To offset the risks of investing, you can turn to buying and selling crypto in short timeframes. One of the ways to master market volatility without having to own an actual asset is to trade BCH through contracts for difference (CFDs). But please note that trading CFDs with leverage can be risky and can lead to losing all of your invested capital. This way, you can take advantage of the constant peaks and valleys the asset goes through. Sign up for a demo account at Libertex and explore different trading possibilities risk-free.

Based on the long-term predictions, BCH is likely to perform worse before it performs better. If you invest, you may potentially get a consistent profit from the long-term uptrend. In the meantime, you can also speculate on the rate rising and falling right here and now.

FAQ

Let’s go over the main points once again.

Is Bitcoin Cash a Good Investment in 2021?

The short-term BCH price prediction isn’t all rosy: we might be seeing a price drop in the near future. But if you’re in for trading gains (even in the falling market) or the long-term hold of your investment, it’s quite a catch.

Is Bitcoin Cash Worth Buying?

Despite recent hurdles, Bitcoin Cash is still one of the largest altcoins (currently ranked 10th). It’s not going anywhere any time soon, and most sources predict a bright future in the next few years.

What Will Bitcoin Cash Be Worth in 2025?

The Bitcoin Cash price prediction from Digital Coin Price sees a price surge of over $1,000. The average values for the year might be around $1,200-$1,700.

Will Bitcoin Cash Recover?

Very likely. Bitcoin Cash has already managed to climb out of the $200-$300 range, where it has been for many months. So, it’s showing strong bullish momentum but with some volatility in the meantime.

What Will Bitcoin Cash Be Worth in 2030?

It’s hard to find accurate predictions, especially for the cryptocurrency market. From what we’ve managed to uncover, there might be significant growth in value: thousands of per cent, to be specific.

Why Is Bitcoin Cash Dropping?

Recently, Bitcoin’s value had jumped by 50%, which was followed by several setbacks in what has been a tumultuous week for Bitcoin. Since BCH is so closely linked to BTC (at least in investors’ minds), the altcoin followed the price drop.

Should I Buy Bitcoin Cash or Bitcoin?

In many ways, Bitcoin is now useless for commerce: the fees became high, and the transactions became slow and unreliable. That’s not to say that one is better than the other, but BCH is more suitable for practical reasons, which should be reflected in its future value.

Could Bitcoin Cash Overtake Bitcoin?

No Bitcoin Cash price prediction can say that it will. Proponents of Bitcoin Cash believed that it could solve the problems of BTC. Even if it fully satisfies this purpose, the value of Bitcoin is beyond any other cryptocurrency’s reach (at least in the next several years).

Danh mục: Tin Tức Coin
Nguồn: https://thenxtcoin.com

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