Bitcoin Cash (BCH) is one of the oldest and most well-known digital currencies that trade every crypto exchange. Bitcoin cash began its journey when it was forked from Bitcoin in 2017. You can easily buy Bitcoin Cash. But are you ready for this? It’s time Bitcoin Cash steals the show from Bitcoin, like in 2017.
Transactions queued up on most platforms, waiting for confirmation because blocks could not handle the increase in transaction size. In order to battle this, Bitcoin Cash increased the size of blocks to between 8 MB and 32 MB, thereby enabling the processing of more transactions per block.
With a less than one penny transaction cost and the potential to process over 100 transactions per second, Bitcoin Cash is a better viable payment platform. Bitcoin Cash can handle around 25,000 transactions per block. In comparison, Bitcoin processes 1,000-1,500 transactions per block. Bitcoin Cash is also considered a safe investment that – despite its bigger blocks – hasn’t been hacked since it was launched..
The downside is Bitcoin Cash doesn’t have the same adoption, acceptance, or demand level as Bitcoin, so investing in the coin for trading may not be a good option. BCH is never at the base of any trading pairs like BTC is, nor does it have anywhere near the level of market cap or price per token. Weighing these considerations, go through our BitcoinCash price prediction and determine whether BCH is a good coin to add to your investment portfolio.
Today’s Bitcoin Cash price is $127.42, with a 24-hour trading volume of $273,324,910. Bitcoin Cash is down 2.15% in the last 24 hours. The current CoinMarketCap ranking is #29, with a live market cap of $2,440,906,716. It has a circulating supply of 19,156,019 BCH coins and a max. supply of 21,000,000 BCH coins.
Let’s look at Bitcoin Cash fundamentals to know more about BCH and determine whether to include the coin in your crypto portfolio.
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What is Bitcoin Cash?
Bitcoin Cash cryptocurrency was created due to a hard fork from the Bitcoin network in 2017. Due to a rise in popularity of Bitcoin among investors, its network got congested, sparking debates on how to solve this issue.
The idea of increasing block size limits was proposed. However, this caused a divide in the developer and miner community, which resulted in a new blockchain being split from the existing Bitcoin blockchain.
Therefore, the Bitcoin Cash blockchain was created and distributed to every BTC holder for free.
Bitcoin Cash is one of the most popular Bitcoin blockchain forks wherein the transaction cost is low. Since then, Bitcoin Cash’s value has reached an all-time high of $4,000 during the 2017 bull run.
Observers noted that Bitcoin Cash also does not have a clearly-defined governance protocol. While other cryptocurrencies, such as Dash and VeChain, have innovated and outlined detailed governance protocols that assign voting rights, the development, and design of Bitcoin Cash seem to be centralized with its development teams. Let’s know more about the Bitcoin Cash price prediction, history, & future of Bitcoin cash.
Later, in 2018 Bitcoin Cash had another fork, resulting in the creation of Bitcoin Cash and Bitcoin SV. Additionally, in 2020 a second major hard fork created Bitcoin Cash ABC.
Bitcoin ABC and Bitcoin SV did not manage to gain much popularity. However, these coins are still available on practically every major cryptocurrency exchange.
Since its creation in 2017, Bitcoin Cash has seen a market cap of over $60 billion during the 2017 bull run. Right now, it trades just below the $10 billion caps after finding minimum value support at $200 last year.
After that, it regained some bullish momentum and returned above $1,000 in May. Bitcoin Cash price is equal to $577.
Like Bitcoin mining, the Bitcoin Cash network uses something called ASIC miners to validate network transactions in mining, with various Bitcoin miner pools distributed across the world.
Due to increased block size, BCH is harder to mine since it requires more energy per block.
Additionally, BCH was the first of all cryptocurrencies to introduce and effectively test the Segregated Witness (SegWit) upgrade, which separates the transaction data to allow more transactions to be sent at once.
Another advantage that BCH has over Bitcoin is developing smart contracts by using CashScrypt.
Bitcoin Cash Price History
Bitcoin Cash currency traders have seen massive volatility over the past weeks. However, first, let’s look at the BCH value over the past years.
As we can see on the long-term chart, the coin price increased to $4,000 during the bullish trend in 2017.
Over the first weeks of 2018, the BCH price moved significantly lower with the Bitcoin price until support was found at the $600 mark.
BCH regained some of the retracement and reached a local several-day price high of $1,800.
Over the second half of 2018, the Bitcoin Cash forecast price became even more bearish as analysts predicted a complete crash. At the end of 2018, the lowest point was finally reached at $62.
A brief push higher followed, with a further consolidation range established between the $200 support and $450 resistance, where the coin spent the second half of 2019 and 2020.
On the technical chart for BCH over the past year, we saw that the price action had turned bullish after breaking through resistance around $36 at the end of 2020.
The price of the cryptocurrency asset saw increased demand, leading to a test of the $600 mark. BCH/USD retraced and retested the $360 previous resistance as support.
After some consolidation, the crypto market reversed and started moving higher in February.
After several weeks of bullish momentum, a new high of around $750 was reached, meaning a clear medium-term higher high was made.
In May, the entire cryptocurrency market was at its peak, and BCH crossed $1,000. Cryptocurrencies like bitcoin cash, bitcoin, and litecoin boosted in early October when US Bank, the country’s fifth-largest retail bank, first offered a cryptocurrency custody service with assistance from sub-custodian NYDIG for fund managers to store their private keys.
Later in October, a leading ETF provider launched the first Bitcoin-linked service in the US. Pro Shares Bitcoin Strategy ETF (BITO) gives investors the chance to take their bitcoin returns through a brokerage account.
The volatility of coin pricing was demonstrated in November 2021 when a fraudulent press release stating that supermarket major Kroger would accept the coin during the holiday season caused a price spike of 4% in 15 minutes.
Is this recent dip an opportunity to buy into the cryptocurrency before it resumes its upward trend, or is there potential for the price to fall further?
Nevertheless, depending on how the cryptocurrency market responds to various forces, BCH could prove to be a profitable asset or not in the future. Individuals considering this coin an investment option should do their due diligence before engaging the market.
Bitcoin Cash Technical Analysis
As seen on the Bitcoin Cash price chart, the asset has broken the floor of the rising trend channel in the short term, which indicates a weaker initial rising rate. The coin has met the objective at $122 after the break of the rectangle formation. The price has risen again, but the formation indicates a further fall. Bitcoin Cash is testing support at $130. This could give a positive reaction, but a downward breakthrough at $130 means a negative signal. BCH is overall assessed as technically slightly positive for the short term.
Bitcoin Cash shows weak development in a falling trend channel in the long term. This signals increasing pessimism among investors and indicates a further decline for BCH. The coin is approaching resistance at $160, which may give a negative reaction. However, a break upwards through $160 will be a positive signal. BCH is assessed as technically slightly negative for the long term.
Bitcoin Cash Price Predictions 2022 – 2031
Wallet Investor
According to Wallet Investor, the price of Bitcoin Cash will fall to $10.378 in 2023; hence, the coin is considered a poor long-term investment. Wallet Investor also predicts BCH to witness market losses in the short term, leading to a price of $129.327 in fourteen days.
TradingBeasts
According to TradingBeasts, Bitcoin Cash will close 2022, trading at an average price of $134.360, a minimum price of $114.206, and a maximum market price of $167.951. TradingBeasts further expect BCH to start next year on a downtrend, trading as low as $109.529 in June 2023. After that, the coin is expected to embark on an uptrend, leading to a minimum price of $114.040 by December 2023, with the average price being $134.165.
Going into 2024, TradingBeasts is projecting a strong bull market allowing BCH to attain a mean price of $193.809 by July 2024. Furthermore, the team anticipates the digital coin to close that year with a price range of $148.960-$175.248. According to TradingBeasts, Bitcoin Cash will continue to rise throughout 2025, closing the year with an average price of $224.075, a minimum price of $190.463, and a peak price of $280.093.
Longforecast
Longforecast predicts that Bitcoin Cash will be trading between $108-$138 by December 2022 and will close its annual trade at $116. They further anticipate BCH to experience losses throughout 2023, leading to a closing market price of $73 by the end of the year. However, Longforecast expects Bitcoin Cash to produce a market rebound in 2024.
They predict the coin to trade as high as $204 by June 2024 before closing the year with a minimum price of $141 and a maximum price of $163. By December 2025, Longforecast anticipates Bitcoin Cash to have a price range of $92-$114 and a closing market price of $107. For 2026, they predict a bearish BCH market for most of the year. Longforecast projects the token to trade as low as $56 in September 2026 and close the month at a market price of $60.
Cryptopolitan
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2022 | 162.70 | 175.41 | 186.23 |
| 2023 | 176.97 | 192.24 | 207.72 |
| 2024 | 163.86 | 210.12 | 242.25 |
| 2025 | 230.32 | 255.77 | 272.86 |
| 2026 | 216.65 | 242.47 | 263.52 |
| 2027 | 256.75 | 303.47 | 367.81 |
| 2028 | 390.76 | 426.74 | 473.31 |
| 2029 | 524.75 | 538.19 | 567.18 |
| 2030 | 590.30 | 608.65 | 623.03 |
| 2031 | 657.21 | 710.34 | 755.53 |
Bitcoin Cash BCH Price Prediction 2022
In the last 30 days, Bitcoin Cash has gained by 11.52%, indicating the asset could be building momentum for a massive price movement. According to our forecasts for 2022, BCH will shortly experience a price boost leading to an average price of $175.41 and a minimum price of $162.70. We also predict the coin will have a maximum market price of $186.23.
Bitcoin Cash Price Prediction 2023
Per our price predictions, the BCH market will record several upward trends in 2023. Investors could expect an average price of $192.24, a maximum price of $207.72, and a minimum market value of $176.97. These price levels can be easily attained as Bitcoin Cash is a fully decentralized blockchain with multiple development teams. This simply means BCH is safe from any power monopoly and will likely remain an asset favorable to investment.
Bitcoin Cash Price Prediction 2024
In 2024, we anticipate Bitcoin Cash to trade at a minimum price of $163.86, with its average market price set at $210.12. The digital coin is also predicted to reach a peak price of $242.25. As the next Bitcoin halving is set for 2024, the BCH network could welcome a vast amount of investment, thus leading to these market prices.
Bitcoin Cash Price Prediction 2025
According to our BCH price predictions for 2025, the bulls will retain firm control of the BCH market, resulting in the coin trading as high as $272.86. The expected average and minimum prices are $255.77 and $230.32, respectively.
Bitcoin Cash Price Prediction 2026
In 2026, Bitcoin Cash is expected to experience little price drops, along with other altcoins in the market. Our price predictions indicate that BCH will be trading between $216.65-$263.52, with an average market value of $242.47.
Bitcoin Cash Price Prediction 2027
By 2027, we predict Bitcoin Cash to attain an average price of $303.47 and a minimum price of $256.75. Our projections also point to a maximum market price of $367.81, which is a 175.76% increase from today’s market price.
BCH Price Prediction 2028
According to our Bitcoin cash prediction for 2028, BCH investors should expect massive profits, as the coin could have a price range of $390.76 to $473.31. We also anticipate an average trading price of $426.74. Suppose the BCH developers maintain a consistent update of the SmartBCH side chain; there will be a continuous influx of developers to the network and remarkable growth in BCH’s adoption level in the future.
Bitcoin Cash Price Prediction 2029
Our price predictions indicate that Bitcoin Cash will experience additional price leaps in 2029. We forecast a minimum price of $524.75, an average price of $538.19, and a maximum price of $567.18.
Bitcoin Cash Price Prediction 2030
In 2030, Bitcoin Cash will trade at a minimum price of $590.30 per our price predictions. The expected average and maximum prices are $608.65 and $623.03, respectively. If more projects which utilize Bitcoin Cash, such as Flipstarter and eatBCH, are launched in the coming years, there could be a positive impact on the asset’s price pattern.
Bitcoin Cash Price Prediction 2031
According to our price predictions for 2031, Bitcoin Cash will experience significant price gains attaining a minimum price of $657.21 and an average price of $710.34. If the market proves bullish enough, the token will reach a peak price of $755.53, signifying a plausible 466.45% gain on the current market price.
Bitcoin Cash Price Prediction by Industry Experts
According to Kim Dotcom, “The global markets will crash very hard. Banks invested the majority of customer deposits (your money) in stock markets. Soon you’ll not be able to withdraw your funds. Banks & ATMs will have daily withdrawal limits like in 2008.
This is when crypto UTILIZATION takes off.
The current crypto crash is like the Dotcom bubble. Most crypto projects will disappear. A few will survive. Those that become the most utilized for payments will strive.
I believe #BitcoinCash is one of them. My favorite for utilization.”
The future price of Bitcoin Cash is difficult to predict, as different analysts hold different points of view. Some experts think it has excellent growth potential in a world where digital payment methods and cryptocurrencies are gaining popularity.
According to an analysis by “The Wolf of Trading,” a further downside of about 50% is expected for Bitcoin over the coming months, which will consequently pull down the price of Bitcoin Cash to about 40–50$.
Emergency analysis #Bitcoin #Cash #BCH URGENT!!!! Analysis& Price Prediction- BCH HOLDERS MUST WATCH
Conclusion
Bitcoin Cash is a highly rated cryptocurrency with a proven market resilience. This stance is further backed by recent developments in Canada, as several provinces placed a yearly net buy limit on all cryptocurrencies, excluding Bitcoin Cash and three other assets.
As a cryptocurrency with great fundamentals, Bitcoin Cash potentially could someday go to the moon again. But that will depend on the crypto market’s behavior in the coming months. If the crypto market continues to follow its trajectory from 2017-2021, then BCH will have growth potential and be a good investment.
When considering investing in Bitcoin Cash, it’s important to stay abreast of developments in the market and not just depend on Bitcoin Cash price predictions. Monitor the trading price, support, and resistance levels to make an informed decision.
Despite the overall positive outlook of our Bitcoin Cash prediction, there are still several issues investors should consider. Regulation is a significant factor most experts agree will affect cryptocurrency prices soon.
Since its inception, the adoption of Bitcoin Cash has increased steadily. In June 2022, BCH received a significant boost as a renowned crypto exchange, Bitcoin of America, made the token accessible on its crypto ATMs across the U.S. Such developments reflect an unwavering interest in the Bitcoin hard-fork. In the coming years, BCH network developers will roll out new features that we believe could further fuel interest in Bitcoin Cash, thus positively impacting its value.
Nevertheless, depending on how the cryptocurrency market responds to various forces, BCH could prove to be a profitable asset or not in the future. Individuals considering this coin an investment option should do their due diligence before engaging the market.
If you want to buy BCH, it’s worth checking out some of its top cryptocurrency platforms. Some of these include Binance, Coinbase, Huobi Global, and eToro. We strongly advise you to conduct your research and analysis before investing in cryptos. It’s important to understand that the crypto market is a high-risk zone, and crypto traders are susceptible to losing money rapidly. Never invest more than you can afford to lose.
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