(BCH) Bitcoin Cash Price Prediction for 2024, 2025-2026, and Beyond

2024.03.05 2024.03.05
(BCH) Bitcoin Cash Price Prediction for 2024, 2025-2026, and Beyond

Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/

Bitcoin Cash, a prominent player in the cryptocurrency market, originated in mid-2017 as a hard fork from Bitcoin to address transaction speed and scalability issues. While some analysts are cautiously optimistic about Bitcoin Cash’s future performance, others point to the uncertain regulatory and economic landscape as factors that could significantly impact its trajectory.

As we delve deeper into the world of Bitcoin Cash and its prospects, it’s crucial to remember the speculative nature of this asset. Are Bitcoin Cash prices expected to go up or down? The answer remains to be determined, with predictions varying based on numerous factors. This article will delve into BCH’s dynamic and unpredictable nature.

Main takeaways: (BCH) Bitcoin cash Price Prediction 2024-2030

• Price Today: Current BCH price is $451.20.

• Year-end Price 2024: Expected to range between $384.02 and $586.58, reflecting a bullish trend.

• Price for Next Year 2025: Anticipated to be between $490.49 and $749.21, continuing the bullish trajectory.

• Long-Term Price 2027-2030: Projected range from $355 to $4,787.18, indicating significant volatility and potential growth.

• Market Trends: Predictions based on technical analysis, transaction speed, scalability, and global crypto adoption. Analyst insights suggest a cautiously optimistic outlook.

BCH Price Today Coming Days and Week

When analyzing the price of BCH/USD (Bitcoin Cash in relation to the US Dollar) for the short term, consider these technical analysis tools:

• Moving Averages: Utilize short-term moving averages (like 5-day and 10-day) to identify the trend direction. Watch for crossovers as potential signals for buying or selling.

• Relative Strength Index (RSI): The RSI can indicate overbought (above 70) or oversold (below 30) conditions, suggesting possible price reversals.

• MACD (Moving Average Convergence Divergence): Monitor the MACD for momentum shifts, particularly when the MACD line crosses the signal line, indicating potential trading opportunities.

• Bollinger Bands: These bands can help assess market volatility. When prices touch or exceed the bands, it may signal overextended conditions, potentially leading to price corrections.

• Volume Analysis: Analyze trading volume to confirm the strength behind price movements. An increase in volume alongside a price trend suggests strong market support.

• Candlestick Patterns: Look for specific candlestick patterns (e.g., hammers, engulfing patterns, dojis) that may indicate short-term price movements and investor sentiment.

• Fibonacci Retracements: Use Fibonacci levels to identify potential support and resistance areas based on past price movements, providing targets for short-term trades.

When forecasting the weekly price of Bitcoin Cash, consider these essential factors:

• Cryptocurrency Market Trends: Examine the broader trends in the cryptocurrency market, as Bitcoin Cash often moves in correlation with the general market sentiment and the performance of major cryptocurrencies like Bitcoin.

• Technical Analysis: Utilize technical analysis tools such as Moving Averages to gauge the trend direction, RSI to understand overbought or oversold conditions, and MACD to identify potential momentum shifts. Also, consider key support and resistance levels for Bitcoin Cash.

• Network Developments: Stay updated on any technological advancements, updates, or forks within the Bitcoin Cash network that could influence its utility, security, and investor perception.

• Regulatory News: Pay attention to regulatory changes and legal developments in key markets that could impact the cryptocurrency sector, including Bitcoin Cash.

• Adoption and Usage: Monitor news and developments related to the adoption of Bitcoin Cash for payments and transfers, partnerships with financial institutions, or integration into new platforms and services, as increased adoption can lead to price appreciation.

• Economic Indicators: Global economic conditions and shifts in traditional financial markets can influence investor behavior towards cryptocurrencies, including Bitcoin Cash, as investors may seek alternative assets in times of fiat currency devaluation or economic uncertainty.

• Trading Volume: Analyze the trading volume of Bitcoin Cash to understand market activity. A significant change in volume, especially when accompanied by price movement, can indicate the strength of the trend.

Employing these tools can offer valuable insights into the short-term price behavior of BCH/USD.

Analysts’ BCH Price Projections for 2024

Let’s take a look at BCHUSD’s expert forecasts for 2024.

CryptoNewsZ’s 2024 Forecast for BCH’s Price

According to CryptoNewsZ, analysts project an optimistic future for Bitcoin Cash (BCH) in 2024. The forecast suggests a price range between $384.02 and $586.58, with an average trading coin price of around $485.30 at the end of 2024.

Changelly’s 2024 Forecast for BCH’s Price

Price Range for 2024: $137.28–$479.98

According to Changelly, the analysis of Bitcoin Cash (BCH) prices from previous years leads to a 2024 forecast where the minimum average price of BCH is expected to be around $286.70. The maximum average price is predicted to be approximately $404.46.

PricePrediction’s 2024 Forecast for BCH’s Price

Price Range for 2024: $267.27-$480.03

PricePrediction.net forecasts that in 2024, Bitcoin Cash (BCH) is expected to see a minimum average price value of $292.33 and may reach a maximum price level of $480.03. The intermediate price level is anticipated to be around $404.50 at the end of the year.

(BCH) Bitcoin Cash Price Technical Analysis

For the BCHUSD technical analysis, various tools are used to define the price trend and identify key levels, as well as profitable trade entry and exit points.

Depending on the investment targets and forecast horizon, different timeframes are analyzed. When analyzing short-term and medium-term periods, the preferred time frames may be hourly (H1), 4-hour (H4), and daily (D1) charts, and for long-term ones – daily (D1) and weekly (W1).

Popular indicators used in technical analysis include:

• Moving Averages identify the overall trend and support/resistance levels.

• RSI (Relative Strength Index) allows you to assess whether an asset is overbought or oversold.

• MACD (Moving Average Convergence/Divergence) и его модификация OsMA (Moving Average of Oscillator) используются для выявления разворотов тренда и моментума.

• MACD (Moving Average Convergence/Divergence) and its modification OsMA (Moving Average of Oscillator) are used to identify trend and momentum reversals.

• Bollinger Bands and other channel indicators are used for assessing price volatility, and finding key levels and trade entry points.

• Stochastic determines the price impulse and overbought or oversold zones of the instrument at the current moment.

Also, for a correct and comprehensive assessment of the market state, price chart patterns are used:

• Chart patterns, for example, triangles, flags, double tops/bottoms, and others. Chart formations are used to determine potential price pivot points or confirm the current trend.

• Support and resistance levels are used to identify areas where the price may meet resistance or support.

BCHUSD Forecast For Next Three Months

At the end of June 2023, the price broke out the EMA200 in the daily chart, passing through the 121.00 level, and entered the medium-term bull market zone. However, the price subsequently decreased and is currently trading in an ascending channel in the weekly chart. At the same time, remaining below the key resistance level of 266.00 (EMA200 in the weekly chart), BCHUSD is trading in the long-term bear market zone.

The weekly chart also shows a range between the levels of 209.00 (EMA50) and 266.00 (EMA200). In addition, in the daily BCHUSD chart, the price met support at the key level of 224.50 (EMA200), separating the medium-term bullish market from the bearish one. At the same time, the technical indicators – OsMA, RSI, and stochastic in the daily chart and RSI in the weekly chart – indicate buying pressure and suggest opening long positions.

Based on the above, in the next 1-3 months, we can expect a breakout of the upper limit of the range and the level of 266.00, as well as further growth towards the upper limit of the ascending channel in the weekly chart, passing near the levels of 300.00 and 310.00.

The scenario could also become relevant if the Fed actually moves to ease monetary policy soon, which is likely to weaken the US dollar.

In an alternative scenario, BCHUSD will remain trading within the indicated range, mainly above the support level of 224.50 (EMA200 in the daily chart). A breakout of the support level of 209.00 can result in a further decline with the nearest target around the local support level of 180.00 and a more distant one – around local lows and levels of 121.00, 109.00, and 100.00.

The very first signal confirming this scenario could be a breakout of the support level of 240.00 (EMA200 in the hourly and 4-hour charts, as well as EMA50 in the daily chart).

Long-Term BCHUSD Technical Analysis and Forecast for 2024

Since August 2018, after the price crossed the 200-period moving average in the weekly chart, passing through 677.00 at that time, BCHUSD has been trading in a long-term bear market zone. Since October 2018, it has been trading in the zone of the global bear market, below the resistance level of 500.00.

The minimum price was reached in early November 2022 near 87.00. After this, bears tried several times to drive the price close to the local multi-year minimum. However, from June 21 to June 30, 2023, Bitcoin Cash (BCH) almost tripled in price, and the BCHUSD pair jumped above 328.00 after EDX included the coin in the same list with Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).

The main long-term scenario over a period of 1 year or more will be associated with a breakout of the upper boundary of the ascending channel in the weekly chart, passing near the levels of 300.00 and 310.00. The price should also grow further towards the key resistance levels of 371.00 (EMA144 in the monthly chart) and 390.00 (EMA200 in the monthly chart). The price should break out the above-indicated levels and enter the global bull market zone.

This scenario could also become relevant if the Fed actually moves to ease monetary policy soon, which is likely to cause a weakening of the dollar.

The signal confirming this scenario could be a breakout of the resistance levels 266.00 (EMA200 in the weekly chart) and 272.00 (EMA50 in the monthly chart).

An alternative scenario will be associated with price movement within the range between the levels of 209.00 and 266.00.

Expected Prices in Main Scenario

In the main scenario, the price should break out the resistance zone around the levels of 270.00 and 280.00 and go higher.

Expected Prices in Alternative Scenario

In an alternative scenario, the price will continue trading in a range between 266.00 and 209.00. In case of a downtrend, the price should break out the support level of 209.00 and fall deeper.

Long-Term Trading Plan for BCHUSD

Based on the technical analysis above, one could enter long trades in the long and medium term. Accordingly, the trading plan is as follows:

Main Scenario

In the main scenario, the price should break out the resistance levels of 270.00 and 280.00 and go up towards the levels of 370.00, 390.00, and 400.00.

• Aggressively: Buy — at the market levels, Buy Stop — 259.00, Stop-Loss — 229.00.

• Moderately: Buy Stop — 274.00, Stop-Loss — 250.00.

• Targets (3 months): 265.00, 270.00, 280.00, 290.00, 300.00, 310.00.

• Targets (1 years): 265.00, 270.00, 280.00, 290.00, 300.00, 310.00, 320.00, 330.00, 340.00, 350.00, 360.00, 370.00, 380.00, 390.00, 400.00.

Alternative Scenario

In an alternative scenario, the BCHUSD will be trading in a range between the 266.00 and 209.00 levels. If a downtrend develops, the price will break out the support level of 209.00 and head toward the local support level of 180.00. More distant downside targets are 121.00, 109.00, and 100.00.

• Aggressively: Sell Stop — 229.00, Stop-Loss — 246.00.

• Moderately: Sell Stop — 224.00, Stop-Loss — 246.00.

• Targets (3 months): 220.00, 210.00, 200.00, 190.00.

• Targets (1 year): 220.00, 210.00, 200.00, 190.00, 180.00, 170.00, 160.00, 150.00, 140.00, 130.00, 120.00, 110.00, 100.00.

In this context, targets correspond to support and resistance levels. It should be noted that the market may not reach these levels, but they can serve as a useful guide when planning and entering trades.

Analysts’ BCH Price Projections for 2025

Let’s take a look at BCHUSD’s expert forecasts for 2025.

CryptoNewsZ’s 2025 Forecast for BCH’s Price

Price Range for 2025: $490.49–$749.21

CryptoNewsZ’s analysts predict a significant uptrend for Bitcoin Cash in 2025, with prices ranging between $490.49 and $749.21, averaging around $619.85. The forecast suggests a 40% growth, underlining a strong bullish sentiment.

Changelly’s 2025 Forecast for BCH’s Price

Price Range for 2025: $409.28–$673.25

Changelly’s analysts forecast a steady ascent for Bitcoin Cash in 2025, with a minimum average price of $421.18 and a maximum of $673.25. The expected average trading price is $605.09 at the end of 2025.

PricePrediction’s 2025 Forecast for BCH’s Price

Price Range for 2025: $388.32–$673.32

PricePrediction.net’s analysts suggest Bitcoin Cash will trade at a maximum between $436.86 and $673.32 in 2025, averaging at $605.15. The forecast indicates a bullish trend with a stable and optimistic price range.

Analysts’ BCH Price Projections for 2026

Let’s take a look at BCHUSD’s expert forecasts for 2026.

CryptoNewsZ’s 2026 Forecast for BCH’s Price

Price Range for 2026: $626.08–$956.32

CryptoNewsZ’s analysts predict a bullish 2026 for Bitcoin Cash, with prices potentially soaring to $956.32. The minimum price is around $626.08, with an average of $791.20.

PricePrediction’s 2026 Forecast for BCH’s Price

Price Range for 2026: $574.89–$996.62

According to PricePrediction.net, Bitcoin Cash is set for a progressive year in 2026. They forecast an average price of $896.55, with potential peaks up to $996.62.

Changelly’s 2026 Forecast for BCH’s Price

Price Range for 2026: $608.31–$996.52

Analysts at Changelly anticipate Bitcoin Cash to experience a positive trajectory in 2026, with prices ranging between $608.31 and $996.52. They suggest an average trading price of around $896.46, indicating a bullish outlook for BCH.

Long-Term BCH Price Prediction for 2027-2030

Bitcoin Cash (BCH) projections indicate varied future values. CryptoNewsZ forecasts a bullish trend, expecting a rise to $2,350.49 by 2030. CoinPriceForecast suggests a more modest increase to $355 by 2030, reflecting market stabilization. Changelly is highly optimistic, anticipating BCH to reach between $4,096.16 and $4,787.18 by 2030 due to increased adoption and network improvements.

Recent Price History of the (BCH) Bitcoin cash coin

Bitcoin Cash (BCH) was created in 2017 and, in the beginning, was traded at $412, reflecting initial optimism. The market responded positively, propelling BCH to an all-time high (ATH) of $4,355.62 by December 2017. However, the 2018 bear market drastically affected its value, sending it to a low of $75.08. Recovery has been modest and fluctuating; between 2019 and 2021, BCH traded between $200 and $500, peaking around $1,500.

Which Factors Impact BCH Price?

• Supply and Demand Dynamics: The core driver of Bitcoin Cash’s price is the balance between its market supply and demand.

• Protocol Updates or Hard Forks: Significant changes or splits in the Bitcoin Cash blockchain, known as hard forks, can lead to price volatility.

• Institutional Adoption: As more financial institutions start accepting or investing in BCH, its legitimacy and price can increase.

• Regulatory Environment: Political regulations and legal considerations around cryptocurrency can significantly impact BCH.

• Global Economic Factors: Broader economic events, such as inflation rates, currency devaluation, and international crises, can influence investor behavior towards cryptocurrencies like BCH, impacting its price.

Conclusion: Is It Worth Investing in BCH?

The forecasts suggest an optimistic outlook, with the price of BCH projected to reach over $750 by 2025. Further bullish predictions estimate the coin could hit highs between $996 and $2,350 by 2030. Factors like scalability improvements, increasing adoption, and institutional interest point towards positive growth.

However, Bitcoin Cash remains a volatile cryptocurrency. While minimum prices are expected to stay above $250, the unpredictable regulatory landscape could significantly impact its value. Long-term growth prospects make it a good addition to an investment portfolio aiming for diversification.