Bitcoin Cash price prediction: BCH breaks above $1,000, eyes $1,100 next, and as predicted by the experts, the cryptocurrency has begun its next bull run. After dropping to a low of $683 on September 21st, the price of Bitcoin Cash (BCH) began a rapid climb that led it to a high of $1,200 on September 24th. Since then, Bitcoin Cash has dropped to $1,000, but it is not showing signs of slowing down.
Bitcoin Cash (BCH) has had a wild ride. This currency, which spun out of the original Bitcoin blockchain (BTC) in 2017, has been one of the most volatile cryptocurrencies of the year. From Dec. 1, 2017 to Nov. 1, 2018, BCH has risen from $267 to almost $2,500 in value, and then fallen to $300, before breaking above $1,000. With BTC
Summary of the situation
The price of bitcoin cash is expected to reach $1,100.
The next level of support is $1,000.
BCH is facing resistance at $1,050.
The price of Bitcoin Cash has broken through the $850 barrier and a strong bullish move has pushed the price above the $1010 barrier. Over the past seven days, the price of BCH has risen more than 18%, indicating a strong prevailing bullish sentiment. However, the strong upward movement is giving way to volatile price movements.
The broad crypto-currency market was bullish over the past 24 hours, with most major crypto-currencies posting gains throughout the time frame. The best performers were DOGE and NBB, which posted gains of 4.26% and 4.38% respectively. Meanwhile, some currencies such as the USDT, ATP and USDC make losses during this period.
Technical indicators for BCH/USDT
Technical indicators for Tradingview’s BCH/USDT
As for the technical indicators, the MACD shows bearish momentum. Although the histogram is still red at the time of writing, its size has shrunk significantly as the price of bitcoin cash is just above the 25.00 mark at the time of publication. Meanwhile, the 126-EMA is still above the 12-EMA, the difference between the two is insignificant and they could show a bullish reversal at any time.
The RSI broke out of neutral territory on April 30, but fell back on April 1. Can return to neutral territory. The indicator is currently trading slightly above the 64.00 level and moving upwards, indicating a bullish presence at current price levels. Meanwhile, the RSI is rising strongly, indicating a buy signal as buyers appear to be offering resistance.
The Bollinger Bands are currently wide and will widen as the bulls take control of the market dynamics. The widening of bands points to an increase in bitcoin price volatility in the short term. Meanwhile, the price of Bitcoin Cash is consolidating much closer to the upper boundary than to the middle line of the range, so the price will be on an upward trend for the next few candles.
Overall, the technical analysis on the 4-hour chart gives a buy signal, with 15 of the 26 major technical indicators pointing to bullish support. On the other hand, only one indicator is giving sell signals, indicating a bearish pullback. Meanwhile, ten indicators remain on the sidelines, not supporting either side of the market.
The 24-hour technical analysis is consistent with this sentiment and also gives a buy signal: 15 of the 26 indicators are bullish, and only one indicator points to a bearish pullback. Meanwhile, ten indicators remain neutral and give no signal at the time of writing.
What can you expect from Bitcoin Cash exchange rate?
The price of Bitcoin Cash has struggled to break through the $1,000 mark, but has recently surpassed it. However, price action at the $1,050 level remains bearish, suggesting selling pressure at this level. Technical analysis and short-term indicators are bullish, indicating a bullish breakout towards the $1,100 level for the price of Bitcoin Cash.
Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or seek advice from a qualified professional before making an investment decision.
This source has been very much helpful in doing our research. Read more about bch price prediction 2030 and let us know what you think.
Frequently Asked Questions
What will Bitcoin cash be worth in 2023?
Bitcoin cash is a fork of the Bitcoin blockchain that was created in August 2017. It is similar to Bitcoin, but also has some differences, such as the 8mb maximum block size limit, which has led to faster payment processing and lower transaction fees. It is also worth mentioning that Bitcoin cash has significantly lower mining fees, which is why many users still prefer to use it as their preferred cryptocurrency. You can invest in Bitcoin Cash by purchasing it on a cryptocurrency exchange, such as Coinbase. Over the past couple of years, cryptocurrency has been on an absolute tear. While there have been a lot of ups and downs, one thing is clear: as of right now, Bitcoin is worth quite a lot. Granted, you could have bought some bitcoin when it was worth five dollars and be sitting on a massive fortune, or you could have bought bitcoin when it was worth five thousand dollars and be crying into your keyboard right now. Still, the point is that bitcoin and other cryptocurrencies are big business; people are making a lot of money on them. What will Bitcoin cash be worth in twenty years? What will some other cryptocurrencies be worth? It’s hard to say; cryptos are extremely volatile, and predicting exactly where they will be in
Will Bitcoin cash reach $1000?
Bitcoin cash has had a turbulent existence since its inception in August 2017. The fork, which is a spin off of another cryptocurrency called bitcoin, was created to solve a key problem with bitcoin: slow transaction speeds. (As a refresher, bitcoin cash is a type of cryptocurrency that is designed to be used as peer-to-peer electronic cash.) Bitcoin cash is currently the fourth largest cryptocurrency by market capitalization , although it is the third largest in terms of overall market capital. The Bitcoin Cash price has been seeing a healthy and steady increase over the last few months. At the same time, Bitcoin, the original cryptocurrency, has been seeing a continuous decline in price, which has been precipitated by the cancellation of the Segwit2x hard fork. With the price of Bitcoin at $4000 and Bitcoin Cash at $800, many are wondering if the trend will continue. Some have even speculated that Bitcoin Cash could reach $1000 in 2018, while others believe it is completely unrealistic.
Is BCH a good investment 2021?
When somebody asks me about bitcoin cash (BCH), I just chuckle to myself and wonder why on earth they’d want to waste their time with such a silly altcoin. If you’re looking at BCH and trying to figure out whether it’s a good investment for the future then don’t bother, because it’s not. In fact, quite a few of the top altcoins aren’t worth investing in, for all sorts of reasons. Today, we are going to discuss Bitcoin Cash, and if it is a good investment for the future. Bitcoin Cash is pretty much like any other cryptocurrency: it can be used by anyone, worldwide. It is not dependent on a central bank, it is decentralized, and it cannot be tampered with or counterfeited. The value of Bitcoin Cash will vary with respect to other cryptocurrencies, which means that it is a good choice to use as a base currency when trading cryptocurrencies.
bitcoin cash price prediction 2025bch price prediction after hard forkbitcoin cash price prediction 2030bch price prediction 2030bitcoin cash price prediction 2021bitcoin cash price prediction reddit,People also search for,Feedback,Privacy settings,How Search works,bitcoin cash price prediction 2025,bch price prediction after hard fork,bitcoin cash price prediction 2030,bch price prediction 2030,bitcoin cash price prediction 2021,bitcoin cash price prediction reddit,is bitcoin cash a good investment 2021,bitcoin cash news