Bitcoin Cash (BCH) Price Forecast 2022 – Will BCH Hit $300 Soon?

BCH

Bullish BCH price forecast is $131.5 to $273.2. The price of Bitcoin Cash (BCH) may soon reach $300 as well. Bearish BCH price forecast for 2022 is $95.2.

In Bitcoin Cash (BCH) Price Forecast 2022, we use statistics, price patterns, RSI, RVOL and other information about BCH to analyze the future movement of the cryptocurrency.

Bitcoin Cash (BCH) Current Market Status

According to CoinGecko, the price of Bitcoin Cash (BCH) is $117.77 with a 24-hour trading volume of $576,530,861 at the time of writing. However, BCH is down nearly 3% in the past 24 hours.

In addition, Bitcoin Cash (BCH) has a circulating supply of 19,188,874 BCH. Bitcoin Cash (BCH) trades on cryptocurrency exchanges such as Binance, OKX, Coinbase Exchange, FTX, FMFW.io.

What is Bitcoin Cash (BCH)?

Bitcoin Cash is a peer-to-peer electronic money system that aims to become a trusted global currency with fast payments, micro-commissions, privacy and high transaction capacity. Just as physical money, such as dollar bills, is transferred directly to the recipient, Bitcoin Cash payments are sent directly from person to person.

Bitcoin Cash (BCH) is a form of the cryptocurrency that is very similar to Bitcoin. Bitcoin Cash is basically a split of Bitcoin due to the split of the chain where a certain group of Bitcoin developers are dissatisfied with the general direction of Bitcoin scalability.

Bitcoin Cash (BCH) Price Forecast 2022

Bitcoin Cash (BCH) currently holds the 32nd position on CoinGecko. BCH price forecast 2022 is explained below with a daily time frame.

BCH/USDT Symmetrical Triangle Pattern (Source: Tradingview)

The symmetric triangle chart pattern shows the consolidation period that can force a price breakout or breakout. More so, a breakdown of the lower trendline signals the beginning of a new bearish trend. On the other hand, a breakout of the upper trendline signal shows the beginning of a new bullish trend. Traders also use moving averages in combination with a symmetric triangle chart to track their stop loss.

Currently, Bitcoin Cash (BCH) is in the $117.77 range. If the pattern continues, BCH’s price could reach the $144.5, $166.9 and $210.7 resistance levels. If the trend reverses, the price of BCH could drop to $107.9 and $95.5.

Support and Resistance Levels for Bitcoin Cash (BCH)

The chart below shows Bitcoin Cash (BCH) support and resistance levels.

BCH/USDT Support and Resistance Levels (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Bitcoin Cash (BCH).

Resistance Level 1$131.5Resistance Level 2$167.3Resistance Level 3$216Resistance Level 4$273.2Support Level$95.2BCHResistance and Support Level

The charts show that Bitcoin Cash (BCH) has been on a bullish trend for the past month. If this trend continues, BCH may follow the bulls overtaking its resistance level at $273.0.

Accordingly, if the investors turn against the crypto, Bitcoin Cash (BCH) price could drop to close to $95.2, a bearish signal.

Bitcoin Cash (BCH) Price Forecast 2022 – RVOL, MA and RSI

The relative volume (RVOL) of Bitcoin Cash (BCH) is shown in the chart below. It is an indicator of how the current trading volume has changed over time from the previous trading volume. Currently, BCH’s RVOL is below the line, indicating weak participants in the current trend.

Also, the moving average (MA) of Bitcoin Cash (BCH) is shown in the chart above. Notably, the price of Bitcoin Cash (BCH) is at the 50 MA (short term), so it is in a downtrend. Currently, BCH has entered a bearish state. Therefore, there is a possibility of a reversal of the BCH trend at any time.

Meanwhile, the relative strength index (RSI) of the BCH is 51.52. This means that Bitcoin Cash (BCH) is not overbought or oversold. However, this means that there could be a major price reversal of BCH in the coming days. So traders should act with caution.

Bitcoin Cash (BCH) Price Forecast 2022 – ADX, RVI

Now let’s take a look at Bitcoin Cash’s (BCH) Average Directional Index (ADX). It helps to gauge the overall strength of the trend. The indicator is the average of the growing price range values. This system attempts to measure the strength of price movements in the positive and negative directions using DMI indicators with ADX.

The chart above represents the ADX of Bitcoin Cash (BCH). Currently, BCH’s ADX is in the 7.7 range thus indicating a weak trend.

The chart above also represents the relative volatility index (RVI) of Bitcoin Cash (BCH). RVI measures the constant deviation of price changes over a period of time. BCH’s RVI is below 50, indicating high volatility. In fact, Bitcoin Cash (BCH) RSI stands at 51.52, confirming a potential sell signal.

Comparison of BCH to BTC, ETH

The chart below shows the price comparison between Bitcoin (BTC), Ethereum (ETH) and Bitcoin Cash (BCH).

BTC vs ETH vs BCH Price Comparison (Source: Tradingview)

From the chart above, we can interpret that the price action of BCH is similar to BTC and ETH. This indicates that when the price of BTC and ETH rises, the price of BCH rises. When the price of BTC and ETH falls, the price of BCH falls.

Bitcoin Cash (BCH) Price Forecast 2023

If the bearish price action slows completely in momentum and the trend reverses, Bitcoin Cash (BCH) could likely reach $350 by 2023.

Bitcoin Cash (BCH) Price Forecast 2024

With several upgrades in the network, Bitcoin Cash (BCH) could enter a bullish trajectory. If the coin catches the attention of major investors, BCH could reach $400 by 2024.

Bitcoin Cash (BCH) Price Forecast 2025

If Bitcoin Cash (BCH) sustains major resistance levels and is recognized by the investors as a better investment option over the next 7 years, BCH would rise to $450.

Bitcoin Cash (BCH) Price Forecast 2026

If Bitcoin Cash (BCH) sustains major resistance levels and is recognized by the investors as a better investment option over the next 4 years, BCH would rise to reach $500.

Bitcoin Cash (BCH) Price Forecast 2027

If Bitcoin Cash (BCH) sustains major resistance levels and is recognized by the investors as a better investment option over the next 5 years, BCH would rise to $550.

Bitcoin Cash (BCH) Price Forecast 2028

Bitcoin Cash (BCH) holds a strong position as a better investment option for the next 6 years amid the trends in the highly volatile crypto market. By causing significant price increases, BCH would reach $600 by 2028.

Bitcoin Cash (BCH) Price Forecast 2029

If investors flock in and continue to place their bets on Bitcoin Cash (BCH), it would see major spikes. BCH could reach $650 by 2029.

Bitcoin Cash (BCH) Price Forecast 2030

With greater advancements in the Basic Attention TokenEcosystem, the crypto community can continue to invest in BCH for the next 8 years and drive significant price increases for the token. Therefore, Bitcoin Cash (BCH) could reach $700 by 2030.

Conclusion

With continuous improvements in the Bitcoin Cash Network, we can say that 2022 is a good year for BCH. For this reason, Bitcoin Cash (BCH) bullish price prediction in 2022 is $273.2. On the other hand, the Bitcoin Cash (BCH) price forecast bearish price forecast for 2022 is $95.2.

Additionally, with the advancements and upgrades of the Basic Attention Token ecosystem, BCH’s performance should help it rise above the current high (ATH) of $3,785.82 very soon. But it can also reach $300 if the investors believe that BCH is a good investment in 2022.

FAQ

1. What is Bitcoin Cash (BCH)?

Bitcoin Cash (BCH) is one of the cryptocurrencies that has been hard split from the dominant Bitcoin blockchain. It was launched in 2017 as a faster and cheaper alternative to the original Bitcoin.

2. Where can you buy Bitcoin Cash (BCH)?

Bitcoin Cash (BCH) is listed on many crypto exchanges including Binance, FMFW.io, Coinbase Exchange, OKX, FTX.

3. Will Bitcoin Cash (BCH) reach a new ATH soon?

With the continuous developments and upgrades within the Bitcoin Cash platform, Bitcoin Cash (BCH) has a great chance of reaching its ATH soon.

4. What is the current all-time high (ATH) of Bitcoin Cash (BCH)?

On December 20, 2017, Bitcoin (BCH) reached its new all-time high (ATH) of $3,785.82.

5. Is Bitcoin Cash (BCH) a good investment in 2022?

Bitcoin Cash (BCH) seems to be one of the best-selling cryptocurrencies this year. According to the recorded performance of Bitcoin Cash in recent months, Bitcoin Cash (BCH) is considered a good investment in 2022.

6. Can Bitcoin Cash (BCH) reach $300?

Bitcoin Cash (BCH) is one of the active cryptos that continues to maintain its bullish status. Ultimately, if this bullish trend continues, Bitcoin Cash (BCH) will soon reach $300.

7. What will be the price of Bitcoin Cash (BCH) in 2023?

The price of Bitcoin Cash (BCH) is expected to reach $350 in 2023.

8. What will be the price of Bitcoin Cash (BCH) in 2024?

The price of Bitcoin Cash (BCH) is expected to reach $400 in 2024.

9. What will be the price of Bitcoin Cash (BCH) in 2025?

The price of Bitcoin Cash (BCH) is expected to reach $450 in 2025.

10. What will be the price of Bitcoin Cash (BCH) in 2026?

The price of Bitcoin Cash (BCH) is expected to reach $500 in 2026.

Disclaimer: The views expressed in this chart are those of the author only. It does not represent investment advice. The NewsCrypto team encourages everyone to do their own research before investing.

Recommended for you :

Leave a Reply

Your email address will not be published. Required fields are marked *