Bitcoin Cash (BCH) Price Prediction 2022 — Will BCH Hit $300 Soon?

Bitcoin Cash (BCH) Price Prediction 2022 — Will BCH Hit $400 Soon?
  • Bullish BCH price prediction is $131.5 to $273.2.
  • Bitcoin Cash (BCH) price might also reach $300 soon.
  • Bearish BCH  price prediction for 2022 is $95.2.

In Bitcoin Cash (BCH) price prediction 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 has decreased by nearly 3% in the last 24 hours.

Moreover, Bitcoin Cash (BCH) has a circulating supply of 19,188,874 BCH. Bitcoin Cash (BCH) trades in 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 very similar to Bitcoin. In fact, Bitcoin Cash is a fork of Bitcoin due to the split of the chain where a certain group of Bitcoin developers is not satisfied with the general direction of Bitcoin’s scalability.

Bitcoin Cash (BCH) Price Prediction 2022

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

BCH /USDT Symmetric Triangle Pattern (Source: Tradingview)

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

Currently, Bitcoin Cash (BCH) is in the range of $117.77. If the pattern continues, the price of BCH  might reach the resistance levels of $144.5, $166.9, and  $210.7. If the trend reverses, then the price of BCH may fall to $107.9, & $95.5.

Bitcoin Cash (BCH) Support and Resistance Levels

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

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$131.5
Resistance Level 2$167.3
Resistance Level 3$216
Resistance Level 4$273.2
Support Level$95.2
BCH Resistance & Support Level

The charts show that Bitcoin Cash (BCH)  has performed a bullish trend over the past month. If this trend continues, BCH might run along with the bulls overtaking its resistance level at $273.0.

Accordingly, if the investors turn against the crypto, the price of Bitcoin Cash (BCH)  might plummet to almost $95.2, a bearish signal.

Bitcoin Cash (BCH) Price Prediction 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 a period of time from the previous trading volume. Currently, the RVOL of BCH lies below the line, indicating weak participants in the current trend.

BCH /USDT RVOL, MA, RSI (Source: Tradingview)

Also, the Moving Average (MA) of Bitcoin Cash (BCH) is shown in the chart above. Notably,  the Bitcoin Cash (BCH) price lies on 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 trend of BCH at any time.

Meanwhile, the relative strength index (RSI) of the BCH is 51.52. This means that Bitcoin Cash (BCH) is in an neither overbought nor oversold state. However, this means a major price reversal of BCH may occur in the upcoming days. So, traders need to trade carefully. 

Bitcoin Cash (BCH) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Bitcoin Cash (BCH). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

BCH /USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of Bitcoin Cash (BCH). Currently, the ADX of BCH lies in the range of 7.7 and thus, it indicates a weak trend. 

The above chart also represents the Relative Volatility Index (RVI) of Bitcoin Cash (BCH). RVI measures the constant deviation of price changes over a period of time. The RVI of BCH lies below 50, indicating high volatility. In fact, the RSI of Bitcoin Cash (BCH) is at 51.52 thus confirming a potential sell signal.

Comparison of BCH with BTC, ETH

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

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

From the above chart, 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  increases, the price of BCH increases. When the price of BTC and ETH decreases, the price of BCH decreases.

Bitcoin Cash (BCH) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Bitcoin Cash (BCH) might probably attain $350 by 2023.

Bitcoin Cash (BCH) Price Prediction 2024

With several upgrades in the network, Bitcoin Cash (BCH) might enter a bullish trajectory. If the coin grabs the attention of major investors, BCH might rally to hit $400 by 2024. 

Bitcoin Cash (BCH) Price Prediction 2025

If Bitcoin Cash (BCH) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 7 years, BCH would rally to hit $450.

Bitcoin Cash (BCH) Price Prediction 2026

If Bitcoin Cash (BCH) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, BCH would rally to hit $500.

Bitcoin Cash (BCH) Price Prediction 2027

If Bitcoin Cash (BCH) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, BCH would rally to hit $550. 

Bitcoin Cash (BCH) Price Prediction 2028

Bitcoin Cash (BCH) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, BCH would hit $600 in 2028.

Bitcoin Cash (BCH) Price Prediction 2029

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

Bitcoin Cash (BCH) Price Prediction 2030

With greater advancements in the Basic Attention TokenEcosystem, the crypto community might continue to invest in BCH for the next 8 years and drive significant price rallies for the token. Hence, Bitcoin Cash (BCH) might hit $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, the bullish price prediction of Bitcoin Cash (BCH) in 2022 is $273.2. On the other hand,  the bearish price prediction of Bitcoin Cash (BCH) price prediction for 2022 is $95.2.

Furthermore, with the advancements and upgrades to the Basic Attention Token ecosystem, the performance of BCH would help to reach above its current all-time high (ATH) of $3,785.82 very soon. But, it might 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 is hard forked from the dominant Bitcoin blockchain. It was launched in 2017 as a faster and cheaper alternative to the original Bitcoin.

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

Bitcoin Cash (BCH) has been listed on many crypto exchanges which include Binance, FMFW.io, Coinbase Exchange, OKX, FTX.

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

With the ongoing developments and upgrades within the Bitcoin Cash platform, Bitcoin Cash (BCH) has a high possibility 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 top-gaining cryptocurrencies this year. According to the recorded achievements of Bitcoin Cash in the past few 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 state. Eventually, if this bullish trend continues, Bitcoin Cash (BCH) will hit $300 soon.

7. What will be Bitcoin Cash (BCH) price by 2023?

Bitcoin Cash (BCH) price is expected to reach $350 by 2023.

8. What will be Bitcoin Cash (BCH) price by 2024?

Bitcoin Cash (BCH) price is expected to reach $400 by 2024.

9. What will be Bitcoin Cash (BCH) price by 2025?

Bitcoin Cash (BCH) price is expected to reach $450 by 2025.

10. What will be Bitcoin Cash (BCH) price by 2026?

Bitcoin Cash (BCH) price is expected to reach $500 by 2026.

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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