- Can BCH Surpass $500 in 2022?
- What Are the Latest News about Bitcoin Cash?
- Bitcoin Cash Price Predictions
- Recent Bitcoin Cash Price History and Technical Analysis
- Bitcoin Cash Price Prediction 2022
- Bitcoin Cash Price Predictions for 2023, 2024, and 2025
- What Do the Experts Say about Bitcoin Cash?
- The Basics of Bitcoin Cash
- What Is Bitcoin Cash?
- How Is BCH Different from Bitcoin?
- Where Can You Buy Bitcoin Cash?
- Frequently Asked Questions
- What Will Bitcoin Cash Be Worth in 2022?
- What Will Bitcoin Cash Be Worth in 2025?
- Is Bitcoin Cash Going down?
Can BCH Surpass $500 in 2022?
Bitcoin Cash Price Prediction will show that with many people are claiming it is the one true Bitcoin, such as Satoshi Nakamoto envisioned, it is possible for BCH to surpass $500!
The split of Bitcoin in two back in 2017 caused seismic waves throughout the crypto community. It raised important questions about the purpose and future of cryptocurrencies and their ability to start a financial revolution.
Yet, so far, it seems that Bitcoin is trying to replace gold sitting in vaults rather than the change in our wallets.
Bitcoin Cash is 100% different. This crypto split from BTC precisely to bring people the freedom and flexibility that Bitcoin lacks. It wins on both speed and convenience and is more clear about its goal: to simplify transactions and serve as a perfect money substitute.
So it is no surprise that some analysts see Bitcoin Cash climbing to $500, $1,500, and even $3,000 in the future – despitе its market cap of just under $6 billion.
In this Bitcoin Cash price prediction, we shall explore those possibilities.
What Are the Latest News about Bitcoin Cash?
As of January 2022, Bitcoin Cash has no future plans for upgrades, forks, or protocol changes. There is also no news of other brands and companies that might adopt Bitcoin Cash.
Thus, the only factor affecting Bitcoin Cash prices lately is the performance of the cryptocurrency market as a whole. Right now, crypto coins are all experiencing price decreases due to the prospect of lower inflation in 2022.
Thanks to abundant stimulus measures during the pandemic, risk assets like tech stocks and crypto made significant gains, particularly in 2021. But because inflation has climbed to its highest level in decades, especially in the United States, this trend is shifting.
The Federal Reserve is most likely to start hiking interest rates in March 2022. According to Investing.com, the central bank may raise interest three additional times before the year’s end.
These higher interest rates coming soon are causing the price drop in cryptocurrencies.
Bitcoin Cash Price Predictions
Recent Bitcoin Cash Price History and Technical Analysis
Bitcoin Cash reached an all-time high of $3,923 in December 2017. Then it retreated from it in two months, dropping about four times in value.
In 2019 and 2020, Bitcoin Cash prices were entirely in the red, keeping below the $400 level. It was only in 2021 that this crypto coin started increasing in price again, though it could not reclaim its 2017 maximum price.
Last year $1,542 was the highest Bitcoin Cash price crypto traders saw. BCH could not sustain it for long and kept forming lower maximums as the year drew to an end. It began 2022 close to the $360 level again.
Based on Elliott wave analysis, we can see that the last two levels that sent the Bitcoin Cash price upwards were $452 and $544. The crypto coin would need to overcome at least the former to be considered in bullish territory. As long as Bitcoin Cash trades below $450, it’s a bearish market.
As of January 26, BCH’s current price is $305, and the RSI oscillator is giving a buy recommendation for Bitcoin Cash in the daily term. However, the majority of moving averages point to a strong sell signal. On the monthly chart, we see sell signals all around.
Bitcoin Cash Price Prediction 2022
Due to the prospect of higher interest rates this year mentioned above, the BCH price is likely to stay lower in 2022.
Most analysts foresee BCH price swings between $300 and $200, depending on the overall performance of the crypto market. If inflation becomes less of a risk factor, the coin’s price could increase to $400-$450.
For example, if the global economic crisis continues and the Federal Reserve decides not to hike interest rates four times in 2022, cryptocurrencies and other risk-loving assets will strengthen more. Still, Bitcoin Cash prices above $500 seem unlikely in 2022.
A coin price drop below $200 can occur if the opposite events unfold.
Bitcoin Cash Price Predictions for 2023, 2024, and 2025
With moderate optimism about the economy and the popularity of cryptocurrencies, Bitcoin Cash prices can reach $700 in 2023, $1,000 in 2024, and $1,500 in 2025. The crypto coin’s ability to reclaim its 2021 peak depends on risk appetite.
If we take a more cautious approach, the forecasted Bitcoin Cash price of $300-$320 seems like a realistic maximum for 2023. Bitcoin Cash can then maintain this level for the next two years.
It is important to keep both of these Bitcoin Cash price forecasts in mind. Due to the high volatility of the crypto markets and outside risk factors like the pandemic, developments in Ukraine, etc., it is impossible to say which scenario is more likely.
What Do the Experts Say about Bitcoin Cash?
- Brain Kelly, CEO of BKCM, believes in Bitcoin Cash, though he hasn’t given a Bitcoin Cash price forecast. He thinks that the main advantage of this crypto token is its development fund, which allows token holders to invest in future improvements to the blockchain.
- Roger Ver, known in the crypto community as ‘Bitcoin Jesus,’ is also a fan of Bitcoin Cash. Though Ver was one of the first people on the Bitcoin hype train, he has moved over to the BCH camp. He made the switch because he believes Bitcoin Cash will be more useful in day-to-day transactions and function more like a regular currency.
- We know that people like Elon Musk, the Winklevoss Twins, and Cathie Wood are big on Bitcoin, but we have not found any proof that they also invested in Bitcoin Cash.
- The Coin Bureau finds that Bitcoin Cash is more useful for making payments, including at in-store POS terminals. Nevertheless, he doesn’t see BCH escaping Bitcoin’s large shadow and has not made concrete Bitcoin Cash price predictions.
- BitBoy Crypto has not made a Bitcoin Cash price prediction for 2022, but he sees BCH closely following the Bitcoin price. Note that his forecast that Bitcoin Cash would not return to its all-time high in 2021 came true.
The Basics of Bitcoin Cash
What Is Bitcoin Cash?
Bitcoin Cash is a cryptocurrency that appeared as a fork of Bitcoin. Back in 2017, a proposed upgrade was coming to Bitcoin, which caused much debate in the mining community.
The upgrade in question pertained to block size. Many within the Bitcoin community wanted to keep information blocks small, while the opposing camp wanted larger blocks to go through more transactions at a time.
Those in favour of larger blocks decided to split, or ‘fork,’ from Bitcoin and thus created Bitcoin Cash. Since the fork, Bitcoin and Bitcoin Cash have been two separate cryptocurrencies.
How Is BCH Different from Bitcoin?
As a Bitcoin fork, Bitcoin Cash naturally has a lot in common with its ‘parent’ crypto. Both use the same proof-of-work protocol and create blocks at the same intervals.
The primary difference is that Bitcoin Cash uses larger blocks in its chain. Thus, BCH is more suitable for daily transactions. On the other hand, Bitcoin is seen as an investment asset or a ‘store of value’ like gold.
Where Can You Buy Bitcoin Cash?
You can buy Bitcoin Cash or sell it via financial brokers such as eToro. Alternatively, you can trade other cryptocurrencies for it at dedicated crypto exchanges like Coinbase.
Frequently Asked Questions
What Will Bitcoin Cash Be Worth in 2022?
Based on the latest available news, our Bitcoin Cash price prediction for 2022 places BCH between $150 and $300. This forecast matches the Bitcoin Cash price today. $120 is the absolute minimum price we expect this year.
What Will Bitcoin Cash Be Worth in 2025?
In a pessimistic Bitcoin Cash forecast where all crypto tokens perform poorly, the average price might remain at its current level. But if sentiment improves, Bitcoin Cash can return to its 2021 maximum price of $1,500.
Is Bitcoin Cash Going down?
In the daily term, no. Bitcoin Cash prices have been increasing throughout the last week of January 2022. However, the entire cryptocurrency market is trending down, so if we look at the big picture, Bitcoin Cash prices are going down compared to last year.
The forecasts included in this Bitcoin Cash price prediction are speculative and are no indication of BCH’s future price. Our Bitcoin Cash price prediction cannot be considered professional investment advice.
Though this article aims to inform you about the Bitcoin Cash price trend, it is ultimately your responsibility to do your own research on an asset’s future price before making any investment decisions. You need to decide for yourself if anything is a profitable investment.
Trading CFDs, stocks, or any other asset on the financial markets carries risk. The cryptocurrency market is especially volatile and may carry more risk than stocks, options, etc. Always consult an expert and consider the market situation carefully before investing money.
Do not invest more funds than you are comfortable losing. Learn about risk management and hedge your investments, if possible.