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Bitcoin Cash Price Prediction: Can BCH Price Hit $700 in 2024?

BCH bulls are preparing to pull a huge spike soon
Bitcoin Cash price has experienced a significant downturn since April 2024, correcting by nearly 55% from over $700 to under $350. Technical indicators suggest that a break above $400 could lead to further gains, but continued bearish sentiment may push BCH price down towards the $280-$300 support zone.

Key Takeaways

  • Bitcoin Cash’s Current Status: Bitcoin Cash price (
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    ) has been on a consistent downward trajectory since early April 2024, with its price declining from over $700 to under $350. This decline reflects the broader bearish sentiment in the crypto market and indicates a challenging period for BCH price.
  • Market Performance: BCH price has undergone a substantial correction of nearly 55% over the past few months, driven by a combination of market-wide sell-offs and investor caution. This significant drop highlights the current volatility and uncertainty surrounding Bitcoin Cash’s market position.
  • Technical Analysis: Despite recent efforts to break through key resistance levels, including the 50-day and 200-day EMAs and the $420 mark, BCH price has struggled to maintain upward momentum. The failure to hold these levels has left the price vulnerable, with strong support anticipated around the $280-$300 zone, which aligns with the S2 Fibonacci pivot level.
  • BCH Price Predictions: If Bitcoin Cash price can overcome the psychological barrier at $400, which aligns with the base Fibonacci pivot for August, it could potentially rally toward $500 by the end of September. However, if the current bearish trend persists, BCH might revisit its lower support levels, particularly between $280 and $300.
  • Future Outlook: The outlook for Bitcoin Cash price is cautiously optimistic, hinging on its ability to break through critical resistance levels and capitalize on any positive market sentiment. If BCH price can stabilize above $400 and maintain upward momentum, it may see a recovery in the coming months, but continued market weakness could lead to further declines.
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Where will Bitcoin Cash Price Head Next?

BCH/USD | Source: TradingView
  • Since early April 2024, Bitcoin Cash has been on an consistent downward trend falling from over $700 down to under $350 as of writing, having corrected nearly 55%. 
  • Recently, BCH price had attempted to breach both the 50-day and 200-day EMAs, along with the crucial level at $420. However, that was short lived as BCH price corrected once again, in line with the broader crypto market correction that has been pressing on the market since th beginning of August. 
  • On the upside, if BCH price is able to breach past the psychological level at $400, which also roughly aligns with the base Fibonacci pivot for August at $386 – we can set hopes for reattaining $500 level before the end of September.
  • On the other hand, if the bearishness continues to play out, then we can expect to see some support near the $280 to $300 zone, which aligns with the S2 Fibonacci pivot level for August 2024.
Indicator Value
Support levels (Fibonacci, S1/S2/S3)
$322 / $282 / $217
Resistance levels (Fibonacci, R1/R2/R3)
$452 / $492 / $557
50-day EMA
$361
200-day EMA
$379
RSI level
40.64
MACD level (Signal Line)
+2.77

Bitcoin Cash Price Prediction August 2024

In August 2024, Bitcoin Cash price is predicted to trade between $350 and $400. Continuing the massive rally that began in late May, BCH price is poised to benefit from a moderately bullish overall crypto market outlook. Technical indicators suggest consolidation above recent support levels, with resistance near $400.

The BCH price might sustain its upward trend if it maintains support above the 50-day EMA. This could signal further bullish momentum, propelling BCH price towards the higher end of its price range. Overall, market conditions and sentiment remain favorable for Bitcoin Cash in August 2024.

Bitcoin Cash Price Prediction September 2024

In September 2024, Bitcoin Cash price is expected to range between $450 and $525. As the “uptober” frenzy gains traction, stronger bullish sentiment could drive BCH higher. Increased buying pressure and favorable market conditions might push BCH price towards the upper end of its price range.

Technical analysis indicates that BCH price could experience overbought conditions, as reflected by the Relative Strength Index (RSI). A breakout above $625 could pave the way for further gains, solidifying Bitcoin Cash’s bullish trajectory ahead of October.

Bitcoin Cash Price Prediction October 2024

October 2024 is anticipated to be a significant month for Bitcoin Cash price, with prices forecasted between $550 and $650. The overall excitement in the crypto market is expected to push BCH price to potentially test the crucial psychological resistance at $700.

Strong technical indicators, including momentum oscillators and trend lines, support this bullish outlook. BCH price is likely to see one of its strongest gains this month, capitalizing on market enthusiasm and breaking key resistance levels.

Bitcoin Cash Price Prediction November 2024

In November 2024, Bitcoin Cash price could continue its bullish trend from October, trading between $620 and $670. The spillover effect from the “uptober” momentum might keep driving BCH to new highs, maintaining its upward trajectory.

Technical analysis suggests BCH price could test resistance around $700, supported by Fibonacci retracement levels. Although a brief correction phase might occur, the overall market sentiment remains optimistic, likely fueling further price increases.

Bitcoin Cash Price Prediction December 2024

December 2024 might see a slight softening in Bitcoin Cash price performance, with projections between $690 and $720. After two strong bullish months, a consolidation phase or minor retracement could occur as market participants reassess their positions.

Resistance at $700 is expected to serve as a psychological barrier, potentially limiting further gains. Technical indicators may show overextended conditions, suggesting that while BCH price remains strong, upward movement could be tempered by profit-taking and market stabilization.

Bitcoin Cash Price Prediction 2025

In 2025, Bitcoin Cash price is projected to trade between $1100 and $1400. As the crypto market matures, BCH price could benefit from increased adoption and positive sentiment. Technical indicators suggest a steady upward trend, with resistance around $1600 marking a significant milestone.

Throughout the year, BCH price might experience consistent growth, driven by strong market fundamentals and broader crypto rallies. The convergence of the 50-day and 200-day EMAs into a golden crossover could further bolster BCH’s price action, leading to sustained bullish momentum.

Bitcoin Cash Price Prediction 2026

In 2026, Bitcoin Cash price is expected to range between $2000 and $2400. Following a robust performance in 2025, the market may see continued bullish sentiment, pushing BCH price higher. Technical analysis indicates key support at $2000, with potential resistance at $2400.

As BCH price consolidates above significant support levels, it may attract more investors, fueling further price increases. The Relative Strength Index (RSI) and Moving Averages (MA) are likely to signal strong upward momentum, reflecting positive market conditions.

Bitcoin Cash Price Prediction 2027

By 2027, Bitcoin Cash price could experience significant gains, potentially pushing its price into the $3000 to $3700 range. This period might be marked by renewed interest in BCH as blockchain technology continues to advance, driving increased adoption. Key technical indicators, such as the 50-day and 200-day moving averages, could serve as crucial support levels, helping to stabilize the price during periods of volatility. Should market sentiment remain positive, BCH may break through key resistance levels, allowing it to establish new highs within the projected range by year-end.

 

As BCH price approaches the upper end of this range, traders might observe heightened buying activity, particularly if macroeconomic conditions favor the broader crypto market. The Relative Strength Index (RSI) may indicate overbought conditions as the price nears $3700, suggesting potential profit-taking. However, if bullish momentum continues, BCH could solidify its position within this range, setting the stage for further growth in the following years.

Bitcoin Cash Price Prediction 2028

By 2028, Bitcoin Cash price is predicted to trade between $4500 and $4700. This period could mark a significant milestone, driven by substantial market growth and increased investor interest. The price movement is likely to be influenced by the broader adoption of blockchain technology and the crypto market’s overall expansion.

Technical indicators such as the MACD and Bollinger Bands might show strong bullish signals, suggesting robust upward momentum. If BCH price breaks past the psychological barrier of $4500, it could see accelerated growth, potentially reaching the upper range of $4700.

Bitcoin Cash Price Prediction 2029

In 2029, Bitcoin Cash could see a period of consolidation within the $3200 to $3600 range as the market matures. This year might be characterized by increased stability, with BCH price potentially finding strong support around the $3200 level. The 200-day moving average may play a crucial role in maintaining this support, preventing significant declines. If BCH can maintain its upward momentum, the price could approach the $3600 mark, though it might face resistance near this level.

 

As BCH navigates this range, traders could observe a gradual tightening of Bollinger Bands, indicating decreased volatility. This could lead to a more stable price environment, attracting long-term investors. Should BCH successfully break through the $3600 resistance, it could pave the way for future growth, positioning the cryptocurrency for continued success as it enters the next decade.

Bitcoin Cash Price Prediction 2030

In 2030, Bitcoin Cash price is anticipated to range between $5100 and $5400. This prediction reflects a decade of growth and maturation within the crypto ecosystem, with BCH positioned as a significant player. The technical outlook suggests a strong bullish trend, supported by sustained market demand and positive sentiment.

Key resistance at $5400 will be a crucial level to watch. If BCH price breaks through this barrier, it could signal a new phase of market dominance. The alignment of long-term moving averages and other technical indicators might support this upward trajectory, making BCH a notable investment in the crypto space.

Will Bitcoin Cash Price Rise Again in 2024?

Bitcoin Cash price shows strong potential for a price increase in 2024, given its historical performance and current market dynamics. After a massive rally that started towards the end of May 2024, BCH has maintained a bullish outlook, supported by a positive overall crypto market sentiment. In August 2024, BCH is expected to trade between $475 and $500, continuing its upward momentum. Technical indicators, such as the Relative Strength Index (RSI) and Moving Averages (MA), suggest that BCH is well-positioned to sustain this rally, with key support and resistance levels being crucial factors to watch.

The anticipated bullishness in the crypto market, especially with the “uptober” effect in September, could further boost BCH prices. As BCH price approaches key psychological and technical resistance levels, such as $700 in October 2024, a breakout could signal one of the strongest gains for the crypto. The spillover effect from October’s hype is likely to extend into November and December, driving BCH to new highs. Despite potential profit-taking and market stabilization towards the year-end, BCH is expected to remain strong, with resistance around $850 acting as a potential cap.

Overall, Bitcoin Cash is set to rise again in 2024, backed by favorable market conditions, strong technical indicators, and positive sentiment within the crypto community.