cryptocurrency

Bitcoin Cash (BCH) 2022 Price Prediction – Will BCH Reach $300 Soon?

  • BCH bullish price forecast is $130.9 to $271.9.
  • Bitcoin Cash (BCH) The price may also reach $300 soon.
  • The bearish BCH price prediction for 2022 is $95.4.

In our Bitcoin Cash (BCH) price prediction for 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 Queen GekkoBitcoin Cash (BCH) price is $133.98 with a 24-hour trading volume of $843,753,200 at the time of writing. However, BCH has increased by about 4.3% in the past 24 hours.

Furthermore, Bitcoin Cash (BCH) has a circulating supply of 19,154,243 BCH. Bitcoin Cash (BCH) is traded on cryptocurrency exchanges such as Binance, OKX, Coinbase Exchange, FTX, and 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, small 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 one person to another.

Bitcoin Cash (BCH) is a form of cryptocurrency very similar to Bitcoin. In fact, Bitcoin Cash is a fork of Bitcoin due to a split on the chain where a certain group of Bitcoin developers are not satisfied with the general trend of Bitcoin scalability.

Bitcoin Cash (BCH) Price Prediction in 2022

Bitcoin Cash (BCH) occupies the 31st position on CoinGecko at the moment. The BCH price forecast for 2022 is explained below with a daily time frame.

BCH/USDT Bearish Channel Pattern (Source: TradingView)

The above chart for Bitcoin Cash (BCH) has drawn a descending channel also known as a descending channel. The descending channel consists of two parallel trend lines. The upper trend line, which joins the highs, and the lower trend line, which joins the lows, run parallel to the bottom. This pattern is characteristic of a bear market.

Currently, Bitcoin Cash (BCH) is in the $123.4 range. If the pattern continues, Bitcoin cash could reach the resistance levels of $144.5, $256.9 and $386.0. If the trend reverses, Bitcoin Cash could drop to $96.8.

Bitcoin Cash (BCH) Support and Resistance Levels

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

Biosafety Clearing-HouseUSDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear that what follows are the resistance and support levels in the BCH.

resistance level 1 $130.9
resistance level 2 $166.2
resistance level 3 $215.0
resistance level 4 $271.9
Support level 95.4 USD
Biosafety Clearing-House USDT Support and Resistance Levels

The charts show that Bitcoin Cash (BCH) has conducted an upward trend over the past month. If this trend continues, BCH may work in tandem with the bulls breaking the resistance level at $271.0.

Accordingly, if investors turn against the cryptocurrency, the price of Bitcoin Cash (BCH) could drop to close to $95.4, which is a bearish sign.

Bitcoin Cash (BCH) 2022 Price Prediction – 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, RVOL for BCH is below the line, indicating weakness of participants in the current trend.

Also, the moving average (MA) of Bitcoin Cash (BCH) is shown in the above chart. Notably, the price of Bitcoin Cash (BCH) is below 50 MA (short-term), so it is in a downtrend. Currently, the BCH is in a downturn. Therefore, there is a possibility of Bitcoin Cash reversing at any time.

Meanwhile, the relative strength index (RSI) of the BCH is 44.02. This means that Bitcoin Cash (BCH) is in an oversold state. However, this means that a major reversal in the Bitcoin cash price may occur in the coming days. Therefore, traders need to trade carefully.

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

Let’s now take a look at the Average Directional Index (ADX) for Bitcoin Cash (BCH). It helps to measure the overall strength of a trend. The indicator is the average of the values ​​of the expanding price range. This system attempts to measure the strength of price action in positive and negative trends using DMI indicators with ADX.

The above chart represents the ADX indicator for Bitcoin Cash (BCH). Currently, the ADX for BCH is in the range of 13.7 and therefore it is indicating a weak trend.

The above chart also represents the relative volatility index (RVI) of Bitcoin Cash (BCH). RVI measures the continuous deviation of price changes over a period of time. BCH’s RVI is above 50, indicating high volatility. In fact, the RSI for Bitcoin Cash (BCH) is at 44.02 confirming a possible buy signal.

Comparison of BCH with BTC and ETH

The chart below shows a 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 Bitcoin Cash price action is similar to BTC and ETH. This indicates that when the price of BTC and ETH goes up, the price of BCH goes up, and when the price of BTC and ETH goes down, the price of BCH goes down.

Bitcoin Cash (BCH) Price Prediction 2023

If the falling price action completely slows down in momentum and the trend reverses, Bitcoin Cash (BCH) Maybe up to $350 by 2023.

Bitcoin Cash (BCH) Price Prediction 2024

With several network upgrades, Bitcoin Cash (BCH) may enter an upward trajectory. If the coin attracts the attention of major investors, the BCH could rise to $400 by 2024.

Bitcoin Cash (BCH) Price Prediction 2025

If Bitcoin Cash (BCH) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next seven years, BCH will rise to $450.

Bitcoin Cash (BCH) Price Prediction 2026

If Bitcoin Cash (BCH) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, BCH will rise to $500.

Bitcoin Cash (BCH) Price Prediction 2027

If Bitcoin Cash (BCH) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, BCH will rise to $550.

Bitcoin Cash (BCH) Price Prediction 2028

Bitcoin Cash (BCH) maintains a strong position as a better investment option for the next six years amid the trends in the highly volatile cryptocurrency market. By paying significant price hikes, BCH will reach $600 in 2028.

Bitcoin Cash (BCH) Price Prediction 2029

If investors flock and continue to place their bets on Bitcoin Cash (BCH), this will see huge gains. BCH could reach $650 by 2029.

Bitcoin Cash (BCH) Price Prediction 2030

With greater developments in the primary attention token platform, the crypto community may continue to invest in BCH over the next eight years and drive significant price hikes for the token. Thus, the value of Bitcoin Cash (BCH) could reach $700 by 2030.

conclusion

With the continuous improvements in the Bitcoin Cash network, we can say that 2022 is a good year for BCH. Because of this, the bullish price forecast for Bitcoin Cash (BCH) in 2022 is $271.9. On the other hand, the bearish price prediction for Bitcoin Cash (BCH) for 2022 is $95.4.

Moreover, with developments and upgrades in the underlying attention token ecosystem, it will help BCH’s performance to reach all-time high (ATH) $3785.82 very soon. But, it could also reach $300 if investors think Bitcoin Cash is a good investment in 2022.

Instructions

1. What is Bitcoin Cash (BCH)?

Bitcoin Cash (BCH) is one of the cryptocurrencies that are heavily forked from the mainstream 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 several cryptocurrency exchanges which include Binance, FMFW.io, Coinbase Exchange, OKX, and FTX.

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

With the constant developments and updates within the Bitcoin Cash platform, Bitcoin Cash (BCH) has a high potential to reach ATH soon.

4. What is the highest price ever (ATH) for Bitcoin Cash (BCH)?

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

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

Bitcoin Cash (BCH) appears to be one of the most profitable cryptocurrencies this year. According to the Bitcoin Cash achievements recorded in the past few months, Bitcoin Cash (BCH) is a good investment in 2022.

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

Bitcoin Cash (BCH) is one of the active cryptocurrencies that is still maintaining its bullish state. Ultimately, if this bullish trend continues, Bitcoin Cash (BCH) will hit $300 soon.

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

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

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

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

9. What will it be Bitcoin Cash (BCH) By 2025?

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

10. What would it be? Bitcoin Cash (BCH) By 2026?

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

Disclaimer: The opinion expressed in this graph is that of the author only. It does not represent any investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.

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