Bitcoin Cash (BCH) surged over 350% in the first five months of 2021. CAPEX looks at BCH’s price predictions for 2022 and beyond.
Bitcoin Cash (BCH) was created in 2017, as a fork from the already famous cryptocurrency, Bitcoin. The group of developers behind Bitcoin Cash wanted to add some improvements to Bitcoin’s blockchain but could not reach an agreement with the entire Bitcoin community.
Bitcoin Cash (BCH) exceeds Bitcoin in terms of transaction speed because it can verify blockchain transactions faster. It also has lower trading fees than Bitcoin. BCH was created specifically for payments and trading, not just for storing value.
Although Bitcoin Cash still relies on the proof-of-work (PoW) mechanism, it is far easier to mine and to use it as payment. BCH brags itself to be the best money in the world. It claims that BCH truly fulfills the primary goal of Bitcoin, which is to become a peer-to-peer currency, available to all individuals.
But what can we expect from Bitcoin Cash in the future? What highs may BCHUSD price hit in 2022? Will the Bitcoin Cash price surge or plunge in 5 years?
This article aims to address all the queries related to Bitcoin Cash price prediction for 2022 and beyond, fundamentals and technical updates.
Bitcoin Cash Outlook: Where we are now
Bitcoin Cash is a hard fork from the Bitcoin blockchain. The BCH fork took place on 1 August 2017. Because the Bitcoin community could not agree on a proposal to increase the blocks’ size to allow more transactions, the Bitcoin Cash supporters decided to split the Bitcoin blockchain into two different networks and cryptocurrencies. Initial blocks on the Bitcoin network were 1MB in size, but the Bitcoin Cash protocol supports blocks up to 32MB. Bitcoin Cash can process more transactions per second thanks to its larger block size. This is a solution for the high fees and payment delays that were already being experienced by Bitcoin users.
As this was a hard fork, all those who help Bitcoin at the moment of the fork, also received Bitcoin Cash.
Bitcoin Cash was launched with the aim to restore decentralized mining, which was dominated by large mining companies as Bitcoin became more popular. BCH allows efficient micro-transactions, such as tipping content creators or rewarding app users with tiny amounts of cash.
Over time, there were numerous disputes within the Bitcoin community which led to many different Bitcoin hard forks. However, Bitcoin Cash remains one of the most successful fork of them all.
The supply of Bitcoin Cash has a limit of 21 million coins, just like the original Bitcoin currency. This fixed supply is designed to limit inflation and make Bitcoin Cash a solid store of value and a payment currency.
Related: How to Buy Bitcoin Cash
BCH's price has surged 350% in the first five months of 2021.
Bitcoin had reached an all-time high above the $64,000 in April. However, Bitcoin Cash peaked on 16 May at $1,635.15, far below its previous record high of $4.355.62 in December 2017.
Another peak of $801.49 was reached on September 6. This was its highest level since May when cryptocurrencies began to regress from their spring 2021 bull run.
However, the price fell to $596.71 on 13 September. It climbed to $654.27 by 16 September and maintained to that level throughout November. By the end of 2021, the chief executive of US cinema chain AMC stated that Bitcoin Cash would be accepted along with Bitcoin, Ethereum and Litecoin as payment for online tickets.
With Bitcoin Cash adoption increasing, digital payment company PayPal announced on 23 Aug the launch of a new service for the UK. PayPal customers can buy, hold, and sell cryptocurrencies, including Bitcoin Cash, via the PayPal website and mobile app.
Greyscale, a cryptocurrency investment company, announced on September 10, 2021, that it had registered Grayscale Bitcoin Cash Trust (US Securities and Exchange Commission) with the US Securities and Exchange Commission. This trust joins its existing trusts, Bitcoin, Ethereum, and Digital Large Cap.
In November, a false press release stating that Kroger supermarket would accept the coin during the holiday season led to a BCH price surge of 4%.
BCH’s price has the tendency to follow the general trend of the market, and it is influenced by Bitcoin’s price evolution.
With 2022 already looking like another roller-coaster period for digital currencies, CAPEX looks at BCH’s price predictions from best-rated websites and experts.
Bitcoin Cash Price Prediction 2022 and beyond
Bitcoin Cash (BCH) was created to address issues such as the rising transaction fees and the controversies around scaling in the blockchain. Peer-to-peer transactions were the main purpose of Bitcoin Cash (BCH). The BCH coin was designed to allow the exponential increase in block sizes, which could enable a fast transaction process.
According to WalletInvestor, the short-term sentiment for BCH is bearish. However, the forecaster predicts that BCH could be an awesome long-term investment, and the possible revenue within the next 5 years could be over 350%.
Please remember that Bitcoin Cash (BCH), like any other cryptocurrency, experiences a fair share of volatility and the future growth rate of the BCH coin is hard to predict.
Bitcoin Cash Forecast 2022
BCH price prediction site Wallet investor suggests that BCH’s price will rise above $1,000 in 2022. The Bitcoin Cash forecast for 2022 predicts that the price of BCH will rise throughout the year, reaching a maximum of $1,072 in December 2022.
DigitalCoin is not as optimistic about its Bitcoin Cash forecast. It predicts that the price of BCH will be around $400 by the end of 2022.
The long-term forecast for Bitcoin Cash from Price Prediction shows that the price will rise between $400 and $487 in 2022 and that the coin has a growing trend.
Trading Beasts has set a Bitcoin Cash price target between $197 and $377 in 2022. They predict that the maximum price of Bitcoin Cash will be $287 by the end of 2022.
According to Long Forecast, Bitcoin Cash can reach a maximum of $292 in 2022, and the average price of BCH by the end of 2022 could be $176.
The average consensus price for 2022 is $649 which makes Bitcoin Cash the 10th best cryptocurrency to buy in 2022. With expectations of rising only around 50% by the end of the year, Bitcoin Cash is included in the top 5 cryptocurrencies to explode in 2022.
It's important to remember that analysts’ forecasts can be incorrect when predicting BCH prices. Analysts make projections based on a technical and fundamental analysis of the crypto's performance. However, past price performance does not guarantee future results.
You should do your research and remember that trading decisions are influenced by your attitude towards risk, market knowledge, and your tolerance for losing money. The consensus, when it comes to crypto, is to not invest more than you can afford to lose.
Our Bitcoin Cash Prediction Today
Bitcoin Cash has a lot of potential. Bitcoin Cash price is one of the most established players in the cryptocurrency market. The protocol's real-world application has covered many major industries that enterprise businesses might be interested in. Enterprise businesses could also consider Bitcoin Cash's large developer community, which works to improve the protocol.
Bitcoin Cash prediction is a long-standing solution for developers. Bitcoin Cash has been used to solve real-world problems such as currency transfers and distributed financing.
BCH has the support of all industry crypto world connoisseurs. They believe that Bitcoin Cash, backed up by solid algorithmic science and consistent past performance, can be a worthwhile investment.
Experts and die-hard Bitcoin Cash investors recommend that Bitcoin Cash be used to its full potential. This is mainly because of the expectation of future price increases. It has gained steadily and performed consistently.
New developments could drive up the price of Bitcoin Cash, reaching around $2,800 by 2026, according to WalletInvestor. However, Bitcoin Cash follows the general trend of the market, and its price will follow the price of bigger cryptos such as Ethereum and Bitcoin.
The series of lower highs and lower lows continues, indicating that Bitcoin Cash is in a downtrend. BCH broke below $400 support and the lower band of the daily channel. The general predictions show a downtrend both in the short and long predictions. The BCH market is bearish and is declining, as there is lower demand for the coin. The nearest support zone is $280, the nearest resistance zone is $305, and the next one is $320.
While we can speculate about the potential price of Bitcoin Cash over the next months and years, the truth is that Bitcoin Cash still is a highly speculative investment. There is not much historical data to support these predictions. It is important to invest only what you are willing to lose and include some traditional investment instruments to build a strong portfolio.
Your investments should be small, and you should not place crypto investments above other financial goals, such as saving for retirement or paying off high-interest debt.
Related: How to invest in cryptocurrencies
Bitcoin Cash Price Prediction 2025
There are indications that the crypto market is entering a new era.
There is no doubt that BCH's long-term price prediction will rise as there is still optimism about the currency attracting more attention.
According to the latest BCH price predictions, it could reach $1,200 or more by end of 2025. WalletInvestor predicts that the maximum price in 2025 could be $2315. On the other hand, the minimum price predicted for 2025 could be $258. However, price predictions do not always reflect long-term earning potential. It is important to analyse the potential financial consequences of this investment to determine if it is a wise financial decision.
Bitcoin Cash Prediction 2030
Are you expecting Bitcoin Cash to rise in value? The same applies to Bitcoin Cash price predictions as it does to weather forecasts. The further we go into the future, the harder it becomes to try to predict the price of Bitcoin Cash. The world of 2030 may be quite different from what we see now. What does 2030 hold for Bitcoin Cash?
By 2030, PricePrediction forecast that Bitcoin Cash’s price could reach around $8,000. If the market becomes bullish, the minimum price could rise to $9,500, according to a 2030 Bitcoin Cash prediction from PricePrediction.
Is It Possible to Forecast the Price of Bitcoin Cash?
Many price predictions for Bitcoin Cash are flawed because they lack the necessary analytical support. Investors will always be attracted to a high price point, especially one that is on an upward price trend. Someone holding a cryptocurrency priced at $0.01 could easily believe that it will rise to $10,000 just because it sounds good.
The problem is that predictions can be made without any evidence or analysis. However, three types of analysis have been used in the financial world for a long time to try and forecast prices and the evolution of markets.
- Technical Analysis
- Fundamental Analysis
- Sentimental Analysis
Bitcoin Cash Forecast using fundamentals
Investors in financial markets use fundamental analysis to study and evaluate the variables that impact an asset’s price.
You can assess the intrinsic value of a cryptocurrency to determine if it is undervalued or overvalued. This can be achieved by analyzing qualitative factors like the state of the economy and cryptocurrency market conditions, as well as the management and market capitalization of crypto companies.
Fundamental analysis can help traders determine the price of a cryptocurrency based upon a wide range of information. This could be a great way to make long-term investment decisions.
How to conduct a Bitcoin Cash price prediction today using fundamentals?
Fundamental analysis is when you examine the fundamentals of cryptocurrency projects, from their market capitalization to the utility and value of the native token.
Do not confuse the fundamental analysis and technical analysis. Fundamental analyses of cryptos are more qualitative and less tangible than statistical trends like price charts or historical market data.
The fundamental analysis of cryptocurrency is like that of traditional financial markets with more traditional assets such as stocks. It is not as important to focus on a company’s historical financial performance, financial statements, or balance sheets.
The following parameters can be used to help investors predict trends in crypto markets:
- Market capitalisation
- Total and circulating supply
- Token utility and use cases
- Community size
- The team of the crypto project
- The crypto's trading volume
- Crypto exchanges listings
- Partnerships with trusted institutions
- The latest news about the coin
- Government rules and regulations
It is important to remember that fundamental analysis can only give you an overview of cryptocurrency investments. You can better understand the project and the future changes in cryptocurrency prices by looking at all the information. To get a better picture, you can also refer to the company’s whitepaper.
You can also examine blockchain metrics which provide crucial information about a cryptocurrency's technology and processes.
Bitcoin Cash Forecast using technical analysis
Technical analysis uses historical price charts and market statistics to examine and anticipate price changes in the financial markets. It is founded on the concept that if a trader can recognize historical market trends, they may anticipate future price trajectories accurately.
Whereas fundamental analysis focuses on an asset's 'real value,' considering both external and intrinsic elements, technical analysis is only based on an asset's price charts. To anticipate future movements, all that is required is the recognition of patterns on a chart.
The ability to recognize price trend cues in a market is an important part of any trading strategy. All traders must devise a strategy for determining the optimal entry and exit points in a market and using technical analysis tools is a popular technique of doing so.
Technical analysis software is now so widely utilized that many people believe it has established self-fulfilling trading rules: As more traders use the same indicators to find support and resistance levels, more buyers and sellers will congregate around the same price points, repeating the patterns.
In general, technical analysts look at the following broad types of indicators, formations, and theories:
- Price trends (trendlines, channels, Elliott Waves, Dow Theory)
- Chart patterns (double tops and bottoms, head and shoulders, triangles, wedges)
- Price action (pin bar, inside and outside bars, and different candlesticks chart patterns)
- Trend following indicators (moving averages, Ichimoku, ADX)
- Volatility indicators (Bollinger bands, ATR)
- Oscillators (RSI, MACD, CCI, stochastic)
- Support and resistance levels (Fibonacci retracements, pivot points)
Inside bars and outside bars are used by price action crypto traders. Although trading single candlestick patterns is usually not recommended, if such formations are traded within the right chart context, it is possible to create useful signals.
An outside bar pattern consists of two candlesticks. The first one is typically much smaller and the second completely engulfs the first candlestick, hence the name outside bar. The outside bar can have various meanings, depending on the chart context.
We can see the same pattern in the BTC/USD daily chart above and the candlestick sequence foreshadowed the upcoming downtrend. After 4 consecutive bullish candlesticks that may have been seen as a breakout, a strong bearish outside bar started the new downtrend. This type of price action signals a fake breakout.
Bitcoin Cash Prediction Using Market Sentiments
In finance, the term "sentiment" refers to a viewpoint or opinion about a market's condition. The sentiment of crypto market investors towards the asset is a description of their general emotions and attitudes. It reflects the collective psychology of all those involved in trading and developing cryptocurrency.
How investors feel about cryptocurrency can have a tangible impact on market cycles and the price. It can have serious implications if enough traders act on the ideas, thoughts, and feelings they share, regardless of whether they are based upon real-world data. This is evident in how tweets by Elon Musk have impacted Bitcoin's price (a bullish sentiment).
For analyzing the sentiment of cryptocurrency markets, there are many statistics you can use. The following statistics provide vital information about the movement and trajectory of cryptocurrency assets: funding rates, sentiment indices, social media, community analysis, and whale monitoring.
The funding rates are the monthly payments that traders receive based on price differences between the spot price of currencies and tokens and the price difference between cryptocurrency perpetual contracts. Positive funding rates indicate a bullish market.
A sentiment index is used to predict whether investors will act fearfully or greedily. It can be affected by volatility, market momentum, and investor responses to surveys. A fearful market can be an opportunity to buy if it is managed correctly. Conversely, a greedy market means that it is a good moment to sell.
Another crucial aspect for assessing sentiment in crypto markets is the community’s activity on social media, especially Twitter and Telegram. Investors would look for an active social network with meaningful interaction across platforms.
Whale monitoring is the process of keeping an eye out for big crypto players. A cryptocurrency whale is an investor who holds large-value transactions on multiple blockchains is called. Whale watchers spot major market participants' trades and trade accordingly.
Bitcoin Cash Historical Prices
Bitcoin Cash is a strong contender for a successful payment cryptocurrency and has the potential to out transaction faster with its 8 MB block size. However, it still needs to work harder to be equal to its peers. Although Bitcoin Cash has made its blockchain easier to scale and more suitable for small transactions, most miners and investors still prefer the original version of Bitcoin.
The price history of Bitcoin Cash has not been encouraging. It has been volatile and closely linked to the overall market situation. A single Bitcoin Cash was valued at more than $4,000 on December 20, 2017, just a few days after its creation. However, it is surprising that the cryptocurrency has been losing money quickly its price plummeted from that amazing level.
In 2018, Bitcoin Cash continued to drop in value, although it has seen an encouraging bull run in April. The average price soared to only $90 by December 2018.
For the next two years, between 2019 and 2022, Bitcoin Cash’s price managed to keep its balance and was trading between $200 and $400, following some steady trends. As of the spring of 2021, BCH followed the general market trend and surged above the $1,400 level for the first time since 2018, only to drop during the summer, back to the $430 level. The November 2021 bull run did not have such a significant impact on the Bitcoin Cash price, reaching only $670, while Bitcoin was reaching a new time high.
As of January 2022, the circulating supply of Bitcoin Cash is at 18.9 million BCH, and it was trading at $290, with a 24-hour trading volume of $4,543,409,845. Like Bitcoin, the BCH coin has a hard cap of 21 million. According to CoinMarketCap, BCH’s all-time high value was reached on December 20, 2017, at $4,355.
Is Bitcoin Cash worth buying in 2022?
Bitcoin Cash aims to further develop into payment crypto, available for all retail investors and companies that want to accept crypto payments. New network developments and partnerships could drive the price up in 2022.
How high can Bitcoin Cash go in 2022?
Most cryptocurrency forecasters have made optimistic predictions for BCH’s price in 2022. One of the most optimistic forecasts is $1,072, by WalletInvestor.
Will Bitcoin Cash crash in 2022?
According to most experts and prediction websites, Bitcoin Cash has a low chance of crashing in 2022.
Does Bitcoin Cash have a future?
Bitcoin Cash has a solid roadmap for future developments and has proven its utility as an everyday payment coin.
What will Bitcoin Cash be worth in 5 years?
Bitcoin Cash has good chances to rise over the next five years, as more developments are planned by its developers. According to WalletInvestor, Bitcoin Cash could be worth $2,700 by 2027.
What Bitcoin Cash will be worth in 2025?
According to WalletInvestor, BCH’s price could surge to $2,300 by 2025.
What Bitcoin Cash will be worth in 2030?
Predicting the price of any cryptocurrency so far off into the feature is often impossible, but according to PricePrediction, the price of Bitcoin Cash (BCH) could reach over $9,000 by 2030.
The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.
The research analyst is not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation or particular financial needs before making a commitment to invest.
The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided.