- Bullish Bitcoin Cash price prediction for 2022 is $0.07431 to $0.12341.
- The Bitcoin Cash price will also reach $0.2 soon.
- Bearish Bitcoin Cash price prediction for 2022 is $0.03961.
In Bitcoin Cash (BCH) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about Bitcoin Cash to analyze the future movement of the cryptocurrency.
Bitcoin Cash (BCH) Current Market Status
According to CoinGecko, the price of Bitcoin Cash (BCH) is $104.63 with a 24-hour trading volume of $559,738,095 at the time of writing. However, Bitcoin Cash has decreased to 1.3% in the last 24 hours.
Moreover, Bitcoin Cash (BCH) has a circulating supply of 19,109,693 BCH. Currently, Bitcoin Cash trades in cryptocurrency exchanges such as Binance, Bitget, MEXC Global, CoinFLEX, FMFW.io, OKX, FTX, Coinbase, Huobi Global, KuCoin, and Gate.io.
What is Bitcoin Cash (BCH)?
Bitcoin Cash (BCH) is the native cryptocurrency of Bitcoin Cash, a peer-to-peer payment system. Bitcoin Cash was one of the pioneer hard forks of the original blockchain. It was launched in 2017. This network focused on improving the throughput and lowering the transaction fees that the original Bitcoin blockchain included.
Bitcoin Cash accommodates larger blocks on its blockchain and facilitates faster transactions at cheaper costs. The Bitcoin Cash was hard forked further into Bitcoin Cash ABC (BCHA), and Bitcoin Satoshi Vision (BSV). Later in 2021, the network launched an EVM-compatible sidechain called smartBCH. BCH holds its stance competitive peer-to-peer electronic cash among merchants and investors.
Bitcoin Cash (BCH) Price Prediction 2022
Bitcoin Cash (BCH) holds the 32nd position on CoinGecko right now. Bitcoin Cash price prediction 2022 is explained below with a daily time frame.
The above chart of Bitcoin Cash (BCH) laid out the descending triangle pattern. This pattern is often regarded as a characteristic of a bearish trend. It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower support level, the bearish trend would be sustained.
Generally, descending triangle pattern indicates the reversal of an uptrend or the continuation of the downtrend. Traders keenly look out for a significant breakout point.
Currently, Bitcoin Cash (BCH) is at $107.3. If the pattern continues, the price of Bitcoin Cash might reach the resistance level of $132, $180, and $210. If the trend reverses, then the price of Bitcoin Cash may fall to $97.
Bitcoin Cash (BCH) Support and Resistance Levels
The chart below shows the support and resistance levels of Bitcoin Cash (BCH).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Bitcoin Cash (BCH).
| Resistance Level 1 | $155.4 |
| Resistance Level 2 | $210.5 |
| Resistance Level 3 | $280.3 |
| Resistance Level 4 | $361.7 |
| Resistance Level 5 | $485.2 |
| Support Level | $98 |
The charts show that Bitcoin Cash (BCH) has performed a bullish trend over the past month. If this trend continues, Bitcoin Cash (BCH) might run along with the bulls overtaking its resistance level at $485.2.
Accordingly, if the investors turn against the crypto, the price of Bitcoin Cash (BCH) might plummet to almost $98, 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 below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of Bitcoin Cash lies below the cutoff line, indicating weak participants in the current trend.
Moreover, the Moving Average (MA) of Bitcoin Cash (BCH) is shown in the above chart. Notably, the Bitcoin Cash price lies above 50 MA (short-term), so it is completely in an upward trend. Currently, Bitcoin Cash (BCH) is in a bullish state. There is a possibility of a reversal trend of Bitcoin Cash (BCH) at any time.
Meanwhile, the relative strength index (RSI) of Bitcoin Cash (BCH) is at a level of 57.01. This means that Bitcoin Cash is nearly in an overbought state. However, this gives confidence to the traders to trade without any fear.
Bitcoin Cash (BCH) Price Prediction 2022 — ADX, RVI
Let us now look 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.
The above chart represents the ADX of Bitcoin Cash (BCH). Currently, Bitcoin Cash lies in the range of 9.4, indicating a weak trend.
From the above chart, 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 Bitcoin Cash lies above 50, indicating high volatility. In fact, Bitcoin Cash’s RSI is at 57.01, thus confirming a potential sell signal.
Comparison of Bitcoin Cash with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Bitcoin Cash (BCH).
From the above chart, we can identify that the price action of BCH is moving in a similar trend to that of BTC and ETH. That is, when the price of BTC and ETH increases, the price of BCH also increases. When the price of BTC and ETH decreases, the price of BCH also 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 $560 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, Bitcoin Cash might rally to hit $650 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 investors for the next 3 years, Bitcoin Cash would rally to hit $730.
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 investors for the next 4 years, Bitcoin Cash would rally to hit $820.
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 investors for the next 5 years, Bitcoin Cash would rally to hit $900.
Bitcoin Cash (BCH) Price Prediction 2028
If Bitcoin Cash (BCH) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, Bitcoin Cash would hit $990.
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. Bitcoin Cash might hit $1100 by 2029.
Bitcoin Cash (BCH) Price Prediction 2030
With greater advancements in the Bitcoin Cash ecosystem, the crypto community might continue to invest in Bitcoin Cash (BCH) for the next 8 years and drive significant price rallies for the token. Hence, Bitcoin Cash (BCH) might hit $1200 by 2030.
Conclusion
With continuous improvements in the Bitcoin Cash network, we can say that 2022 is a good year for Bitcoin Cash (BCH). For this reason, the bullish price prediction of Bitcoin Cash (BCH) in 2022 is $485.2. On the other hand, the bearish price prediction of Bitcoin Cash (BCH) for 2022 is $98.0.
Furthermore, with the advancements and upgrades in the Bitcoin Cash ecosystem, the performance of Bitcoin Cash (BCH) might hit $500 gaining investors’ attention. It would also rise above its all-time high (ATH) of $3,785.82 in the near future.
FAQ
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.
Bitcoin Cash (BCH) has been listed on many crypto exchanges which include Binance, Bitget, MEXC Global, CoinFLEX, FMFW.io, OKX, FTX, Coinbase, Huobi Global, KuCoin, and Gate.io.
With the ongoing developments and upgrades within the Bitcoin Cash platform, Bitcoin Cash (BCH) has a high possibility of reaching its ATH soon.
On December 20, 2017, Bitcoin (BCH) reached its new all-time high (ATH) of $3,785.82.
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.
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 $500 soon.
Bitcoin Cash (BCH) price is expected to reach $560 by 2023.
Bitcoin Cash (BCH) price is expected to reach $650 by 2024.
Bitcoin Cash (BCH) price is expected to reach $730 by 2025.
Bitcoin Cash (BCH) price is expected to reach $820 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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Source: https://thenewscrypto.com/bitcoin-cash-bch-price-prediction