Bitcoin Cash Gained 148.00% in Last Month and is Predicted to Reach $319.85 By Jul 07, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Bitcoin Cash is down -4.85% today against the US Dollar
• BCH/BTC decreased by -5.30% today
• BCH/ETH decreased by -4.38% today
• Bitcoin Cash is currently trading 11.90% below our prediction on Jul 07, 2023
• Bitcoin Cash gained 148.00% in the last month and is up 177.00% since 1 year ago

BCH price is expected to rise by 13.51% in the next 5 days according to our Bitcoin Cash price prediction

Bitcoin Cash price today is trading at $ 281.79 after losing -4.85% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -3.46% in the same time period. BCH performed poorly against BTC today and recorded a -5.30% loss against the world’s largest cryptocurrency.

According to our Bitcoin Cash price prediction, BCH is expected to reach a price of $ 319.85 by Jul 07, 2023. This would represent a 13.51% price increase for BCH in the next 5 days.

BCH Price Prediction Chart

Buy/Sell Bitcoin Cash

What has been going on with Bitcoin Cash in the last 30 days

Bitcoin Cash has been displaying a positive trend recently, as the coin gained 148.00% in the last 30-days. The medium-term trend for Bitcoin Cash has been bullish, with BCH increasing by 131.00% in the last 3 months. The long-term picture for Bitcoin Cash has been positive, as BCH is currently displaying a 177.00% 1-year price change. On this day last year, BCH was trading at $ 101.73.

Bitcoin Cash reached its all-time high price on Dec 20, 2017, when the price of BCH peaked at $ 4,358.92. The current BCH cycle high is $ 1,622.04, while the cycle low is at $ 77.24. BCH has been displaying high volatility recently – the 1-month volatility of the coin is at 40.27. Bitcoin Cash recorded 17 green days in the last 30 days.

Bitcoin Cash technical analysis for today – Jul 02, 2023

The sentiment in the Bitcoin Cash markets is currently Neutral, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 279.92, $ 268.80 and $ 254.39, while $ 305.46, $ 319.87 and $ 330.99 are the key resistance levels.

Neutral sentiment for Bitcoin Cash

23 indicators are currently signaling a bullish prediction for Bitcoin Cash, while 11 indicators are showing a bearish forecast. With 68% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Bitcoin Cash.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 63 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Bitcoin Cash moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Bitcoin Cash is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Bitcoin Cash is at 80.70, suggesting that BCH is currently overbought.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Bitcoin Cash over the last 50 days. Currently, Bitcoin Cash is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the BCH closing price for the last 200 days. BCH is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Bitcoin Cash prediction

After considering the above factors, we can conclude that the current forecast for Bitcoin Cash price prediction is Neutral. BCH would have to increase by 13.51% to hit our $ 319.85 target within the next five days. Moving forward, it will be important to monitor the BCH market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Bitcoin Cash price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.