Bitcoin Cash Price Prediction

Bitcoin Cash is a popular offshoot of the original Bitcoin blockchain. This cryptocurrency emerged due to dissatisfaction with Bitcoin’s direction, as it had strayed from Satoshi Nakamoto’s vision of a digital cash system.

Bitcoin Cash was created to work more like a currency than a store of value and sparked off a tremendous debate between those who believed Bitcoin was right, and those who believed Bitcoin needed to transact faster and cheaper. 

A so-called civil war started brewing around this point with proponents of Bitcoin cash denouncing Bitcoin and labeling it as no longer the true Bitcoin. Bitcoin Cash then forked and was born in August of 2017 and started off well but has a tumultuous time since then.

Bitcoin Cash however, even though it is supposed to be a more functional currency, is a popular coin to invest in by cryptocurrency fans. The price of the coin has the classic volatility known in the space, and many people are predicting its future to be better and to offer higher prices in the coming months, and years. 

Cryptocurrencies are starting to permeate the narrative around the changing space of transactions and payments. Many feel that the future belongs to digital payments, and cryptocurrencies are being looked at by companies and even Central Banks. For this reason, Bitcoin Cash offers a great potential for future investors. 

With the Bitcoin price prediction coming into the conversation more and more often commentators are putting up some very interesting predictions for the coming years. So, will the price of bitcoin cash go up? Let’s find out!

What is Bitcoin Cash?

As mentioned above, Bitcoin Cash is one of the bigger and more well-known Bitcoin forks, but it is also not the oldest. Having been created just before Bitcoin reached its former all time high of $20,000 at the end of 2017, Bitcoin Cash increased the size of the blocks in the chain in order to allow more transactions to be completed, and at a faster speed.

Interestingly, the cryptocurrency underwent another fork in November 2018 and split into Bitcoin Cash ABC and Bitcoin Cash SV (Satoshi Vision). This indicates the desire to keep evolving Bitcoin and cryptocurrency in general, but BCH’s reason for forking was mainly due to the 1MB block size limitation for bitcoin. Transactions queued up, waiting for confirmation, because blocks could not handle the increase in size for transactions.

In order to battle this, Bitcoin Cash proposed increasing the size of blocks to between 8 MB and 32 MB, thereby enabling processing of more transactions per block. The average number of transactions per block on Bitcoin is between 1,000 and 1,500. The number of transactions on Bitcoin Cash’s blockchain during a stress test in Sep 2018 surged to 25,000 per block.

Roger Ver is the man who has driven this fork and has been pushing the idea that it was the original creator of Bitcoin, Satoshi Nakamoto, to have a digital currency that was functional under pressure. According to Ver and Bitcoin Cash believers, the change in Bitcoin’s block size will enable Bitcoin’s use as a medium for daily transactions and help it compete with multinational credit card processing organizations, such as Visa, which charge high fees to process transactions across borders.

Bitcoin Cash Price History 2017 through 2020 to Today

Bitcoin Cash, which was once one of the most revered cryptocurrency, has had a very difficult ride over the last several years. Volatility continues to be an issue with BCH, just as it is with other crypto, and in an uncertain environment when it comes to regulation, this will more likely than not continue to be the case.

It peaked just above the $1500 level during 2021, right before the crash in cryptocurrency occurred. This was roughly at the same time that Bitcoin broke the $60,000 barrier, but since then has seen very little in the way of bullish price action.

Following the $1500 level run, BCH has since dropped to the $100 range, where it awaits the next big catalyst. There were some attempts to break back above $750 on the way down, but they failed through lack of interest in crypto.

Bitcoin Cash Price Predictions by Experts

With Bitcoin Cash having so much potential in a digital payment world, and the fact that it has significant name recognition, the prediction of how price moves over the next several years will be crucial for investors.

BCH is a bit different than other crypto, because some people believe that Bitcoin Cash is the “real Bitcoin”, and should be elevated as such. However, there are those who think it is a wasted cryptocurrency and not as effective as the supporters believe it is.

Digital Coin Price

Digital Coin Price is bullish on Bitcoin Cash over the next several years. That being said, it’s trajectory looks to be more of a parabolic type of move, with the first couple of years being more slow and steady. By the end of 2023, they expect Bitcoin Cash to reach as high as $2

58.26, but it will be a very volatile year to say the least.

Looking forward, the farthest prediction they make is for 2032, with BCH reaching its highest $2302.23 for its maximum price. It is a slow and steady growth forecast for the next couple of years, but they expect things to go somewhat exponential in 2027.

The Economy Forecast Agency

The Economy Forecast Agency believes that BCH will be a lot more sluggish than Digital Coin Price believes, with it languishing over the next several years. While they expect 2023 to be a slow decline, with BCH peaking in June at $111, by the end of the year they expect BCH to be worth $89.

Looking forward, they believe that BCH will reach as low as $40 in February 2025, before starting to stabilize again. After that, they look for return to $102 med 2025, before tapering off yet again. The prediction looks very much like an up-and-down type of market, that has no real momentum.

Technical Analysis

To get a better understanding of where the market could go, it makes sense to pay close attention to technical analysis, as it can filter out a lot of the fundamental noise, as well as underlying biases of analysts. By studying support, resistance, and momentum, you can gain somewhat of an understanding where Bitcoin Cash may end up.

Bitcoin Cash Price Prediction 2023

Keep in mind that the biggest hurdle facing Bitcoin Cash is the fact that it is considered by a lot of traders as an afterthought when it comes to Bitcoin. In other words, it will more likely than not underperform BTC, but it also has a lot of its fortune tied to whether or not Bitcoin rallies or falls, as it does tend to move in the same general direction.

Bitcoin Cash Price Forecast 2024-2025

Anytime you try to predict the future price of an asset, it is fraught with difficulties. This is especially true when you take into account the volatility profile of crypto. Bitcoin Cash will more likely than not need the rest of the market to rebound in order to climb as this point.

What is the Future of Bitcoin Cash? Is BCH a Good Investment?

A lot of analysts believe that BCH will end up being a decent investment, but it’s also worth noting that there is a lot of uncertainty out there when it comes to not only cryptocurrency, but anything that is not either Bitcoin or Ethereum.

That being said, quite a few analysts are bullish on BCH going forward, but it may not be an easy ride. Below is a table that shows some of the potential high and potential low prices going out to 2030. Remember, most of what happens with BCH going forward will be a function of adoption of not only the coin, but crypto itself.

he destiny of Bitcoin Cash is intriguing since it was intended to be the improved version of Bitcoin, addressing its currency-related limitations. Nonetheless, Bitcoin’s evolution has shifted its popularity towards being an asset rather than a currency.

Nevertheless, there is a growing desire for cryptocurrencies to function more like actual currencies. With the name and history of Bitcoin, Bitcoin Cash can be considered the next iteration of the coin after the fork. However, controversy has surrounded Bitcoin Cash since August 2017, with many people disapproving of its focus on denigrating Bitcoin instead of advancing the coin.

Despite this, Bitcoin Cash presents an excellent opportunity for investors and traders to profit due to its volatile nature and potential for greater prominence in discussions surrounding the need for a more functional Bitcoin in the years to come.

In order to take advantage of Bitcoin Cash and start investing and trading in cryptocurrency, it is worth looking for a platform that suits. One of the more rounded and easy to use platforms that offers the chance to trade and invest in cryptocurrency is PrimeXBT. This platform has won awards for its simple user interface as well as its bank grade security. Sign up here.