Bitcoin Cash drops 55.76% since launch and presently trading around $245.92 on the cryptocurrency exchange. Find out in this article whether to invest or evade in 2023 and beyond along with Bitcoin Cash (BCH) price prediction till 2050.
Bitcoin Cash or BCH is a hard fork of the leading cryptocurrency, Bitcoin and the token aims to improve global transaction cost and speed. BCH and BTC are closely linked as their anonymous creator, Satoshi Nakamoto released a whitepaper in 2008 on Bitcoin and it went live next year. Fast forward to 2016, growing popularity increased waiting time and thus Bitcoin Cash was born in August of 2017.
This new and upcoming fork (blockchain) quickly gained support from the existing Bitcoin community and Bitmain helped the token increase block size so that speed could be enhanced. However, the community would soon separate as there were differing views on SegWit upgrade and later in November 2018, another split came which created Bitcoin SV (BSV) and Bitcoin ABC. The latter emerged as Bitcoin Cash and has been the ideal alternative to BTC.
Let’s take a quick look at the present stats of Bitcoin Cash on the cryptocurrency exchange before jumping into analysis and predictions.
Price | $245.92 (3.71%) |
Volume | $453,012,073 (25.59%) |
Market Cap | $4,781,926,978 (3.82%) |
Circulating Supply | 19,452,656 BCH (92.63%) |
Total Supply | 19,452,619 BCH |
Max Supply | 21,000,000 BCH |
Rank | #15 |
All-time-high | $3,909 (21/12/2017) |
Is Bitcoin Cash a Good Investment?
Analysis shows that Bitcoin Cash can be a good investment even in 2023 as prices are quite low and multiple hints leading to a prospective future. Being backed by large institutions and a hard fork of Bitcoin, long-term gains can also be targeted.
Please note that cryptocurrencies are risky investments and if you are highly interested, you can check out any Bitcoin exchange-traded fund (ETF). Or, you can conduct self-analysis from the candlestick chart of BCH. Read our predictions below for further information on Bitcoin Cash and if you are still unsure, seek professional financial advice.
Bitcoin Cash Price History
Bitcoin Cash was launched in the decentralized exchange back in July 2017 and quickly touched a lifetime ATH of $3,909 in December of the same year. The cryptocurrency has been declining since with a reversal attempt in January 2021 reaching a maximum price of $1,342.44. It is presently priced at just $245 and below is a brief table of Bitcoin Cash historical prices:
Date | Min Price | Max Price |
Dec 2017 | $1,226.21 | $3,909.62 |
Apr 2018 | $603.71 | $1,560.94 |
Aug 2018 | $481.43 | $779.95 |
Dec 2018 | $75.08 | $229.01 |
Apr 2019 | $167.09 | $342.87 |
Aug 2019 | $272.88 | $353.70 |
Dec 2019 | $172.95 | $221.66 |
Apr 2020 | $209.52 | $277.65 |
Aug 2020 | $260.73 | $334.78 |
Dec 2020 | $255.87 | $378.17 |
Apr 2021 | $532.05 | $1,208.59 |
Aug 2021 | $520.37 | $713.67 |
Dec 2021 | $354.56 | $587.04 |
Apr 2022 | $273.40 | $388.41 |
Aug 2022 | $112.32 | $148.03 |
Dec 2022 | $95.73 | $116.64 |
Apr 2023 | $113.56 | $135.97 |
Check out the all-time price chart of Bitcoin Cash on Coinbase for conducting price analysis and self-research.
Bitcoin Cash Price Prediction 2023 to 2050
Bitcoin Cash predictions are made using calculations of price analysis, market sentiment, technical analysis, candlestick chart, fundamentals and more. Even so, cryptocurrencies are volatile (finance) investments and our predictions are not a replacement for financial advice. You can use it for educational purposes as we discuss our speculation of Bitcoin Cash for 2023, 2024, 2025, 2030, 2040, and 2050.
Year | Min Price | Avg Price | Max Price |
2023 | $142.16 | $234.09 | $291.37 |
2024 | $183.95 | $284.62 | $326.44 |
2025 | $249.68 | $318.49 | $379.31 |
2026 | $283.46 | $351.89 | $449.65 |
2027 | $310.82 | $394.47 | $519.14 |
2028 | $393.46 | $468.05 | $536.22 |
2029 | $483.90 | $504.94 | $582.57 |
2030 | $561.06 | $658.75 | $913.49 |
2040 | $909.34 | $1,384.58 | $1,703.12 |
2050 | $2,51.79 | $3,761.67 | $4,246.05 |
Bitcoin Cash Price Prediction 2023
Predictions for Bitcoin Cash indicate a possible high of $291.37 with average trading prices around $234.09. Due to SEC crackdowns on firms like Binance, the market has been disturbed for quite a while. Speculations also hint that a probable bull run is on the hold due to it; even so, the market sentiment of Bitcoin Cash is 52% bullish and has a possibility of growing.
The market turbulence itself can be a key factor as investors seek to diversify their digital assets. In such a situation, many are moving their interest from Ethereum and Ripple and moving to safer options like Bitcoin Cash. Moreover, institutions like Charles Schwab and Fidelity are supporting BCH from meeting the same fate as most tokens in the present market. If bearish trends set on the exchange, we might also see price dropping to a low of $142.16.
Bitcoin Cash Price Prediction 2024
Forecast of Bitcoin Cash in 2024 predicts prices to be between $326.44 (high) and $183.95 (low). Being a proof-of-stake crypto it was not a major part of securities until the recent huntdowns. It has changed now according to the SEC, and tokens like Polkadot and Bitcoin Cash are now under supervision.
If the projected bull rally does occur in 2023, we can see a higher opening price for 2024. There is also a possibility of further delay but it is noteworthy that in the previous bull market in 2021, Bitcoin Cash remained mostly unaffected. Our study and forecasting of BCH suggests that either way, average prices are expected around $284.62. Technical analysis also shows a neutral indication for Relative Strength Index and Stochastic % with Moving Averages showing slight sell signs.
Bitcoin Cash Price Prediction 2025
Price predictions for Bitcoin Cash in 2025 forecast a high and low of $379.31 and $249.68 respectively with average trading at $318.49. With Bitcoin halving projected mid 2024, mining cost is going to increase and thus bring a slight toll on its growth. As the mining pool decreases, the reward follows a similar path but prices have always spiked. Please note that Bitcoin Cash has rarely enjoyed the effects of halving events as back in May 2020, prices grew from $249.94 to $1321.58 over a year.
However, speculations lead us once again to the bull rally that can attempt to push numbers much higher. Before investing long-term, you should also consider the fact that Bitcoin ABC withdrew operations back in November 2020 just a year later, prices have only been dropping. For taking an informed decision, stay tuned on the latest cryptocurrency news as it plays a huge role in affecting prices.
Bitcoin Cash Price Prediction 2030
Analysis of Bitcoin Cash for 2030 predicts prices to be soaring at a high of $913.49. The candlestick chart of the present market suggests that the market is bullish in the long-term and average prices are expected around $658.75.
The Web3 world is already transforming and having a variety of effects on the decentralized exchange. Moreover, the backing of financial institutions also gives the probability of better market liquidity in 2030. Bearish trends can still bring prices to an absolute low of $561.06.
Bitcoin Cash Price Prediction 2040
Between 2030 and 2040, Bitcoin Cash prices are forecasted to traverse between $1,703.12 (high) and $909.34 (low). In the ten year period, BCH is predicted to make several turns as Oscillators such as RSI, Momentum, and Stochastic %K all indicate buy signs.
Forecasting also suggests that Bitcoin Cash is going to improve their services and gather greater social awareness. Stay tuned with Bitcoin Cash Projects for a deeper understanding of the token’s future plan.
Bitcoin Cash Price Prediction 2050
Taking our forecast further to 2050 shows that Bitcoin Cash can reach a new ATH of $4,246.05. The present record stands at $3,909 and expected to sustain there for a while. Even so, by 2050 it will be very challenging for BCH to sustain at top ranks if advancements are not made.
Due to which bearish trends may appear and Bull Bear Power for long-term also suggest a negative indication. In such an instance, we might see prices drop to a low of $2,51.79. Considering that BCH is a hard fork of Bitcoin, there is still a chance of average prices treading around $3,761.67.
Should I Buy Bitcoin Cash?
Analysis of Bitcoin Cash suggests that in the long-term it has immense room for growth due to interest from financial institutions as an opportunity to diversify their portfolio. Being a hard fork of Bitcoin, it is highly unlikely to replenish in the coming future but as acceptance of cryptocurrency increases, prices are also expected to follow the same trajectory.
Even so, regulatory issues have brought uncertainty in the Web3 world and only invest in Bitcoin Cash once your research is complete. Moreover, risky investments demand a high appetite in the current bearish market. If you are ready to take, you might consider this digital currency as your next investment venture.
Realistic Bitcoin Cash Price Prediction
Realistic predictions from the candlestick chart of Bitcoin Cash suggests that the market is bullish and upcoming prices might follow this path. Since EMA indication is a ‘strong buy’ in 15-min study, there is a chance of prices rising slightly. If we increase the time frame of our analysis, the Oscillator indicates a buy sign which can be an indication of price reversal.
Check out the candlestick chart of $BCH for conducting your own analysis as our predictions made above are only means for educational purposes. If you are looking to invest in the fork (blockchain) of Bitcoin, conduct deeper research or seek professional analyst advice.