Bitcoin Cash Price Prediction â BCH Price Estimated to Reach $âŻ485.17 By Mar 20, 2024
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 -7.60% today against the US Dollar
Bitcoin Cash is currently trading 16.12% below our prediction on Mar 20, 2024
Bitcoin Cash gained 51.60% in the last month and is up 229.85% since 1 year ago
Bitcoin Cash price $âŻ406.94 Bitcoin Cash prediction $âŻ485.17 (9.89%) Sentiment Bullish Fear & Greed index 83 (Extreme Greed) Key support levels $âŻ418.63, $âŻ395.90, $âŻ370.70 Key resistance levels $âŻ466.56, $âŻ491.77, $âŻ514.49
BCH price is expected to rise by 9.89% in the next 5 days according to our Bitcoin Cash price prediction
Bitcoin Cash price today is trading at $âŻ406.94 after losing -7.60% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -7.75% in the same time period. BCH performed poorly against BTC today and recorded a -0.04% loss against the worldâs largest cryptocurrency.
According to our Bitcoin Cash price prediction, BCH is expected to reach a price of $âŻ485.17 by Mar 20, 2024. This would represent a 9.89% price increase for BCH in the next 5 days.
BCH Price Prediction Chart
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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 51.60% in the last 30-days. The medium-term trend for Bitcoin Cash has been bullish, with BCH increasing by 76.44% in the last 3 months. The long-term picture for Bitcoin Cash has been positive, as BCH is currently displaying a 229.85% 1-year price change. On this day last year, BCH was trading at $âŻ123.37.
Bitcoin Cash reached its all-time high price on Dec 20, 2017, when the price of BCH peaked at $âŻ4,358.92. The current BCH cycle high is $âŻ1,622.04, while the cycle low is at $âŻ77.24. BCH has been displaying high volatility recently â the 1-month volatility of the coin is at 23.30. Bitcoin Cash recorded 17 green days in the last 30 days.
Bitcoin Cash technical analysis for today - Mar 15, 2024
The sentiment in the Bitcoin Cash markets is currently Bullish, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $âŻ418.63, $âŻ395.90 and $âŻ370.70, while $âŻ466.56, $âŻ491.77 and $âŻ514.49 are the key resistance levels.
Bullish sentiment for Bitcoin Cash
29 indicators are currently signaling a bullish prediction for Bitcoin Cash, while 1 indicators are showing a bearish forecast. With 97% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Bitcoin Cash.
Crypto market is currently experiencing Extreme Greed
Currently, the Fear & Greed index is at 83 (Extreme 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 âGreedâ reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A âFearâ 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
Letâs take a look at what some of the most important technical indicators are signaling. Weâll 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.
Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential MA3 $âŻ379.76 (BUY) $âŻ360.63 (BUY) - - MA5 $âŻ399.26 (BUY) $âŻ328.09 (BUY) - - MA10 $âŻ408.32 (SELL) $âŻ292.76 (BUY) - - MA21 $âŻ368.28 (BUY) $âŻ266.93 (BUY) -$âŻ123.10 (BUY) $âŻ258.91 (BUY) MA50 $âŻ301.60 (BUY) $âŻ248.59 (BUY) -$âŻ625.84 (BUY) $âŻ224.16 (BUY) MA100 $âŻ271.57 (BUY) $âŻ236.18 (BUY) -$âŻ580.74 (BUY) $âŻ230.05 (BUY) MA200 $âŻ238.82 (BUY) $âŻ216.50 (BUY) -$âŻ218.73 (BUY) $âŻ182.06 (BUY)
Period Value Action RSI (14) 64.62 NEUTRAL Stoch RSI (14) 1.57 BUY Stochastic Fast (14) 66.00 NEUTRAL Commodity Channel Index (20) 66.67 NEUTRAL Average Directional Index (14) 57.54 BUY Awesome Oscillator (5, 34) 104.09 NEUTRAL Momentum (10) -27.56 NEUTRAL MACD (12, 26) 1.18 NEUTRAL Williams Percent Range (14) -34.00 NEUTRAL Ultimate Oscillator (7, 14, 28) 63.23 NEUTRAL VWMA (10) 433.94 BUY Hull Moving Average (9) 439.21 BUY Ichimoku Cloud B/L (9, 26, 52, 26) 387.95 NEUTRAL
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 64.62, suggesting that BCH is currently neutral.
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 thatâs 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 Bullish. BCH would have to increase by 9.89% to hit our $âŻ485.17 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.