Over the two years of existence, Bitcoin Cash has survived several hard forks, broke into the TOP 5 biggest crypto coins by market capitalization, and demonstrated periods of explosive growth. In better times, it cost more than USD 4000, but today it barely holds the price of USD 226. Read the Bitcoin Cash price prediction to know the future price of BCH and what to expect in 2020 – 2025 period.

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Bitcoin Cash price analysis

BCH entered the market in August 2017 and cost $200. Within a month it reached the $550 price point and attracted a lot of interest from crypto enthusiasts. The community liked the coin for its mining convenience and traders were seeking to make money on the new altcoin.

The market correction cut the price by 30% but in November, the next phase of growth began. Thanks to being listed on the top crypto exchanges and the release of official software, BCH jumped to $1000. Soon, the coin achieved its all-time high of $4355. 

However, it wasn’t long and the price decreased to $2600. Later, Bitcoin Cash moved downwards and reached $700. In May, BCH made a short term jump to $1500 and then continued to go down. 

In November 2018, a new hard fork occurred which led to the hashrate war with Bitcoin SV. It only worsened the downtrend and the coin fell to its lowest price – $75. Until the spring of 2019, Bitcoin Cash was trading between $130 and $170.

In March, the market finally started going up, but it wasn’t so long for BCH. When developers introduced new protocols to increase block size, one unknown hacker took advantage of the vulnerability of the system and launched an alternative chain. It resulted in double spending and users losing about $1.5M. Miners tried to operate on the new chain and began to open empty blocks. It caused a network crash and the system didn’t work at all.

To fix the situation, two mining pools – BTC.com and BTC.top combined their hashrates and performed a 51% attack to restore the system. It only raised more questions in the community about security and the decentralisation of Bitcoin Cash. It led to a price drop by 25%.

Today, Bitcoin Cash is trading at $234 and takes the 4th place in the rating by Coinmarketap. However, the coin has had a clear downtrend and here comes the question – what can drive the price in the future?

Bitcoin Cash price prediction by TradingBeasts for 2020, 2021, 2022, 2023

For the next three years, TradingBeasts has a quite moderate BCH price prediction. According to the forecast, Bitcoin Cash will reach $181 at the end of 2020. At the beginning of 2021, BCH will be about $200 and by the end of the year, the price will be about $306. In January 2022, Bitcoin Cash is expected to cost about $318 and by the end of 2021, it will be $405. The cryptocurrency will be gradually growing and at the end of 2023 Bitcoin Cash will cost about $481.

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