Within 2 years, Bitcoin Cash has proved to be a good investment, ranking 5th among all cryptocurrencies by market capitalization, according to Coin marketcap. As a prosperous Bitcoin fork, BCH is predicted to grow further. However, before we delve deep into our Bitcoin Cash price prediction, let's take a look at its history.
Bitcoin Cash (BCH) price analysis
Many cryptocurrency community members, including Ethereum and Bitcoin miners, don't accept Bitcoin Cash. Nevertheless, BCH has become a great investment tool. It's listed on different digital currency exchanges including Bitstamp, Coinbase, Gemini, and Kraken.
BCH's price history
It all started at about $200 for 1 BCH. Even at this rate, the cryptocurrency immediately hit the top of Coinmarketcap's charts by market capitalization. The rate doubled the next day. The price was stable, but after three weeks, it rose to $1,000. The community must have been convinced that it was an intentional rise because the price immediately fell to $700.
Bitcoin Cash (BCH) price prediction for 2021, 2025, 2030
It's tough to make a price prediction for such a volatile market. Technical analysis isn't enough. Why? To understand this, take a look at human psychology and follow the latest news about all top cryptocurrencies.
First, prices depend on Bitcoin. As it gains strength, it rushes swiftly onto the market and stimulates growth. On the other hand, it also generates a decrease for all coins. Why does this happen? People think that Bitcoin determines the market's near future.
Next, most cryptocurrencies are interdependent of each other with negative dynamics and relatively independent with positive ones. When the market falls, all currencies lose their price, but during a massive rise, each coin's price grows at its own rate.
BCH Price prediction today
These days, the whole crypto market is bearish. Traders are mostly selling Bitcoin Cash. That is why the BCH price prediction today is quite gloomy. In the coming days, the price will fall. There are some bullish reversals, but it won't be enough for a significant rise.