Description: Are you a holder of Bitcoin Cash? Read the 2021 Forecast of Bitcoin Currency. Is next year’s BCH a good investment? Learn more. – Read more.
Keywords: bch forecast, bitcoin prediction of cash price
Coingecko claims that Bitcoin Cash (BCH) currently rates 5th among the leading market capitalization cryptocurrencies. It indicates a 59.8% annual increase at a price of $343.65 at the time of publishing.
Is BCH an outstanding 2021 investment? Let’s analyse how BCH worked in 2020 with a favourable BCH price outlook.
Source: Costa Rica
BCH hits its local high price of approximately $500 by February 2020 based on the Bitcoin Cash price map. After 1. January 2019, the BCH price is $168 per month, which has risen 153 per cent during this period. Therefore at about 8 billion dollars, the BCH market cap then floated.
It is not unexpected that BCH’s local price dropped to its lowest of less than $150 on the Crypto Black Thursday phenomena of March. Since then the estimate of Bitcoin cash prices varies from $200 to $300 promoting and resistance.
After its rough fork, BCH sank last weekend. The price decreased by 5 percent from $255 to $240. The price rise today marks the rebound, as the hard fork delayed BCH price briefly.
Prediction of Bitcoin Cash Price in 2021
The forecast of the BCH price tilt toward a bullish feeling by the beginning of 2021 at least. After a lengthy accumulation phase in the month of November, Bitcoin Cash shows signs of life. This follows an unsustainable collapse between February and March and August and September.
From a macro point of view, the Bitcoin Cash bulls’ strong levels of resistance are at $320 and $340, respectively. However, the Bitcoin Cash price estimate for 2021 is conservative for $250. Both abrupt changes in the market are considered.
On the other hand, the latest hard fork may have a longer long-term impact on the BCH price. The optimistic 2021 price projection of BCH is therefore $400.