Bitcoin Cash Price Prediction: A 100% BCH Pump is Very Likely

Summary:
• Our Bitcoin Cash price prediction is still bullish, as indicated in last week’s article. Bulls might buy ongoing dip before targeting $200.

Our Bitcoin Cash price prediction is still bullish, as indicated in last week’s article. Currently, the price is retracing due to a correction in the BTC price. The short-term price outlook will likely stay bullish as long as the price holds the $110 level. At the time of writing, BCH price is trading at $134 and has lost 4.4% since yesterday.

Most altcoins are facing a pullback as the Bitcoin price is correcting after a rejection from $23,500. BCH is also correcting after running into resistance at $165 price level. The daily trading volume is also down from last week.

Bitcoin Cash price is 96.7% down from its 2017 high. Despite an unprecedented BTC bull run last year, BCH failed to gain much traction. Consequently, the cryptocurrency has now slid to the 32^nd rank by its market cap. The coin was once valued at 0.25 BTC in November 2017, but it is now trading at only $0.006 BTC.

According to Bitcoin Cash news, Japan will have crypto ATMs again. These Gaia BTMs would support BCH, BTC, ETH and LTC.

Bitcoin Cash Price Prediction

The BCH USD chart’s technical analysis shows a falling wedge formation followed by a huge breakout. If it gets confirmed, this breakout can potentially send the price to stellar. In such a scenario, bulls might target the $200 level in the short term and the $279 level. The $110 price level might act as a line in the sand. A breach of this level would mark a lower low on the higher timeframe.

It is also worth mentioning that the above Bitcoin Cash price prediction needs the BTC price to remain stable. If Bitcoin makes lower lows, then similar price action is expected from BCH.

Bitcoin Cash Daily Chart

InvestingCube Premium S&R Levels

Trading cryptocurrencies could be very daunting for new investors. Therefore, it is always helpful to learn from experienced traders. We at Investingcube have developed an indicator to keep you updated about all the potential trade setups. Therefore, it is highly recommended to subscribe to Premium S&R Levels which is managed by the most profitable traders in the market.

Currently, the Bitcoin Cash price analysis of S&R Levels is also bullish. The indicator suggests a buy at the $135 level, with upward targets of $145 and $160. Stop loss must be placed at $125. You may trade this setup by signing up on Binance or BYBIT within a few seconds.