This Bitcoin Cash price prediction will allow traders to decide if BCH is a profitable investment in 2021. Read our price prediction with complete details and charts for further details to help you understand.
Bitcoin Cash Price Prediction 2021
In this article below we will tell you about the Bitcoin Cash Price Prediction 2021 that will help you to plan your 2021 accordingly.
Bitcoin Cash price prediction is optimistic as the coin continues to be one of the top 10 cryptocurrencies in the Coingecko crypto market ranking. Today, the crypto is traded at a high price of almost $350 with a growth rate of 23.5% in the past 30 days. The latest blockchain split of the crypto can somehow be considered in the coin’s price recovery lately.
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Source: Tradingview
The chart above shows how the crypto managed to maintain its uptrend position. It also displays its growth rate of almost +79% from its bearish dip last September 3 to its current price of $359.33. If this goes on, the crypto’s BCH price prediction for this month and next might hit the bullish price of over $360. Best of all, the crypto may reach the bullish price of $380 to $400 in 2021 if the market continues to favor the crypto.
However, if the bulls turn against the crypto, BCH’s price might plummet and break out from its uptrend position. The crypto price can go down as low as $300, a position preferred by the bears but not by the investors. In this case, the bulls must find a way to regain composure and climb back to its uptrend position. Otherwise, the bears might gain enough peers to pull down the crypto even further, a scenario that would clearly defy the BCH price prediction for this year.
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Moreover, the relative strength index (RSI) is now at level 75. This means that the crypto is now facing an oversold state. In this event, the crypto might perform a price pull back, a scenario that would not favor BCH. In order to prevent a price pullback, the bulls must gather enough investors to hold the uptrend position of the crypto. With this, the crypto can also secure its Bitcoin Cash price prediction for the year 2020 and 2021.