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Bitcoin Cash (BCH) price prediction: Towards $1,700?

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Bitcoin Cash (BCH) has been surging – establishing higher highs and higher lows. However, BCH coin has not been able to cross its all-time high of $4,355 established in 2018. The cryptocurrency has established its 52-week high at $1,474 in the current bull run. At the time of writing, Bitcoin Cash stands at a price level of $1,323. The price of BCH coin has gone up by 20% in the past twenty-four hours while the daily trading volume has surged upwards by 100%. Ranked eighth in the market, the capitalization of the coin is also increasing.

Bitcoin Cash (BCH) technical analysis

The market sentiment for BCH coin is bullish. Out of the 26 technical indicators, fifteen are giving out a signal of buy while eight are standing at a neutral position and three are giving out a sell signal. The oscillators are bearish while the moving averages are neutral.

A trader is expecting minor pullbacks from BCH coin in his Bitcoin Cash analysis. After an upward move, the trader expects Bitcoin Cash will fall to $860 for the market to cool down. However, the support zone is expected to stabilize the coin so it does not fall lower. After the minor retracements, Bitcoin Cash is expected to continue its upward move. The trader has set a price target of $1,700 for BCH coin. Per the trader, Bitcoin Cash has been accumulating for the last nine months and it is just the beginning for the coin.

Bitcoin Cash (BCH) price prediction

Wallet Investor is not bullish on the one of the most successful hard forks. The predictions place Bitcoin Cash on a downward trend in the yearly timeframe with the price dropping to $1,173. However, the five-year estimates predict Bitcoin Cash at $1,703. On the other hand, Digital Coin Price places BCH coin at $1,907 by the end of the year with an extremely bullish five-year prediction of nearly $6,000 after five years.

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