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New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?
New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?

Bitcoin Cash March Price Forecast: $150 BCH Price Level Expected? The Best and Worst Scenarios for BCH

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    ₿👇🏻Bitcoin Cash price in March 2019 – Will we witness BCH crawl back to $150? Predictions and opinions from TradingView users

Bitcoin Cash March Price Forecast: $150 BCH Price Level Expected? The Best and Worst Scenarios for BCH
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Since the end of February, Bitcoin Cash has been through somewhat of a bearish period – its price has fallen by $20, and it has lost nearly 200 million in market cap between February 26th and March 5th. Traders are waiting for it to recover in March. Will BCH get back to its previous $150 price level? Experts from tradingview share their opinions.

BCH breaks out of the bearish trend

BCH has two ways to go

Bitcoin Cash price chart from legendster

Look at the chart from legendster: BCH’s price has fallen by 10%+. Support lows have been breached several times in a row, and now we have two options. Either BCH will enter a stagnation channel and fall to $123 and lower within the following days, or in the best case, it will enter a recovery channel and rise to $135 and higher in the following days.

No panic! Wait for entry points

Even if BCH falls, it’s a great investment opportunity

Bitcoin Cash price chart from Moiz96

According to a user nicknamed Moiz96, ABC/Bitcoin Cash is testing the support level, and if it drops from the green line, it will bounce within pink parallel channels before it finally drops to Red resistance level. Sound bad? It’s not all decided yet. The plummeting of BCH can mean new investment opportunities for traders. However, they need to find a good entry point to buy BCH. No need to panic – Bitcoin Cash should recover even in the worst case.

BCH should stay above $115 level to reach $150

BCH should stay above $115 to rise again

Bitcoin Cash price chart from Coinkilavuz

The user Coinkilavuz claims there’s nothing to worry about until BCH is above $115 level. We can already see that the coin has gained in price during three days, since the forecast was posted. Maybe, he is right? If yes, a $150 value is possible to be reached by the end of this March.

Collapse is coming

All altcoins will soon collapse – market cap is to fall

Bitcoin Cash price chart from AIMORAN

A user called AIMORAN analyzed the overall cryptocurrency market and has come to the conclusion that BCH is not worth buying right now. Here’s what he says:

“BCH thought that felt good for years, but this lasted just until the hard-fork BSV 15th November. Now the activity levels are quite low and there is no positive dynamics – let's take the coin to the basket of the weak.”

Judging by his crypto market chart, the overall market cap will only fall during the following months. That means BCH might fall to $120-110 this month.

Bitcoin Cash heads $300

$300 doesn’t seem to be a realistic BCH price

Bitcoin Cash price chart from blockchaincharts

The most positive BCH price overlook is offered by blockchaincharts. After analyzing Bitcoin Cash’s performance in 2019, they claim it had an MA index of 200, which means it might gather $300 in this Spring. That doesn’t seem to be a realistic prediction for March, though. Not with its current tendencies.

All in all, Bitcoin Cash might be a great short-term investment. If it nosedives again, do not miss your chance to invest because recovery is very likely to follow. But don’t forget to trade responsibly!

BCH/USD price chart on TradingView

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?

New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?
You may also like:
Contents

After trying to retain the position above $4,000, Bitcoin seems to be stuck. What to expect from BTC during the following weeks? What’s the best time to invest in Bitcoin? Let’s try to figure it out with tradingview users: they will provide their BTC price predictions and opinions about investment strategies.

Bitcoin has to break another resistance

Both shortage and resistance breaking are possible for BTC

Bitcoin price chart from DianKemala

This BTC price chart clearly explains the influence of the Fibonacci level on its price. Traders saw a big bearish candle 2 days ago, but bears stopped at $3,936 and started performing a sideways consolidation pattern.

Bitcoin failed to break the Fibonacci resistance zone (4004 - 3986), which isn’t a bullish sign, but we have another resistance above at $4,038. If Bitcoin is able to break up this resistance, the bullish period will continue. The important support before the bearish period is around $3,936. If this support breaks down, expect a bearish target at $3,860, or maximum at $3,780. 

Will BTC get back to $3,600?

$3,600 level is ideal for investments

Bitcoin price chart from MarcPMarkets

We are watching the BTC market trying to overcome 4K resistance level with varying success. According to MarcPMarkets, the current BTC trading environment does not offer an attractive reward/risk for putting any new money to work.

All risks should be properly assessed. The low 4K area is still the range resistance, while the lower 3K area is the range support. In the green box, you can view the potential reward, while the red box represents the potential risk. Why would we put on any new swing trades at range highs when chances are the price is more likely to test much lower levels in the short term? 

Candlesticks or RSI are not the only signals of upcoming BTC fall. The fact that price is beginning to show signs of structural weakness confirms our reasoning that staying out of any new swing trades near the range highs is the best choice for now. Support levels begin around the high 3600s and continue through to the 3450 levels. That might be the ideal time for investments.

Although supply may be slowly removed from the market, it will take some time before the effects play out. So we will continue to wait for two particular scenarios: 1) price retraces toward the lower part of the range for a reversal to go long; or 2) price breaks beyond 4150 and provides a momentum continuation pattern for a long.

BTC is ready for capitulation

 BTC movement is around the corner

Bitcoin price chart from DataPatron

During several months Bitcoin was consolidating in a tight range between $3,300 and $4,400. Now it seems to be completing sideways mission, and long term volatility promises a serious movement that’s around the corner.

I am almost sure another red leg symmetrical to the previous one (from 6 to 3k) is before us.

All in all, Bitcoin is in a broader recovery over the long term, but the short term is just not in a position that offers attractive reward/risk. Consider an investment in BTC, if it hits the $3,600-3,700 bottom line in a few weeks.

BTC/USD price chart on TradingView

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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