Vera Thornpike

Bitcoin Cash Price Analysis 2019 – Buy Now, Enjoy 20x ROI Later? Don’t Rush Before You Read Popular BCH Price Predictions

Bitcoin Cash price forecast 2019 from leading crypto experts and websites: BCH promises to grow at least tenfold
Bitcoin Cash Price Analysis 2019 – Buy Now, Enjoy 20x ROI Later? Don’t Rush Before You Read Popular BCH Price Predictions
You may also like:
Contents

For many crypto holders, Bitcoin Cash is much more appealing than Bitcoin – it offers a higher processing speed and lower fees. Like its parent coin, Bitcoin Cash went through a boost in 2017: being launched for the price of $250, it hit the $651 mark within one day and managed to reach $900. After that, a serious crypto market nosedive followed, and BCH was struck by this wave, too.

Bitcoin Cash Price Analysis 2019 – Buy Now, Enjoy 20x ROI Later? Don’t Rush Before You Read Popular BCH Price Predictions

The storm seems to be quieter now, and the crypto world is very optimistic about Bitcoin Cash price predictions.

What do experts think?

The crypto market is ever-volatile, and the BCH price can change in minutes, so making short-term predictions is quite hard. However, experts looking at the future of Bitcoin Cash readily make predictions concerning how it will perform in 2019. Let’s check out their opinions.

  1. Roger Ver, one of Bitcoin's main supporters, is sure that BCH can gain considerable value within two years. He is convinced that Bitcoin Cash can be stored and used just like cash, so it’s perfect for everyday purchases.

  2. According to the Trading Beasts website, 2019 will be a lucky year for BCH because its price could go up to $2,703.17. In 2020, it will continue growing to reach as much as $5,635.44 and be as low as $3,832.10.

  3. The Smartereum crypto prediction platform states that Bitcoin Cash will reach as high as $6,700, which means x55 growth within a year. Their five-year BCH prediction is mind-blowing: $24,600 seems to be a fantastic sum.

  4. CryptoGround provides a more realistic price prediction: BCH might reach $707 by the end of this year and crawl to the level of $3,067 within five years.

  5. The Us Lifted crypto prediction website gives a very generous BCH prediction: $9,735 by the end of 2019. Considering the current price of $123, this is too bullish and optimistic.

Users from various forums speculate that Bitcoin Cash can reach $9,560.28 within two years, which doesn’t seem to be realistic at this very moment.

What can drive BCH growth?

However, we cannot ignore BCH’s salient features. First, this cryptocurrency is more technologically advanced than Bitcoin. Secondly, BCH is being actively developed. There are several teams working on BCH: they represent many projects, including Bitcoin Unlimited, Bitprim, Nchain, Bitcrust, ElectrumX, Parity and Bitcoin XT.

Recently, Bitcoin Cash got listed on the Gemini Exchange, which will contribute to its growth. Besides, a few months ago, Bitcoin Cash counted over 2.1 mln transactions, which accounted for 63% of total cryptocurrency transactions made within that 24-hour span. This was a very successful achievement of the BCH community, and they hope to repeat this scenario.

Thus, we can conclude that Bitcoin Cash has great chances to reach the $1,000 threshold this year, and crawl to $2,000 or higher by the end of 2019.

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.

Join our Telegram channel to get news even faster!
908 views
👓 Recommended articles
something-wide
something-wide
Vera Thornpike

Bitcoin Short-Term Price Analysis: $4,000 BTC Price Is to Be Hit Again. What to Expect from BTC This Week?

🤑📈Bitcoin short-term price prediction from TradingView users. Is BTC to overcome $4,000 this week? When to buy Bitcoin? Patterns and factors contributing to BTC growth.
Bitcoin Short-Term Price Analysis: $4,000 BTC Price Is to Be Hit Again. What to Expect from BTC This Week?
You may also like:
Contents

Bitcoin has managed to make it to $4,000 but didn’t hold long. What will be its next steps? Will BTC reach new heights, or is its short-term success to be eclipsed by another bearish trend? tradingview users share their outlook on Bitcoin’s nearest future.

BTC is going through ABC correction

Bitcoin is through ABC correction

Bitcoin price chart from botje11

According to user botje11, Bitcoin seems to be going through ABC correction. So far, it has been moving towards the $4,200 neckline again. Volume is moderate, but not bad. It looks to be developing normally within what looks like a right shoulder. Since December 2018, it has been attempting to form an inverse H&S pattern.

Here’s what botje11 writes:

“In a short term, we want to see something like the chart on the left. Making a bigger bull flag here. So touching 4000/4020 again and then retest the support one more time around 3950/40. If we see this happen without any strange moves, chances will be very high to see an attack of the 4200. As you know from my previous analysis, that if we see a touch of 4200ish, even when seeing a rejection there at first, i am quite sure it will break eventually. In this scenario, 4000 should be the low after touching the 4200ish.”

If we manage to move up above 4000/4050, the volume should increase. To witness positive changes, the rally should be bigger than before. The real volume jump can be postponed until a break of the $4,200 level. But then it has to be enormous. Seems like traders aren’t willing to wait anymore.

Short-Sale Structure pattern is here

We are likely to see Bitcoin falling to a support line

Bitcoin price chart from CryptoManiac101

According to CryptoManiac101, up to date, we are witnessing a clear follow through with our Short-Sale Structure pattern. It means there’s a 90% chance of a flash dump or drop towards supports. However, crypto is a very volatile matter, and we might see an upward movement into the next week. At the moment, there’s no clear BTC/USD trade set up.

There’s the third successive buy signal

Prepare to buy BTC at $4,100

Bitcoin price chart from TradingShot

Bitcoin gives another buy signal for traders. Look at the pattern: 4H Channel Up within a 1D Ascending Triangle. The signal seems to be bullish in the Higher Low zone. Prepare to buy BTC at $4,100 higher high and sell on $4,190 when Ascending Triangle Resistance forms.

BTC is to fall to $3,300

BTC might fall to $3,300 and lower soon

Bitcoin price chart from MrRenev

Some users don’t share the optimism around Bitcoin’s future. For example, the user nicknamed MrRenev believes that BTC is to fall to around $3,300 in 7-10 days.

Here’s what he writes:

“After a dead cat bounce and the usual victims that regulators try so hard to protect - no matter how much that hurts the legit traders like me - and that lose no matter how many rules aka wheelchair training wheels are set in place to help them out, will ONCE AGAIN call the bottom, buy the dip etc - which should last let's say 3-5 days, the price will then fall more than 1/3 in a matter of days. We will then bottom at 1500-2000 we might get there fast or after a bounce a little higher and momentum slowdown follower the 33% loss in 2-3 days.”

Why should it be so? MrRenev bases his prediction on the fact that the Chinese government doesn’t like Bitcoin and might do everything to suppress it. BTC will be under risk after rejecting resistance twice and run into the next resistance which is $4,200-4,300. The user is sure that the chances of a bull run is minimal.

After breaking resistance, Bitcoin is through the uptrend. Judging by predictions from TradingView, it's more likely to rise than return to the $3,500 level or lower. Keep tabs on the new resistance level. $4,050 will be a new BTC price threshold and an entry point for traders.

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.

The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.
200 views
👓 Recommended articles
something-wide
something-wide