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📈 Price Predictions
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Bitcoin Cash Price Prediction: $300 in a Few Weeks? The BCH Rocket-Speed Rally Has Just Begun!

  • Vera Yurina
    📈 Price Predictions

    Bitcoin Cash price prediction for March-April: BCH price charts and technical indicators give us positive signs. BCH is to reach $170 soon and break other resistance leve

Bitcoin Cash Price Prediction: $300 in a Few Weeks? The BCH Rocket-Speed Rally Has Just Begun!
Cover image via u.today

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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Taking the lead of the race, Bitcoin Cash has outperformed other cryptocurrencies by growth rate and has recently rocketed to $157, surprising traders. Has it reached the roof? Not likely – tradingview users have a positive outlook at BCH perspectives and future price and share their opinions with us. Good news: BCH $300 value is possible again!

BCH to reach $300 in the coming weeks

BCH might reach $300 by April 10th

Bitcoin Cash price chart from BeefStew

Sounds fantastic, but we might see BCH reaching $300 in the coming weeks if BTC continues moving upward. If the channel is accurate, the previous downward trend line and the 200 EMA will intersect at $300 around April 10th. Isn’t it great?  It means investors might enjoy at least a 200% profit in a few weeks.

However, other BCH price predictions aren’t as optimistic as this one – other TradingView users are sure that BCH will face resistance soon.

$172 price before retrace

Bitcoin Cash might take a step back after reaching $172

Bitcoin Cash price chart from EuroMotif

Bitcoin Cash is still at the head of the rally, and it looks pretty strong right now, targeting the $172 level. However, according to EuroMotif, as soon as it reaches the $172 threshold, it will take a path of retracement. Yesterday, we could see Bitcoin Cash hitting resistance at 5.618, but it was able to surpass it.

Let’s hope it will be able to move forward after hitting $172, as well.

Uptrend to $170 is likely to continue

Uptrend to $170 is very likely to go on

Bitcoin Cash price chart from Goldgram

According to Goldgram, Bitcoin Cash’s StochRSI is moving close to the center. Thus, If the BCH/USD pair goes beyond the range, then a new trend will be created and the price could rally all the way up to $156 to $160.

Since the price has broken through the $140 range, the uptrend can extend to $170.

But what if BCH take a nosedive after its splendid soaring? Traders can uphold the stops on the long positions at $114. If the bears go under the pair below $120, it can decline to $104.

Goldgram points some resistance and support lines for the short term:

Resistance 3: $132.4006

Resistance 2: $130.4683

Resistance 1: $128.9942

Support 1: $125.5877

Support 2: $123.6554

Support 3: $122.1813

Expect a minor BCH plunge before recovery

BCH might fall for a week to give us a chance to enter the market

Bitcoin Cash price chart from ArminZed

Take a look at the Bitcoin Cash price graph from ArminZed: he predicts that BCH will soon retrace to its previous $136 position (it will happen by March 25th), but it won’t last long. By the beginning of April, it’s expected to get back to $150 and higher. Might be a great opportunity to enter the market and make a profitable investment.

Bitcoin Cash has made a great present for investors managing to break the channel. But what’s next? Should we target the $170 zone? Definitely, yes. Even if that doesn’t happen in the nearest weeks, a BCH retracement might become a great opportunity for investors.

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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About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

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📰 News
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Crypto Exchange Huobi Completes $40 Mln Token Burn for Q3

  • Alex Dovbnya
    📰 News

    Cryptocurrency exchange Huobi announces the results of its quarterly burn

Crypto Exchange Huobi Completes $40 Mln Token Burn for Q3
Cover image via www.123rf.com

According to a press release obtained by U.Today, Singapore-based exchange Huobi continues to reduce the supply of its native Huobi Token. In Q3, it burned $40.63 mln worth of HT, which represents a 70.6 percent increase compared to the previous year. 

Huobi purchases back outstanding tokens from investors in order to reduce the circulating supply of HT and stabilize its price. It is worth noting that the amount of tokens it burns every quarter depends on particular market conditions.   

The company cites the success of its spot trading and derivatives trading markets as the main reason for another token burn. 

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Huobi Token is the second-largest exchange coin token after Binance Coin (BNB). At press time, the coin's price is sitting at $3.46 with its market cap exceeding $810 mln, according to CoinStatsData.    

Huobi Global CEO Livio Weng claims that the cryptocurrency plays "a core role" in the Huobi ecosystem.  

"Huobi Token plays a core role in the Huobi ecosystem. The continued growth from Huobi’s token burns reflects the community’s active participation and optimistic outlook for our efforts to provide users with new services, lower fees, and a secure platform to trade on."

One of the oldest crypto trading platforms has already burned 13.8 percent of its native coin's circulating supply, which is currently sitting at 234,205,522.92 HT. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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