Bitcoin Cash is Predicted to Drop to $89.82 By Dec 10, 2022

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • Bitcoin Cash is up 4.51% today against the US Dollar
  • BCH/BTC increased by 2.88% today
  • Bitcoin Cash is currently trading 28.38% above our prediction on Dec 10, 2022
  • Bitcoin Cash dropped -6.77% in the last month and is down -74.99% since 1 year ago
Bitcoin Cash price $ 115.31
Bitcoin Cash prediction $ 89.82 (-22.11%)
Sentiment Neutral
Fear & Greed index 26 (Fear)
Key support levels $ 110.01, $ 108.80, $ 107.96
Key resistance levels $ 112.05, $ 112.88, $ 114.10

BCH price is expected to drop by -22.11% in the next 5 days according to our Bitcoin Cash price prediction

is trading at $ 115.31 after gaining 4.51% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 4.14% in the same time period. BCH performed well against BTC today and recorded a 2.88% gain against the world’s largest cryptocurrency.

According to our Bitcoin Cash price prediction, BCH is expected to reach a price of $ 89.82 by Dec 10, 2022. This would represent a -22.11% price decrease for BCH in the next 5 days.

BCH Price Prediction Chart

Buy/Sell Bitcoin Cash

What has been going on with Bitcoin Cash in the last 30 days

Bitcoin Cash has been displaying a negative trend recently, as the coin lost -6.77% in the last 30-days. The medium-term trend for Bitcoin Cash has been bearish, with BCH dropping by -7.32% in the last 3 months. The long-term picture for Bitcoin Cash has been negative, as BCH is currently displaying a -74.99% 1-year price change. On this day last year, BCH was trading at $ 461.06.

Bitcoin Cash reached its all-time high price on Dec 20, 2017, when the price of BCH peaked at $ 4,358.92. The current BCH cycle high is $ 1,622.04, while the cycle low is at $ 77.24. BCH has been displaying low volatility recently – the 1-month volatility of the coin is at 5.97. Bitcoin Cash recorded 15 green days in the last 30 days.

Bitcoin Cash technical analysis for today – Dec 05, 2022

The sentiment in the Bitcoin Cash markets is currently Neutral, and the Fear & Greed index is reading Fear. The most important support levels to watch are $ 110.01, $ 108.80 and $ 107.96, while $ 112.05, $ 112.88 and $ 114.10 are the key resistance levels.

Neutral sentiment for Bitcoin Cash

16 indicators are currently signaling a bullish prediction for Bitcoin Cash, while 12 indicators are showing a bearish forecast. With 57% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Bitcoin Cash.

Crypto market is currently experiencing Fear

Currently, the Fear & Greed index is at 26 (Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Bitcoin Cash moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Bitcoin Cash is positioned in the market right now.

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential
MA3 $ 110.95 (BUY) $ 111.22 (BUY)
MA5 $ 111.30 (BUY) $ 110.94 (BUY)
MA10 $ 111.50 (BUY) $ 110.99 (BUY)
MA21 $ 108.91 (BUY) $ 110.17 (BUY) $ 118.28 (SELL) $ 125.74 (SELL)
MA50 $ 109.91 (BUY) $ 110.74 (BUY) $ 210.67 (SELL) $ 209.63 (SELL)
MA100 $ 113.63 (BUY) $ 117.21 (SELL) $ 412.91 (SELL) $ 300.20 (SELL)
MA200 $ 125.69 (SELL) $ 151.81 (SELL) $ 343.42 (SELL) $ 376.28 (SELL)
Period Value Action
RSI (14) 52.16 NEUTRAL
Stoch RSI (14) 49.49 NEUTRAL
Stochastic Fast (14) 58.89 NEUTRAL
Commodity Channel Index (20) 66.67 NEUTRAL
Average Directional Index (14) 12.89 NEUTRAL
Awesome Oscillator (5, 34) 1.78 NEUTRAL
Momentum (10) -4.57 NEUTRAL
MACD (12, 26) 0.25 NEUTRAL
Williams Percent Range (14) -41.11 NEUTRAL
Ultimate Oscillator (7, 14, 28) 54.29 NEUTRAL
VWMA (10) 111.61 SELL
Hull Moving Average (9) 110.74 BUY
Ichimoku Cloud B/L (9, 26, 52, 26) 103.09 NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Bitcoin Cash is at 52.16, suggesting that BCH is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Bitcoin Cash over the last 50 days. Currently, Bitcoin Cash is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the BCH closing price for the last 200 days. BCH is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Bitcoin Cash prediction

After considering the above factors, we can conclude that the current forecast for Bitcoin Cash price prediction is Neutral. BCH would have to decrease by -22.11% to hit our $ 89.82 target within the next five days. Moving forward, it will be important to monitor the BCH market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Bitcoin Cash price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

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