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$BCH Bitcoin Cash Price Prediction – Another 25% Drop in Sight?

 


Bitcoin Cash was one of the top performers in the penultimate bull run, which lasted until 2017. But in the last bull run, the Bitcoin Cash course was unable to form a new all-time high. The course was able to increase by around 1,000%, but this performance was rather poor compared to many other cryptocurrencies. But how could the course continue? Will the descent continue?


The bitcoin cash price has been sideways between $378 and $200 while we found the bottom after the 2018-2019 bear market. During the last bull run, we were able to serve as support at the $378 resistance. In the past 2 weeks, the price broke the $378 support and fell back into what was then sideways. As a result, we assume a further decline of around 25%. This would test and confirm the current and then $200 support.


We do not expect bitcoin cash price to break the support right after hitting $200. Instead, we expect a small move up, eventually to the $378 resistance. After that, the price might break the $200 support. The first target, which we think is the minimum the Bitcoin Cash price could reach, is $135. There lies the next horizontal support. After that, we think it could go even lower. It is not yet possible to determine the target, since the past data in the chart is not sufficient for this.

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