Home Business Bitcoin Cash (BCH) could fall even lower, but then rise by 180%

Bitcoin Cash (BCH) could fall even lower, but then rise by 180%

Chainlink (LINK) closely followed the predicted increase, what next?

The subject of our current analysis is Bitcoin Cash (BCH), a fork of Bitcoin that focuses on faster transactions and lower transaction fees.

We examine the BCH price prediction with insights from our Discord community, where regular updates and live streams are shared.

Technical analysis Bitcoin Cash (BCH)

Bitcoin Cash has also fallen sharply recently and our analysts believe that this decline is not over yet. They recently shared the following in the Discord section:

“We maintain our short-term bearish outlook for BCH. We have seen a completed first wave and now appear to be in a bearish second wave.

We expect the price to ultimately settle in the zone between 100% and 123.6% Fibonacci levels, which corresponds to a price between $233 and $297. From this zone we expect a trend reversal.

We still see a lot of potential in the longer term. If we can create a solid base within this blue zone, we expect a significant increase that could even reach $750, meaning a possible increase of around 180%.

So while caution is warranted in the short term, we remain optimistic about the long-term outlook.”

Date of analysis: April 21st. Link to trading view:

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Do you need help?

Check out our Discord community for our extensive trading plan with the latest updates. Here you enter a safe place where traders of all levels share their knowledge. Ask your questions to experienced analysts and top traders about trading, market trends and crypto topics in a lively community. We also organize weekly live streams and webinars for traders who want to delve deeper into technical analysis.

Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences. These therefore serve exclusively educational purposes.

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