BCH (Bitcoin Cash) forecast for 2024 year

Welcome to the crypto site. My name is Victor, and today: BCH (Bitcoin Cash) forecast for 2024 year. Join the discussion on the topic – CryptoViktor

BCH (Bitcoin Cash) forecast

Fundamental analysis and news of BCH (Bitcoin Cash)
Greetings. My name is Victor, and today I will analyse the cryptocurrency BCH (Bitcoin Cash). Bitcoin Cash is a popular fork of Bitcoin that was created in 2017 to address the scalability and transaction costs of the Bitcoin network. Thanks to this fork, Bitcoin Cash offers users faster and cheaper transactions.

Bitcoin Cash is one of the largest cryptocurrencies by capitalisation and is ranked 15th on CoinMarketCap with a market capitalisation of over $10 billion. The project’s official website provides detailed information about its functionality and benefits. The site offers an explanation of how Bitcoin Cash works and why it is more efficient than the original Bitcoin. The latest news includes the achievement of new record prices, the launch of new companies, and interviews with the project’s leaders.

Technical analytics of BCH (Bitcoin Cash)

Monthly Timeframe
On the monthly chart, we can see that BCH has gone through several phases of growth and decline since its inception in 2017. After reaching its highs in 2021, the rate declined and is now in the middle zone of Fibonacci levels. This could indicate potential growth if it returns to previous highs. The third month of this year showed a powerful green candlestick, which could signal the start of a new uptrend.

BCH (Bitcoin Cash) forecast for 2024 year

Weekly timeframe
On the weekly chart, we can see that the BCH price has been fluctuating in a certain range since 2022. The current accumulation phase could lead to a rise to $900-1000 this winter. This structure is reminiscent of previous growth cycles, and many traders expect this scenario to repeat itself.

Daily Timeframe
On the daily chart, indicators such as stochastic and MACD show that the rate is currently in a buying phase. The current price of around $500 could be an attractive entry point with the potential to rise to $1,000. However, investors should be cautious and wait for better entry points in case of short-term declines.

Bitcoin forecast, BTC (Bitcoin)

As for bitcoin, we see stability with the possibility of further growth. On the daily chart, the rate is fluctuating between $65,000 and $71,000. If the rate is able to gain a foothold above $71,000, we may see further growth to new highs. The overall trend remains positive, and bitcoin continues to be the main indicator for the entire crypto market.

BCH (Bitcoin Cash) forecast for 2024 year

On the weekly chart, bitcoin continues to move in a corridor between $65,000 and $71,000. This corridor is important for determining the further course of the rate. If bitcoin can overcome the $71,000 level, it will create favourable conditions for further growth to new highs.

Bitcoin Cash (BCH)

Bitcoin Cash (BCH) is a promising project with great potential due to its technical advantages and broad community support. Fundamental analysis shows that the project has an active community and stable development. Technical analytics indicate that the price could rise significantly in the short term, although short-term fluctuations are possible. Investors should pay attention to key support and resistance levels and use pullback buying strategies.

As for bitcoin, the current situation looks stable with room for further growth. If the rate can overcome the $71,000 level, we can expect new highs. Thank you for your attention! If you enjoyed this video, please like, share with your friends, and subscribe to my CryptoViktor channel for the latest cryptocurrency forecasts and analysis in Ukrainian. Write your thoughts in the comments section to help other viewers make informed investment decisions. See you soon!
*** Translated with www.DeepL.com/Translator (free version) ***

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