Annual Forecast for Bitcoin Cash (2021): BCH Will Rise With a Strong Capitalization


Major supply zones: $400, $420, $440
Major demand zones: $250, $230, $210

In 2020, Bitcoin Cash trades in a sideways move. The price movement was only in the first quarter of the year. In the remaining months, the crypto was merely consolidating above the current support. In January, BCH has an opening balance of $203 and the coin rebounded to reach a high of $405. In February and March, the coin suffered a breakdown. The coin fell to $133 low and pulled back. After the first quarter, the price action was characterized by small body candlesticks like Doji and Spinning tops. These candlesticks are indicating that buyers and sellers are undecided about the direction of the market.

BCH/USD – Monthly Chart

Bitcoin Cash (BCH) Price Prediction: Monthly Chart
From the chart, the February candlestick has a long wick while the March candlestick has a long tail. The long wick indicates that there is strong selling pressure at a higher price level. Also, the candlestick with a long tail is indicating strong buying pressure at a lower price level. Therefore, the upward move or downward move may face resistance. This is the reason for the sideways move.

BCH/USD – Weekly

Bitcoin Cash (BCH) Price Prediction: Weekly Chart
In the weekly chart, the price action is characterized by small body indecisive candlesticks. The candlesticks are describing that sellers and buyers are undecided about the direction of the market.

In 2020, the price has stabilized between $200 and $380. In the current year, the crypto has not been trending but in a sideways move, It is assumed that Bitcoin cash will close the year with a balance of $350 at the end of the year. BCH will grow gradually to around 590 by the end of 2021.

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.