Can Bitcoin Cash Compete With Bitcoin in 2021? (BCH Price Prediction)

Contents

Bitcoin Cash May Reach $ 260 Soon
CONTENT

  • VSN may strengthen in price in the near future

  • Experts assure that the crypto coin has every chance to rise to the highs

  • Despite criticism from experts, BCH is consistently among the top 10 cryptocurrencies

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After the April halving, Bitcoin Cash (BCH) remained highly volatile, and the price of the coin fluctuated depending on the behavior of the main cryptocurrency BTC. But it looks like BCH has received the necessary support at the moment and is preparing to rise above $ 260.

Does VSN have a future?

 

Two months have passed since the third halving of Bitcoin Cash, and the coin still has not shown a bullish breakout, preferring to repeat the dynamics of its main brother – Bitcoin. During this time, the coin rose several times to the maximum levels and rolled back. But it looks like now there are bright times for VSN. Experts predict the next growth of cryptocurrency to a maximum of $ 260.

Today, the coin is trading in a range above the $ 250 support level and is already targeting a new all-time high of $ 260 apiece. If the VSN overcomes this milestone in the near future, the coin will begin to strengthen rapidly and head towards the $ 270 mark.

However, experts say that at this moment a rollback to the $ 230 mark may occur..

Bitcoin Cash could reach ...

After a strong rise above $ 250, the BCH price found sellers’ support around the $ 268 level. BCH price formed a new monthly high around $ 268 and recently started a downward correction.

There was a break below the $ 265 support zone and the price dipped below $ 250. The low is forming around the $ 246 level. The last swing high was around $ 263 and the recent low was around $ 246..

Bitcoin Cash could reach ...

BCH is currently trading in a range similar to Bitcoin above the $ 250 support zone.

Bitcoin Cash could reach ...

He tested the 50% Fibonacci retracement level of the recent decline from a $ 263 high to a $ 246 low. More importantly, a key contracting triangle is forming with resistance around $ 255 on the 4 hours chart of the BCH / USD pair. Triangle resistance close to 61.8% Fibonacci retracement level of recent decline from $ 263 high to $ 246 low.

Thus, a breakout of the top of the triangle resistance level and the $ 260 level could open doors for new growth..

 

Experts advise not to give up on BCH

 

Despite the fact that the coin did not meet the expectations of its holders and did not rise in value after the halving, crypto experts believe that it is too early to give up on the BCH. BeInCrypto previously reported that Bitcoin Cash supporter and former Bitcoin.com CEO Roger Ver hinted at possible controversy surrounding BCH block size limitation in the future..

Bitcoin Cash (BCH) and Bitcoin SV (BSV) are perhaps the two most controversial bitcoin forks. Despite the fact that the coins have received a flurry of criticism from the very beginning of their existence, both have firmly established themselves in the top ten cryptocurrencies according to CoinMarketCap..

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