The price of Bitcoin Cash (BCH) is showing signs of a potential breakout after gaining 18.54% in the last 24 hours. Crypto analysts are optimistic about this $7.5 billion altcoin, with some predicting it could reach as high as $4,100 within the next one to three months.
This represents a potential gain of approximately 1,013% from its current price of $368.33.
Bitcoin Cash Price Chart Mirrors 2017
Crypto analyst “salx” has highlighted Bitcoin Cash (BCH), saying it might be on the brink of a significant price increase.
He compares the current chart setup to BCH’s explosive growth in late 2017, when the price increased from $312 on October 9 to $4,100 on December 18—a 1,200% increase over two months. The analyst believes the same price explosion can happen within 30 to 90 days.
A key aspect of his analysis is the ‘cup and handle’ pattern, a widely recognized bullish technical formation. The breakout level for this pattern sits at $4,100, the same level the BCH price reached at its 2017 peak.
If this formation plays out, the Bitcoin Cash price could see an explosive rally, potentially pushing it toward similar or even higher price levels. The accompanying chart reinforces this setup, showing BCH consolidating within a bullish structure.
BCH Poised to Rally 77.56% in the Near Term
Crypto analyst World Of Charts also shared similar, slightly less optimistic, sentiments. He maintained that the BCH coin would follow a bullish pattern after breaking key resistance levels, leading to explosive rallies.
The chart shared in the tweet shows that Bitcoin Cash was moving in a descending channel. Previous breakouts from such patterns have seen serious price rallies, with the recent rally pushing BCH by 94.55%. This time, the estimate suggests a potential movement of approximately 77.56%, pushing BCH to $625 if the trendline resistance is crushed.
As Bitcoin is predicted to rise as high as $200,000 before the end of 2025, other coins like Bitcoin Cash (BCH) could benefit from renewed investor interest. If past patterns hold true, BCH may be on track for one of its biggest price increases in years.
However, the crypto market in 2025 could be very different from past years. We might see more regulations, more big investors, and more influence from the overall economy.
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