Bitcoin price made headlines earlier today, December 26th, about reaching a brand new milestone — a record price of $25,000. Meanwhile, Bitcoin Cash is not performing nearly as well. In fact, the coin is still way below its YTD high of $486.

Now the third worst-performing major cryptoasset, bitcoin cash (BCH), in 2030, will be worth almost 229 times its current price, according to Roger Ver, tech entrepreneur and investor and Bitcoin Cash evangelist, who said is also bullish on ethereum (ETH).

The Bitcoin Cash price prediction by Zach Balestra from Trading View shows that the cryptocurrency has moved above a long triangle pattern. The breakout is expected to allow the BCHUSD pair to higher resistances, out of which the $480 is up next.

Currently, Bitcoin Cash’s price is up $0.48 (0.14%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

BCH had a significant rally in the past week, outperforming several coins. The digital asset now seems poised for a pullback which should be considered healthy, but imminent. Various indicators suggest it will happen soon.

Following the recent breakdown, BCH/USD has recovered but it is finding penetration difficult at the $320 resistance. On the BCH/BTC chart, the crypto has made some recoveries but the bears are threatening to push the coin downward.

Currently, Bitcoin Cash’s price is up $1.71 (0.36%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Bitcoin Cash has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Due to incessant community infighting, Bitcoin Cash has been slowly falling out of favour with even Litecoin surpassing it in terms of market cap recently. Despite all of that, its core believers never stopped developing on it, and even today there is arguably no other cryptocurrency that sports its combination of low fees, fast transaction speeds, user experience and network effect.

Based on recent charts, the digital asset’s price might continue to drop. The currency will face resistance around $600, $650, and $700. Fortunately, BCH support levels hold at $350, $300, and $250, which will prevent further drop down the line. Since it hit an all-new high days ago, the crypto lacked strong support to stabilize the position and continues to trails downward even with the new price.

On December 17, the internet entrepreneur and political activist Kim Dotcom spoke about bitcoin being a “great asset for storage,” and then further stressed that bitcoin cash was “great for payments.” Dotcom said he expects bitcoin cash to jump in value by 900% next year and reach a $3k per unit handle.

At the moment, Bitcoin Cash’s price is down $-0.57 (-0.12%) from the hour prior. Bitcoin Cash has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

The anonymous Bitcoin Cash proponent called, ‘Bitcoin Man,’ has made the news once again, this time in Fresno California. Bitcoin Man was featured on a local Fox News report on December 11 for creating a “modern-day scavenger hunt” with bitcoin cash-loaded stickers hidden throughout the state.

Bitcoin cash price failed to clear the $245 resistance and declined steadily against the US Dollar.

At the moment, BCH’s price is up $2.55 (0.45%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on BCH. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Bitcoin Cash had initiated the current bull run on December 27, 2020, when the coin broke the resistance of $315.68 which made the coin trade below it, since March 12, 2020. The coin has so far given an upside of 140% and is not showing any weakness yet. If the coin continues, the coin can test the upcoming resistance of $640-$650 and $695-$700.The 24 hour volume and market cap of the coin are $18,062,558,070 and $$11,189,414,455.

Bitcoin cash price is trading on the bullish note with the rising support line and now placed near the crucial resistance zone of $480 to $520

Currently, Bitcoin Cash’s price is up $0.78 (0.28%) from the hour prior. Bitcoin Cash has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on Bitcoin Cash. Given that we see an uptrend on the 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. With that said, traders should also note the downtrend on the 20 hourly candle timeframe, so the meaning of the candles may require further exploration. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Bitcoin Cash is still engulfed in selling pressure despite the recently established support at $260. All recovery attempts have been in vain. BCH has been forced to seek a lower anchor before recovery comes into the picture. Besides, a bearish pattern on the 4-hour chart points towards a possible breakdown under $200.

As Bitcoin Cash goes through another fork, Bitcoin Cash Node seems to be the emergent winner for now.

Bitcoin Cash slips below 5th position as Litecoin takes over with a gaining momentum and the latter trading above $80 and $85. While the former reclaims its trading above $300 after trading below $300 in the previous quarter. It was also just in the last week when BCH/USD spurred as high as $373 but faced a stringent resistance to spike any higher and failed to reclaim YTD high. During the same duration, Bitcoin was seen rising as high as $19.5k and was just $500 away from retrieving its ATH and above.