Press Release View Non-AMP

Bitcoin Cash (BCH) Price Stagnates At $250, Key Levels To Watch

Published by
PR Manager

It’s been an interesting year for the price of Bitcoin Cash, which rose sharply in June but has since failed to rally with the overall market rising. Let’s dive into the reasons behind this, check price predictions, and some important price levels to look out for. We’ll also share our research about a coin that is predicted to rise much higher than Bitcoin Cash.

Why did Bitcoin Cash pump in June 2023?

BCH went up from $101 to a high of $225 at the end of June and $303 at the beginning of July. The reason for this sudden gain was connected with all the FUD created by the SEC after Gary Gensler declared that a huge list of cryptos were securities. 

Bitcoin cash, however, got listed on the EDX exchange, signaling that it was not a security, and this caused the pump.

But after Ripple won its court case in a historic victory against the rarely defeated SEC, the price of Bitcoin Cash dropped again. Why? Because the whole reason behind the pump, (its lack of security status), was no longer relevant since XRP and other currencies were now once again not considered securities.

BCH Price Predictions and levels to watch

Unlike other currencies, Bitcoin Cash has failed to see much in the way of positive price action since Bitcoin surpassed the $35,000 mark. That said, it is up from its August low of $186, to a current price of $234, having rejected the $250 price point.

If Bitcoin Cash can surpass this resistance level then this will be a bullish sign for the coin. Analysts and BCH maxis maintain that there has been a consolidation period and also whales taking profit, and believe that Bitcoin Cash will rise from here.

Of all the technical and algorithmic prediction sites, PricePrediction.net has shown itself to be the most accurate, with BCH price predictions ranging from $250.59 to $269.77 in 2023. So once again we see that $250 is a key level, and from there $260.12. If it can hit those targets then the site is bullish about 2024, predicting a range between $367.52 to $433.96.

Where to find bigger gains than Bitcoin Cash

If all of this is leaving you uninspired, or you want to diversify your portfolio, then this next coin will be of interest – MGLS. This coin has just entered the first phase of its presale at $0.0019 and is predicted to rise by 100x or more by the end of the year.

MGLS is the token behind Meme Moguls, a project that plans to bring a stock exchange to the world of memes. As a utility-backed token, MGLS looks promising, as the Meme Moguls platform will also provide games and a community space for people to have fun and improve their trading skills. 

There will be numerous ways to earn in the ecosystem, from participating in the community and receiving tokens, trading meme-based assets, collecting meme NFTs and staking rewards. 

And before any of that happens, the thing to take part in is the presale itself, since the token is guaranteed to rise as each stage of the presale proceeds. If you missed out on the gains from PEPE and GROK, Meme Moguls gives you a chance to earn big and learn where to find future promising memecoins, before other people find out. Plus, the team is giving away $10,000 at the end of each presale stage to one lucky investor. 

Visit Meme Moguls

PR Manager

Press release about recent ICOs, announcement from startups, new cryptocurrency launch by firms and unlike.

Recent Posts

Where to Buy Influencer Pepe Before It Hits Major Exchanges!

A new meme coin that is gaining significant attention in the cryptocurrency market is Influencer…

March 31, 2025

Bitcoin (BTC) Drops Toward Range Lows While Whales Accumulate a New Token Priced at $0.025

While Bitcoin hovers near its recent range lows, a quiet shift is taking place in…

March 31, 2025

Dogecoin is Facing Rising Bearish Threat as It Drops Toward $0.16: Will Buyers Bounce Back?

Dogecoin has experienced a significant decline in the past few hours, facing a sharp selloff…

March 31, 2025

ICB Labs Expands Global Presence with Strategic Partnerships, Staking Opportunities, and Upcoming DEX Launch

ICB Labs continues its global expansion, strengthening its blockchain ecosystem through strategic collaborations, enhanced staking…

March 31, 2025

Best Crypto to Invest in if You Want Become A Crypto Whale: Top 3 Crypto Investments of 2025

Are you a crypto newbie who wants to become a crypto whale? If so, you've…

March 31, 2025

Remittix Raises Over $14 Million in Record Time as Presale Is Predicted to Be the Best of 2025

The crypto landscape has been stunned by the rapid success of Remittix which obtained over…

March 31, 2025