What is the probability of reaching the level of 1600 US dollars?

[Mazda3]

Analysis of the price of Bitcoin Cash: what is the probability of reaching the level of 1600 US dollars?
Over the past 24 hours Bitcoin Cash (BCH) has grown by 18%. This is the best indicator among the top 50 crypto currency. At the moment, Bitcoin Cash (BCH) is trading at $ 525.

The main reason for the growth of many analysts is the entry to the stock exchange (IPO) of the Chinese mining of the giant Bitmain, which from the very beginning supported the idea of creating Bitcoin Cash (BCH) and actively promotes this crypto currency.

In fact, BCH grew by 100 dollars in just a couple of hours. This indicates a serious potential. To evaluate it in the long run, let's look at the weekly chart.

If Bitcoin Cash (BCH) succeeds in maintaining the current dynamics, it is very likely that a week-long MACD will draw a cross, and if an alternative version of bitcoin manages to break through the level of 650-700 and gain a foothold there, then you can expect to reach the level of $ 1600.
A source:https://dailyhodl.com/2018/09/26/price-analysis-bitcoin-cash-bch-making-big-moves/

[williamshennie9]

Would you reckon that this is a good time to invest in BCH? Or could it swing either way?

[gandza750]

Это наверное из-за того что биткоина мало, из-за того что у многих лежат на кошельках,и много кто не помнит пароль

 

[irawk0]

The crypto crazy of 2017 has already passed, with the result of a few people becoming insanely rich seemingly overnight, but the vast majority of people losing a ton of money which will almost certainly be noticed more. I don't think people will be as eager to invest in crypto now due to the volatility, which means crypto will most likely not skyrocket as hard. 

In conclusion, no, I don't BCH will go that high, maybe a couple crazy rises here and there due to news but immediately stabilize afterwards.

[skywallkee]

If BTC will hit 10k, BCH will hit 1.6k too The thing is that altcoins seem too dependent on BTC, so if we won't see an increase here, there won't really be a big increase there.

[wry]

There is no way to know of course.  While I realize there really isn't much else, I am not a fan of technical analysis.  There is a technical analysis column every day on coindesk and it is almost always off in it's conclusions.  Predicting bitcoin's price is like predicting a coin flipping contest, except no one confuses predicting a coin flipping contest with skill.

If Bitcoin cash sees more adoption and a better use case then its value will increase.  The more people lose confidence in crypto, the more it will drift down.

[Mlc]

I have absolutely no doubt that bitcoin will reach new heights by the end of the year and right behind it will be bitcoin cash , probably higher thank $1600 I love love love bch too 

I’ve always thought bch is the dark horse in crypto currencies always in the shadows of bitcoin but will shock you before you realise , 

iv invested in bch I believe it will pay off , in the long term 

[skywallkee]

7 hours ago, Mlc said:

I have absolutely no doubt that bitcoin will reach new heights by the end of the year and right behind it will be bitcoin cash , probably higher thank $1600 I love love love bch too 

I’ve always thought bch is the dark horse in crypto currencies always in the shadows of bitcoin but will shock you before you realise , 

iv invested in bch I believe it will pay off , in the long term 

I'm not sure if BTC and BCH will have a really big rise but for sure there will be either a big increase, either a big decrease. It will be a Christmas surprise