Bitcoin Cash could return above the $ 2,000 threshold, all within a month.
A report of Cryptocurrencies: Past, Present and Future, analyzing the historical data of the last 14 months and crossing them with some algorithms, has given rise to very optimistic forecasts on the listing of Bitcoin Cash.
The study published some time ago, then followed the statements of many market observers that the cryptocurrency will be increasingly widespread in the future.
From the beginning of the year to today the Bitcoin Cash quotation has followed the same path as its other major colleagues. After reaching record highs at the end of December, the cryptocurrency undertook a period of slow decline that brought BCHUSD up to $ 610.
2018 has was not particularly happy for cryptocurrencies. The market has dealt with the growing concerns related to the regulation, as well as with the advertising ban of some large companies (Google, Facebook and Twitter) related to cryptocurrencies. The fears related to the explosion of the so-called bubble have certainly not helped the sector, which has finally weighed the tax season in the United States.
See also: Live Coins
According to the report mentioned, however, hard times could have come to an end for Bitcoin Cash. The aforementioned forecasts took into consideration data on prices, trading volume, market capitalization and the popularity of cryptocurrency, to try to estimate the exact performance of the digital sector.
Well, according to reports, Bitcoin Cash could even go towards $ 2,000 by the month of May, which would represent an increase of over 150 percentage points within a few weeks.
At the time of writing, the Bitcoin Cash quote is trading at about 2% off $ 765. To date, the $ 2,000 still appears quite far.