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The post <a href="https://coinpedia.org/price-analysis/bch-price-analysis-will-bitcoin-cash-hit-1000-this-week/">BCH Price Analysis: Will Bitcoin Cash Hit $1000 This Week?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Despite a 2% drop in <a href="https://markets.coinpedia.org/bitcoin/">Bitcoin</a> marking a bearish start to this week, the close cousin Bitcoin Cash shows a terrific trend in motion. With a dominant bull run in motion, the weekly chart of <a href="https://markets.coinpedia.org/bitcoin-cash/">BCH price</a> reflects a spectacular trend reversal.&nbsp; 
As the anticipations of a boost in Bitcoin prices skyrocket amidst the <a href="https://coinpedia.org/beginners-guide/what-is-bitcoin-halving/">Bitcoin Halving</a> craze, Bitcoin Cash capitalizes on this demand. As a comparatively cheaper alternative, known for massive moves due to its lower market cap, the altcoin could hit $1000. Therefore, the <a href="https://coinpedia.org/price-prediction/bch-bitcoin-cash-price-prediction/">BCH price prediction</a> suggests a bull run in April 2024.&nbsp; 
<h2 class="wp-block-heading" id="bitcoin-cash-price-performance">Bitcoin Cash Price Performance</h2> 
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 <img decoding="async" width="1024" height="509" src="https://image.coinpedia.org/wp-content/uploads/2024/04/01122834/image-1024x509.png" alt="" class="wp-image-285428" srcset="https://image.coinpedia.org/wp-content/uploads/2024/04/01122834/image-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/04/01122834/image-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/04/01122834/image-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/04/01122834/image-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/04/01122834/image-150x75.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/04/01122834/image.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<a href="https://www.tradingview.com/x/ULr3YXR6/">Tradingview</a> 
The Bitcoin Cash market cap tops $13.40 Billion and shows a 68% return in the last 30 days, per Coingecko. Further, with a long-term consolidation in the weekly chart, the BCH price trend is heading closer to the $700 mark.&nbsp; 
The range breakout marks a bullish flag pattern breakout rally in Bitcoin Cash, leading to massive engulfing candles. Within just two bullish weeks, the close cousin of Bitcoin surpasses the 23.60% and 38.20% Fibonacci levels.&nbsp; 
The uptrend is heading to challenge the 50% Fib level at $762 and is highly likely to cross $700. Currently, the BCH price trades at $678 and shows an indecisive Monday with a Doji formation.&nbsp; 
Technical indicators: 
Bollinger Bands: With the uptrend gaining momentum, the altcoin stretched the upper Bollinger band. Thus, the buyers assert dominance over the weekly trend.&nbsp; 
Also Check Out The : <a href="https://coinpedia.org/price-analysis/bitcoin-sv-price-prediction-will-bsv-price-hit-150-in-april/">Bitcoin SV Price Prediction: Will BSV Price Hit $150 In April?</a> 
<h2 class="wp-block-heading" id="h-will-the-bch-price-halt-before-1-000">Will The BCH Price Halt Before $1,000?</h2> 
Amidst the growing sentiments of a bull run, the BCH price is reflecting a high potential to capitalize on the momentum to its fullest. If the BCH price jumps beyond the $762 mark per Fibonacci level, the next resistance level will be at $920. However, a sentiments-fueled rally can propel the value higher to the $1,000 psychological mark.&nbsp;

BCH Price Analysis: Will Bitcoin Cash Hit $1000 This Week?

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