Bitcoin Cash halving event at block 840,000 is April 4, 2024. Currently BCH is indeed experiencing a decline if calculated from the initial increase period on March 2 where BCH reached a price increase at the level of $527.
Predicting the price of BCH after the halving period later in April can make something that is taken as a step now is a good time to buy BCH. Because if it is predicted based on the previous halving period, the price after halving BCH can reach the position of $700 to the highest estimate around $1000.
The halving period means that the reward for miners is cut, so that what was previously obtained at 6.25 will later become 3.13. And this will spur the value of BCH to be high later.
Bitcoin Cash holders, both miners and the community, can certainly be said to be long term holders. So it is likely that there will be many new rallies ahead of the halving and after the halving.
Many new value positions will be created in the market, especially the Bitcoin Cash coin. And the added trigger for the increase and future rally for BCH is the increase from the BTC market ahead of its halving this year to the period after halving in 2025. This means that if positioned in the long term position, the value of BCH can be predicted to reach more than $1500_ later in the market.
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