Bitcoin Cash Price Analysis January 2023 | Can BCH Follow Bitcoin Up?

In today’s Bitcoin Cash price analysis, we’ll cover where the cryptocurrency will likely be headed throughout 2023. Stay tuned for our short and long-term Bitcoin Cash prediction!

Currently BCH is on its way up after testing the round bottom support for the third time over the past month. And as it nears the local top, the BCH price prediction suggests it will try to overcome it yet again soon, after two unsuccessful attempts in December.

And seeing as how the altcoin rose $100 in only four days, the Bitcoin Cash price 2023 outlook does appear to be bullish. However, the surge of Bitcoin might put the brakes on BCH, as some altcoins’ value is actually reduced as a result of it. Hence, in terms of a longer term BCH forecast, 2023 might not be all that straightforward.

Looking at the near-term prospects for Bitcoin Cash, 2023 is off to a good start and for now the focus of traders should be on overcoming the local top range of $373-$383. And for this month at least, the Bitcoin Cash price prediction entails pretty good chances of scalping.

Watch the full video for a deeper look into the Bitcoin Cash forecast 2023. And stay tuned for our next BCH price prediction to keep track of the cryptocurrency’s movement.

Give us a thumbs up if you liked our Bitcoin Cash price prediction 2023, and leave us a comment down below with your thoughts on our BCH forecast. Be sure to subscribe to the Currency.com official channel for our next Bitcoin Cash forecast and other exciting cryptocurrency content!

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Bitcoin Cash Price Analysis January 2023 | Can BCH Follow Bitcoin Up?

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Kane Dane