Here is our updated Bitcoin Cash price analysis for January 2023! Unlike some of the other altcoins that have rallied recently, the Bitcoin Cash price has been experiencing pressure. Overall it hasn’t been that great a start to the new year for the Bitcoin Cash price. 2023 has, in fact, seen it drop a whopping 30% so far.
Nevertheless, the Bitcoin cash price January chart is showing a broader uptrend. And as long as the price can stay above the current trendline, the Bitcoin Cash prediction entails a continuation of the uptrend.
Furthermore, hopes surrounding the near $2 trillion stimulus package are also supportive of a more positive Bitcoin Cash price prediction for the weeks and months ahead. The assumption is that some of the money received from the stimulus will be invested in cryptocurrencies and particularly in Bitcoin Cash. 2023 may, therefore, see a surge in the BCH charge as soon as the package is released.
Watch the full video for a deeper look into the Bitcoin Cash price January 2023 forecast. And stay tuned for our next BCH price prediction to keep track of the cryptocurrency’s movement.
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