Here is our Bitcoin Cash price analysis for February 2023! Can the Bitcoin Cash 2023 price finally reverse the downtrend and start reclaiming old highs? Let’s find out!
BCH has been steadily declining since its peak in the first half of January. But the bears have managed to push beyond the 20-day EMA and downward sloping trend line of the Bitcoin Cash price. February is therefore looking up and might hold promise of gains for the Bitcoin Cash price. 2023 could see the altcoin move up to $515.35 if the bulls succeed in pushing the price further.
An alternative Bitcoin Cash prediction says, however, that if the price turns down from the next price target to the upside of $465, that would indicate the bears are selling on rallies. And hence, they will likely try to push BCH even further down, in which case the Bitcoin Cash price prediction won’t shy away from a drop as far down as $370 or even $353.
Watch the full video for a deeper look into the Bitcoin Cash price February 2023 forecast. And stay tuned for our next BCH price prediction to keep track of the cryptocurrency’s movement.
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