UPDATED Bitcoin Cash Price Analysis May 2023 | BCH with More Upside?

Here is our updated Bitcoin Cash price analysis for May 2023! Bitcoin Cash’s candlewicks on May 10 suggested a great degree of indecision in the market. While one end on the candlewick touched a high of $1,570, the other end dropped as low as $1,200. Such disparity suggested that BCH was being pulled in either direction by the sellers and buyers.

With a broader market pullback currently in effect, it was likely that the sellers came out on top. The 4-hour timeframe showed that BCH found respite at the 50-SMA but a breakdown over the coming sessions could trigger a sharp sell-off towards $944.

MACD line lost distance on the signal line and highlighted bearish market momentum. RSI maintained a bullish territory, but a dip below 50 could be expected.

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

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UPDATED Bitcoin Cash Price Analysis May 2023 | BCH with More Upside?

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Kane Dane