Crypto Price Prediction: Will BCH Reach $200 in 2023?

What is Bitcoin Cash (BCH)?

• Bitcoin Cash is a peer-to-peer electronic money system that aims to become a trusted global currency with fast payments, micro-commissions, privacy, and high transaction capacity.
• Just as physical money, such as dollar bills, is transferred directly to the recipient, Bitcoin Cash payments are sent directly from person to person.
• Bitcoin Cash (BCH) is a form of cryptocurrency very similar to Bitcoin. In fact, Bitcoin Cash is a fork of Bitcoin due to the split of the chain where a certain group of Bitcoin developers is not satisfied with the general direction of Bitcoin’s scalability.

Bitcoin Cash (BCH) Current Market Status

• The current price of BCH is $120.66
• The 24-hour trading volume for BCH was $265,349,243
• The 24-hour price change for BCH was 6.59% up
• The circulating supply for BCH was 19,386,306.25
• BCH’s all time high was recorded at $4355.62 on December 20th 2017.

Bitcoin Cash (BCH) Price Prediction 2023

• Analyzing the price patterns for BCH using trader friendly technical analysis indicators predict future movements in its cryptocurrency value.

Potential Bullish Scenario

• If the pattern trend continues then it’s possible that BCH could reach resistance levels of $119.5 ,$148.6 and $229.2 respectively if it reaches these marks then it’s highly likely that its value could push past $200 by 2023 end .

Potential Bearish Scenario

• If the trend reverses then there is potential for the price of BCH to drop down to around $87 by 2023 end .