- Bitcoin Cash price fell below $550 as Bitcoin experienced a sharp decline, slipping under $87,000.
- The altcoin’s value could drop below $500 if BTC falls further.
- Macroeconomic headwinds continue to impede bullish momentum.
Bitcoin Cash (BCH) traded near the pivotal support level of $560 amid broader market uncertainty, with Bitcoin’s drop below $87,000 unnerving cryptocurrency investors.
As the crypto landscape remains volatile, BCH bulls appear to be under increasing pressure.
The altcoin was trading at $546 at the time of writing, down about 4% over the past 24 hours.
Bitcoin Cash slides 4% as Bitcoin tumbles below $87,000
Bitcoin Cash declined roughly 4% as a turbulent December continued to trouble bullish traders.
Within a generally weak market, BCH fell under $550, signaling further strain for the asset.
After earlier reaching highs near $600, the altcoin’s gains diminished as selling pressure rose in tandem with Bitcoin’s difficulties.
On December 14, Bitcoin Cash dipped to $556. Bears tested the $550 level afterward, and prices have since moved toward $540.
The downturn mirrors Bitcoin’s sharp decline, which moved from above $90,000 in early trading on Monday to about $86,700 at the time of writing.
Ethereum’s price also dropped toward the $3,000 support level as BitMine announced another ETH purchase, reflecting weakness across major cryptocurrencies.
Why are cryptocurrencies down today?
Market participants attribute the pullback to macroeconomic headwinds, including persistent inflation concerns.
Last week, crypto failed to gain meaningful traction even after the US Federal Reserve signaled a rate cut, leaving traders cautious.
Now, Bitcoin’s steep decline coincides with the Bank of Japan’s impending rate hike.
Historically, Bitcoin has weakened around BOJ rate increases, and analysts view the upcoming move as a bearish catalyst for the crypto market.
The week is also marked by several key economic data releases that could sway sentiment further.
Risk-off sentiment intensified as more than $50 million worth of Bitcoin longs were liquidated in a short span.
That liquidation occurred in under an hour after the US market open, during which BTC fell roughly 3%. Crypto analyst Lark Davis highlighted the rapid unwind on social media.
Bitcoin is down roughly 3% since the US market open.
$50 billion wiped out from $BTC market cap
$200 million worth of longs liquidated in the past 60 minutes. pic.twitter.com/DJT3zvARyW
— Lark Davis (@TheCryptoLark) December 15, 2025
BCH price technical outlook
Technical indicators paint a broadly bearish short-term picture for BCH.
On the daily chart, the Relative Strength Index (RSI) has fallen to 47 from 56, indicating weakening momentum.
This downward shift in the RSI, coupled with growing downward momentum, suggests the potential for further price declines.
The MACD has also shown a bearish crossover, indicating short-term selling pressure could persist.
Under current conditions, BCH could fall to $500. If technical indicators align with a broader market sell-off like the one seen today, sellers could target $450 and then $380.
Conversely, a renewed uptick in RSI and a bullish turn in the MACD could enable BCH to retest the $600 level.