- Bitcoin Cash price fell below $550, while Bitcoin plunged sharply to under $87,000.
- The altcoin could drop below $500 if BTC declines further.
- Macroeconomic headwinds continue to hamper bulls.
Bitcoin Cash (BCH) traded close to a key support level near $560 amid wider market uncertainty, as Bitcoin’s fall below $87,000 surprised crypto investors.
With the crypto landscape remaining volatile, BCH bulls appear to face mounting pressure.
The altcoin was priced at $546 at the time of writing, representing a 4% decline over the past 24 hours.
Bitcoin Cash down 4% as Bitcoin slips under $87,000
Bitcoin Cash lost about 4% as a turbulent December continued to weigh on bulls.
Against broader market weakness, BCH dropped below $550, signaling renewed disarray among traders.
After peaking near $600, the altcoin failed to hold gains and came under increased selling pressure as Bitcoin weakened.
On December 14, BCH fell to $556. Bears pushed the price past $550, and it has since slipped toward the $540 area.
The decline reflected Bitcoin’s steep retreat from above $90,000 during early trading on Monday to roughly $86,700 at the time of writing.
Ethereum also eased back toward the $3,000 support level as recent market movement took a broader toll on major assets.
Why are crypto prices falling today?
Market participants attribute the pullback to macroeconomic headwinds, including persistent inflation concerns.
Last week, crypto assets failed to rally even after the U.S. Federal Reserve announced a rate cut.
The sudden drop in BTC coincided with indications that the Bank of Japan may raise interest rates.
Historically, Bitcoin has experienced sharp declines following BOJ hikes, and analysts view the potential move as negative for risk assets like cryptocurrencies.
Key economic data due later this week could further influence market sentiment.
Heightened risk aversion triggered over $50 million in long liquidations in the Bitcoin market during a single hour as BTC slid about 3% after Wall Street opened, according to crypto analyst Lark Davis.
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
Technical outlook for BCH price
Technical indicators paint a largely bearish short-term picture for BCH.
On the daily chart, the Relative Strength Index (RSI) reads 47 after reversing down from 56.
This RSI decline, combined with increasing bearish momentum, suggests further downward pressure on the price.
Meanwhile, the Moving Average Convergence Divergence (MACD) shows a bearish crossover, signaling potential near-term selling pressure.
Given these signals, BCH could slide toward $500. If indicators align with a broader market decline as seen recently, sellers may aim for $450 and then $380 in subsequent moves.
Conversely, a recovery in RSI and a bullish reversal in the MACD could support a renewed test of the $600 area.