- Bitcoin Cash price fell below $550 as Bitcoin plunged under $87,000.
- The altcoin could drop below $500 if BTC continues to slide.
- Macroeconomic headwinds continue to weigh on the bulls.
Bitcoin Cash (BCH) traded near a key support level around $560 amid broader market uncertainties, as Bitcoin’s decline below $87,000 spooked crypto investors.
As the cryptocurrency landscape continues to shift, BCH bulls may face increasing pressure.
At the time of writing, the altcoin was trading at $546, down about 4% in the past 24 hours.
Bitcoin Cash falls 4% as Bitcoin slips below $87,000
Bitcoin Cash lost roughly 4% as a turbulent December kept bulls on the back foot.
Amid broader market weakness, BCH slipped below $550, signaling renewed volatility and downside pressure.
The move followed a recent peak near $600, after which the altcoin ran into profit-taking. Downward pressure intensified alongside Bitcoin’s struggles.
On December 14, BCH fell to $556. Bears then tested the $550 level, and prices subsequently dipped toward $540.
The decline mirrored a sharp drop for Bitcoin, which fell from above $90,000 in early Monday trading to around $86,700.
Ether’s price also eased to the $3,000 support area as BitMine announced another ETH purchase.
Why are cryptocurrencies down today?
Market participants attribute the sell-off to macroeconomic headwinds, including persistent inflation concerns.
The digital asset complex failed to rally last week despite announcements from the U.S. Federal Reserve about rate reductions.
Now, Bitcoin’s sudden slide comes as the Bank of Japan prepares for a potential rate hike.
Historically, Bitcoin has reacted negatively to BOJ rate increases, and analysts view the upcoming move as bearish for crypto.
This week’s market is also influenced by the release of key economic data.
Heightened risk aversion led to over $50 billion wiped from Bitcoin market capitalization and significant liquidations of long positions.
More than $200 million in longs were liquidated in a single hour as BTC dropped roughly 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 predominantly short-term bearish picture.
On the daily chart the Relative Strength Index (RSI) sits near 47 after sliding from 56.
This RSI decline, combined with growing bearish momentum, suggests further downward pressure.
Meanwhile, the moving average convergence divergence (MACD) shows a bearish crossover, indicating potential near-term selling pressure.
Given these signals, BCH could fall to $500, and if the indicators align with broader market selling—like today—sellers might push prices toward $450 and even $380 next.
Conversely, a rebound in RSI and a bullish shift in MACD could support a retest of the $600 level.