Bitcoin Cash dropped more than 13% in the last 24 hours and traded around $354 after reaching $414.69 earlier in the day.
The sharp decline came as Bitcoin slipped below $77,000, triggering heavy selling across the crypto market.
More than $661 million in crypto positions disappeared through liquidations during the same period. BCH ranked among the weakest major cryptocurrencies as traders rushed out of high-risk assets.
Key Takeaways
Sharp Market Pullback:
Bitcoin Cash fell 13% after Bitcoin lost key support levels and triggered heavy liquidations across the broader crypto market.
Technical Resistance:
BCH continues to trade below major resistance zones, including the 50-day EMA near $447.
Recovery Potential:
Oversold conditions suggest rebound potential, though stronger buying momentum is still required before confidence fully returns.
RECOMMENDED: Can Bitcoin Cash Hit $1,000 in 2026? The Real Answer
Why Bitcoin Cash Is Falling Today
Bitcoin Cash followed Bitcoin lower after the broader crypto market lost momentum. Bitcoin recently failed to hold above $82,000, then dropped to about $76,700. This triggered a sharp wave of selling across altcoins.
CoinGlass data showed more than 107,000 traders lost leveraged positions in one day. Total crypto liquidations climbed above $661 million. These liquidations pushed prices lower as exchanges closed losing trades automatically.
Macroeconomic pressure also hurt sentiment. Rising Treasury yields and stronger oil prices pushed investors toward safer assets and away from cryptocurrencies.
The BCH chart still looks weak. The coin trades below the 50-day EMA at $447 and the 200-day EMA at $490. Traders often use those levels to judge trend strength. BCH also lost support around $400, which gave sellers more control over short-term price action.
RECOMMENDED: Is Bitcoin Cash Still a Good Buy? Or Is It Too Late? (2026 Guide)
Is Bitcoin Cash A Good Buy Right Now?
Whether Bitcoin Cash (BCH) Is a good buy right now depends on your investment horizon. Very short term it could rebound to $400 – $415, medium term we may see a further drop but long term we are still in the bullish camp.
We recently updated our Bitcoin Cash price prediction where we forecast this cryptocurrency over the coming years. We update it regularly, to ensure any new information is considered, so make sure to bookmark it and subscribe to our free emails to be notified everytime we update it.
Right now, The Relative Strength Index for BCH, or RSI, now sits at 28. Traders usually view RSI levels below 30 as oversold territory. This setup can support short-term rebounds after sharp declines.
Still, oversold conditions do not guarantee a recovery. BCH continues to trade below important resistance levels, and sellers still control the broader trend.
The first key level sits at $400. Buyers need BCH to move above that level and hold it. A push above $415 could improve market confidence further.
On the downside, traders continue to watch support around $390 and $361. If BCH falls below those levels, selling pressure could increase again.
ALSO READ: 5 Reasons to Buy Bitcoin Cash (BCH)
Conclusion
Bitcoin Cash dropped because the broader crypto market turned lower, Bitcoin lost momentum, and liquidations accelerated the selloff. BCH now trades in a weak technical position, although oversold signals could support a rebound later. Buyers still need stronger price action before the trend improves.
Join eToro today and receive $10 in free crypto on your first deposit. Trade crypto, stocks, and ETFs with powerful tools and social investing features like CopyTrader™
Donʼt invest unless youʼre prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
