Bitcoin Cash (BCH) price forecast as BTC drops below $87k
The price of Bitcoin Cash has fallen below $550 as Bitcoin has seen a sharp drop below $87,000. If BTC falls further, the price of the altcoin could drop below $500. Macroeconomic headwinds continue to hamper bulls.
Bitcoin Cash (BCH) was trading near the $560 support level amid broader market uncertainty, while Bitcoin's drop below $87,000 attracted more crypto investors.
As the cryptocurrency landscape continues to change, it looks like BCH bulls may be in more trouble.
The price of the altcoin stood at $546 as of writing and is down 4% in the last 24 hours.
Bitcoin drops 4% when it slips below $87,000
Bitcoin Cash price is down $4% as a tumultuous December continues to plague bulls.
Amidst broader market weakness, BCH price dropped below $550 to create fresh volatility.
This is because after rising to $600, the altcoin experienced further gains. Pressure rises amid Bitcoin struggle.
On December 14, the price of Bitcoin Cash dropped to $556. Bears continued to test the $550 mark, and prices have since dropped to $540.
The decline marked Bitcoin's sharp decline from over $90,000 in early trading on Monday to around $86,700 at the time of writing.
Ethereum price also dropped to the $3,000 support level, with BitMine announcing new ETH purchases.
Why are cryptocurrencies down today?
Market participants attribute the decline to macroeconomic headwinds, including lingering inflation concerns.
Bellwether digital assets failed to rally last week when the US Federal Reserve announced rate cuts.
BTC's sharp decline now comes as the Bank of Japan prepares for a rate hike.
Historically, bitcoin prices have rallied on BOJ rate hikes, and analysts see the upcoming move as insurmountable for the crypto.
This week is also accompanied by key economic data.
In total, more than $50 million has been seen in long-term risk exposure to Bitcoin.
That happened within an hour after Wall Street opened, when BTC fell 3%. Crypto analyst Lark Davis shared this via X .
Bitcoin is down 3% since the US market opened.
50 billion dollars lost from the market value of $BTC
Over $200 million worth of longs have been released in the last 60 minutes. pic.twitter.com/DJT3zvARyW
— Lark Davis (@TheCryptoLark) December 15, 2025
BCH price technical view
Technical indicators mostly paint a short-term bearish picture.
On the daily chart, the Relative Strength Index (RSI) is sitting at 47 after reversing downwards from 56.
This downward reversal in the RSI, coupled with an increasingly bearish momentum, signals further bearishness.
Meanwhile, the moving average's divergence also shows a bearish transition, suggesting potential short-term price pressure.
BCH can therefore go down to $500, and if these indicators are consistent with the broader market sell-off, like today, it will allow sellers to push the next $450 and $380.
However, with RSI gaining steam and MACD seeing an inflection, $600 could be retested.
