Despite the broader crypto market collapse, Bitcoin Cash will hold around $500: 2026 outlook
Bitcoin Cash price held close to $500 as bulls fight off intraday selling pressure. Amidst Bitcoin's gains, the altcoin could retest key resistance levels. However, Standard Chartered forecasts that BTC will drop to $50k, and BCH will likely reflect this.
The price of Bitcoin Cash (BCH) is showing significant resistance, with bulls holding towards the $500 mark as the broader cryptocurrency market's decline is affecting sentiment.
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In the middle of the BTC struggle, the price of Bitcoin Cash will hold $500
The resilience comes as the broader crypto market faces pressure, including from macroeconomic factors.
A sell-off across the sector has seen Bitcoin struggle to reclaim the $70,000 mark, and on Thursday, Standard Chartered analyst Geoff Kendrick highlighted the bank's BTC forecast for 2026.
Notably, Standard Chartered has now reduced its 2026 target to $100,000 per bitcoin, citing the possibility of more pain before the price recovers.
Amid bearish pressure, the bank sees BTC push to support the $50,000 level.
In a note to clients, Kendrick said Ethereum could drop to $1,400 before rising to $4,000 in 2026.
If BCH stays near $500 and stays above the $450 support, this suggests that the coin may face further downside risks for BTC and ETH.
Negative sentiment carries over to other Bitcoin-related tokens.
Technical view and forecast of BCH price for 2026
The price of Bitcoin Cash dropped to $468 on October 10, 2025, and $454 on February 5, 2026.
The two days highlight the past two major selling events in the crypto market. If prices break above this support base, the June 2025 retest will be at $385.
Previously, between April 9 and May 23, Bitcoin Cash rose from $268 to $443.
From a technical perspective, the BCH weekly chart indicates that the price is currently above a key horizontal support level.
Upswings between March and September 2025 and between November 2025 and January 2026 kept prices above the median line of a broad parallel channel.
The resistance level of this pattern is around $700 and support is around $264.
Currently, the price of BCH hovers at the 50-day moving average of $597, which has served as support since October 10, 2025.
If the price falls below the 50-day SMA, bulls may be in trouble. The weekly RSI is placed in the neutral 40-50 zone. However, it could suggest a potential bearish acceleration ahead of a recovery.
Meanwhile, the MACD indicator shows bearish momentum strengthening after the bearish crossover in mid-January.
A weekly close above $510 would allow buyers to ease resistance into the channel. However, if prices slip below $425, a retracement of $300-260 could be next.
