Bitcoin Cash [BCH] has experienced a sharp decline, falling 7.7% in the past 24 hours and 12% over the past week. The bearish price movement followed hawkish fears after a speech by Federal Reserve Chair Kevin Warsh at Jackson Hole. BCH’s Open Interest dropped 9.6% in a day, reinforcing short-term bearish pressure. Long-term trends remain negative after a rejection at $300 during an August rally. On the weekly chart, technical indicators—CMF at -0.24, RSI at 39—signal heavy capital outflows and bearish momentum. The $188 support level from 2023 has held but appears vulnerable. However, Bitcoin Cash tends to trade like a leveraged Bitcoin asset, meaning a Bitcoin recovery could trigger a BCH bounce.
Bitcoin Cash [BCH] fell 7.7% in 24 hours and shed 12% over the past week, a reaction attributed to hawkish sentiment from Federal Reserve Chair Kevin Warsh’s Jackson Hole speech. The altcoin’s Open Interest declined 9.6% in a single day, confirming short-term bearish pressure.
Long-term trends are also bearish. For two years, BCH traded within a range it lost in May, and the August rally was only a retest of the lower bounds as resistance. The rejection from $300 indicates sellers still hold the upper hand.
Technical indicators are firmly bearish. The Chaikin Money Flow (CMF) stood at -0.24, signaling heavy capital outflows, while the Relative Strength Index (RSI) at 39 showed persistent bearish momentum. The On-Balance Volume (OBV) has been trending downward throughout 2026.
The $188 support from 2023 has been defended so far, but the weekly chart suggests it may only be a matter of time until that level is broken. Bitcoin Cash typically trades like a leveraged Bitcoin asset, so a bull market for Bitcoin could see BCH recover and potentially rally beyond $300 later in 2026.
On the daily chart, a local high of $250 from July has been flipped to support, and the altcoin is currently testing this area as a demand zone. The CMF and momentum indicators signal capital inflows and upward momentum, but the $250 level remains critical. A price drop below $222 would considerably hurt the chances of a recovery in the coming weeks.
Traders can be hopeful of a price bounce but should be prepared to cut a losing trade if BCH falls below $222. If Bitcoin can climb past $82,000 and BCH defends the $220–$240 pocket, a recovery could become much more likely.
