Bitcoin Cash analysis: BCH/USD crashes to $1,200 following block size upgrade

BCH bears pushed the coin to $1,200, recovery is limited.
$1,100 may attract fresh buying interest.

Tanya Abrosimova Independent Analyst

Bitcoin Cash dropped to $1,220 early on Wednesday, with the downside trend gaining traction. BCH/USD is changing hands at $1,247 at the time of writing. BCH has lost over 23% on a weekly basis.

Bitcoin Cash is the fourth largest coin with market cap over $21.5B and daily average trading volume over $1B.

Bitcoin Cash fork took place on May 15, which is regarded as one of the bearish factors for the digital assets. The fork was made with the primary goal to update protocol and increase the block size from 8 Mb to 32 Mb. Now new coin was born as a result.

Bitcoin Cash technical picture

Bitcoin Cash broke below $1,400 support on Tuesday, which increased the bearish pressure and triggered an extended sell-off towards $1,200. Once this level is cleared, $1,100 will come into focus. This support area is strengthened by 50-DMA and 100-DMA ($1,100 and $1,130 respectively). On the upside, the coin needs to get back above $1,400, which coincides with 200-DMA to improve the technical picture.

BCH/USD, the daily chart

Author

Tanya Abrosimova

Independent Analyst

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.

Bitcoin, Ethereum, and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Ethereum Price Forecast: FG Nexus continues distribution amid signs of returning risk-on sentiment

FG Nexus, once dubbed an Ethereum treasury firm, resumed offloading the top altcoin on Wednesday, distributing 7,550 ETH, according to data from smart money tracker EmberCN.

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Altcoins, such as Stable, Decred, and Pippin, are extending gains so far this week, defying the risk-averse conditions in the broader cryptocurrency market. Stable and Pippin are near record high levels, while Decred extends its breakout rally above $30.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.