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Bitcoin Cash Price Forecast: Key levels BCH traders must watch after 45% profit last week

  • Bitcoin Cash price tumbled 5% on Monday before stabilizing above the $345 mark.
  • BCH price showed more resilience than BTC, which posted an excess of 8% losses on the day.
  • Derivatives markets data shows BCH bull traders risk major liquidations if prices break below the $339 level.

Bitcoin Cash price retreated 5% on Monday as bulls struggled to hold the $345 support level. Derivatives markets data suggest BCH faces major downside risks if the negative sentiment lingers. 

Bitcoin Cash (BCH) finds steady support at $345 as bulls sit on profits

Bitcoin Cash (BCH) suffered a notable decline on Monday after last week’s surge, which was driven by increased network activity and speculative buying.

The broader market downturn weighed on BCH, with negative sentiment emerging after the United States (US) President Donald Trump administration failed to outline a crypto budget allocation at the White House Summit on Friday. Additionally, the US Nonfarm Payrolls (NFP) data fueled further bearish pressure across global financial markets, including cryptocurrencies.

Bitcoin Cash Price Analysis | BCHUSD

Bitcoin Cash Price Analysis | BCHUSD

Despite Monday’s pullback, BCH traders demonstrated resilience, holding onto last week’s substantial gains. The chart above shows that BCH rallied 45% last week before extending its losses over the past four days to 18%. Compared to Bitcoin’s sharp 8% decline, BCH remained relatively strong, indicating that holders were less inclined to panic sell.

Massive liquidations ahead if BCH bears breach $340 support level

The data suggests that most short-term BCH traders are sitting on double-digit profits, making them less likely to exit their positions compared to BTC holders and low-cap altcoin traders.

However, derivatives market signals indicate that BCH’s resilience could quickly turn into a sell-off if bearish sentiment intensifies.

Bitcoin Cash (BCH) Liquidation Map, Coinglass

Bitcoin Cash (BCH) Liquidation Map, Coinglass

Validating this concern, Coinglass liquidation data shows that bearish traders have taken firm control of BCH markets.

At press time on Monday, Bitcoin Cash bear traders have deployed $9.4 million in short positions against just $3.8 million in total active long contracts.

This imbalance highlights bearish dominance in short-term market momentum.

However, a closer look at the chart shows that bullish traders have clustered $1.4 million—the largest long leverage positions—around the $339 mark.

This suggests that if BCH loses the $339 support level, cascading liquidations could trigger a sharp downward move, potentially extending losses further in a short time frame.

BCH Price Forecast: Prolonged bearish sentiment puts $340 support at risk

Bitcoin Cash price is leaning bearish after shedding nearly 4% in the past 24 hours, signaling that sellers are in control.

The daily chart shows BCH struggling to maintain its footing above the $340 support zone, with Bollinger Bands tightening around this level, hinting at an impending volatile move.

A rejection at $392 triggered an 18% pullback, exposing BCH to a potential breakdown if the sell-off intensifies.

The MACD histogram has started rolling over, with the blue MACD line crossing downward, indicating that bearish momentum is creeping in.

Bitcoin Cash Price Forecast (BCH)

BCH Price Forecast

However, BCH remains above the lower Bollinger Band, suggesting that downside risk may be limited in the short term.

If $340 fails to hold, a cascade of liquidations could accelerate losses, with downside targets extending to $332 and potentially $280.

The increased volume on the recent drop suggests that leveraged longs are unwinding, adding to the selling pressure.

The presence of a Death Cross, where the 50-day moving average falls below the 200-day moving average, further reinforces the bearish bias.

On the flip side, a strong defense of $340 could spark a rebound.

The last major rally saw BCH climb 45% in just seven days, proving that short squeezes can fuel aggressive moves higher.

If buyers regain control and BCH reclaims $392, a sharp breakout toward $450 could follow, especially if short positions are forced to unwind in a low-liquidity environment.

Author

Ibrahim Ajibade

Ibrahim Ajibade is an accomplished Crypto markets Reporter who began his career in commercial banking. He holds a BSc, Economics, from University of Ibadan.

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