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Bitcoin Cash drops 7.7% amid bearish pressure after Fed speech, testing key support levels.

Technical Signals
30 Aug 2026
AMBCrypto
View Source
Bearish
Bitcoin Cash drops 7.7% amid bearish pressure after Fed speech, testing key support levels.

Bitcoin Cash (BCH) fell 7.7% in 24 hours and 12% over the past week, driven by bearish sentiment following Federal Reserve Chair Kevin Warsh's hawkish speech. The altcoin's Open Interest dropped 9.6%, reinforcing short-term selling pressure. Technically, BCH rejected the $300 resistance and is testing the $220-$240 support zone, with indicators showing bearish momentum but some signs of potential recovery if Bitcoin rallies past $82,000. Traders should watch the $222 level closely, as a drop below it could worsen the outlook, while holding above may signal a bounce.

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Bitcoin Cash trades lower at $278, facing strong resistance and weak momentum signals.

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Bitcoin Cash drops 7.3% with weak recovery amid no specific negative news, while Bitcoin rebounds strongly.

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