Bitcoin Cash holds near $500 despite broader crypto market slump: check 2026 outlook

  • Bitcoin Cash price held near $500 as bulls battled intraday sell-off pressure.
  • The altcoin could retest key resistance levels amid Bitcoin’s gains.
  • However, Standard Chartered forecasts $BTC could drop to $50k, and $BCH will likely mirror this.

Bitcoin Cash ($BCH) price is demonstrating notable resilience, with bulls holding near the $500 mark as the broader cryptocurrency market downturn hits sentiment.

On February 12, 2026, the $BCH price hovered between $496 and $523, down nearly 3% in the past 24 hours but still within range of this crucial level.

Bitcoin Cash price holds $500 amid $BTC struggle

The resilience comes as the broader crypto market faces pressure, including from macroeconomic factors.

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 forecast for $BTC in 2026.

Specifically, Standard Chartered has now slashed its 2026 target to $100,000 per Bitcoin, citing potential further pain before prices recover.

Amid downward pressure, the bank sees bears pushing $BTC to support around $50,000.

Kendrick said in a note to clients that Ethereum will also likely drop to $1,400 before rebounding to highs of $4,000 in 2026.

While $BCH remains near $500 and has held above the $450 support, this outlook for $BTC and ETH suggests the coin could be at risk of further decline.

Negative sentiment will cascade to other Bitcoin-related tokens.

$BCH price technical outlook and forecast for 2026

Bitcoin Cash price fell to around $468 on October 10, 2025, and to $454 on Feb. 5, 2026.

The two dates highlight the last two major sell-off events across the crypto market. If prices fall past this support base, a retest of June 2025 lows at $385 could follow.

Before this, Bitcoin Cash had rallied from $268 to $443 between April 9 and May 23.

From a technical perspective, $BCH’s weekly chart indicates that the price currently hovers above a key horizontal support level.

The uptick between March and September 2025, and between November 2025 and early January 2026, also put prices above the middle line of a broader parallel channel.

The resistance level of this pattern lies near $700, while support is around $264.

$BCH Price Chart">
Bitcoin price chart by TradingView

Currently, $BCH’s price hovers at the 50-day moving average of $597, which has acted as support since Oct. 10, 2025.

If the price drops below the 50-day SMA, bulls could be in trouble. The weekly RSI sits in the neutral 40-50 zone. However, it is likely to suggest potential bearish acceleration before a rebound.

Meanwhile, the MACD indicator shows strengthening bearish momentum after a bearish crossover in mid-January.

A weekly close above $510 could allow buyers a relief rally towards the channel resistance. However, if prices slip under $425, a revisit of $300-$260 could be next.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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