Bitcoin Cash under pressure: Is there a threat of a nightcap at $450?

Bitcoin Cash under pressure: Is there a threat of a nightcap at $450?

As of October 16, 2025, Bitcoin Cash (BCH) remains under pressure and is trading below $520. This week, BCH experienced a significant rejection from a previously broken trendline, adding to the uncertainties in the market. An increase in profit-taking is reported, while bearish derivatives data points to continued selling pressure. As FXStreet reports, BCH could rise in the coming days heading for a deeper correction towards $450.

Current funding rates for BCH are negative and momentum indicators are showing a downward trend. The Santiment Network notes that many BCH holders are realizing their profits this week. An increase in the NPL metric was observed particularly on Wednesday and Thursday, indicating increased selling pressure. CoinGlass's OI-Weighted Funding Rate also shows that more traders are betting on falling prices than rising ones, while the rate turned to -0.0007%, highlighting the bearish sentiment.

Technical indicators and price predictions

On Tuesday, BCH suffered rejection from an ascending trend line and fell almost 5% the following day. The current price is around $251. A close below the 200-day Exponential Moving Average (EMA) at $506.4 could extend the correction towards $450.2, putting traders and analysts on alert. The Relative Strength Index (RSI) shows increasing bearish momentum with a value of 39. Additionally, the Moving Average Convergence Divergence (MACD) indicated a bearish crossover point last week that continues to hold.

For a positive trend reversal, BCH would need to be able to break above the daily resistance level at $542.5. This resistance level could be crucial to defuse the current bearish scenario, but market conditions appear to be against a recovery. Investors and traders are increasingly on guard as they monitor the markets.