Bitcoin Cash Experiences 7-Month Peak - Analysts Discuss Factors Behind Surge
In a surprising turn of events, Bitcoin Cash (BCH) has outperformed the overall crypto market, which dipped 2.8%, with its price soaring by 15% in the past week and 29% over the past month. The recent rally of BCH, the most popular and most traded of the 100-plus Bitcoin "forks," has been primarily driven by whale activity, lower transaction fees, technical bullishness, and renewed market interest.
On July 4, 2025, large transactions by whales surged by 122.45%, involving nearly 957,440 BCH tokens worth about $482 million. This accumulation by big holders often precedes major price moves and has been a significant driver of the past few months' rally.
BCH offers transaction fees approximately 99% lower than Bitcoin (BTC), making it an attractive choice for users and investors looking for cost-effective payments. This fee advantage is a competitive edge contributing to BCH's growing adoption and market interest.
A golden cross formation occurred on BCH’s hourly chart in late June 2025, where the 50-day moving average crossed above the 200-day moving average, widely regarded as a bullish technical indicator signaling potential for further upward movement.
The market's broader bullishness and renewed attention to BCH have supported the rally. BCH doubled from its April 2025 lows to near $500 by June 2025 amid strong social media attention, increased trading volume, and open interest in BCH futures reaching six-month highs.
BCH has broken above key exponential moving averages and multi-month resistance levels, with momentum indicators like RSI climbing towards overbought territory, indicating strong buying interest and bullish control by traders. However, it is important to note that daily active BCH addresses remain low, suggesting that the rally is more driven by speculation and institutional interest rather than widespread network use.
Analysts and market commentators express cautious optimism that BCH could continue its upward trajectory. Some believe that if the current bullish trend continues, supported by rising adoption and BCH’s cost advantage, it is possible for BCH to test and surpass the $600 mark. However, price forecasts for the remainder of 2025 vary, with some optimistic predictions placing BCH above $700-$900 by year-end, but others highlighting the volatile nature of crypto markets and potential challenges such as Bitcoin’s dominance and market corrections that could temper gains.
Russell Shor, a market analyst, suggests keeping an eye on the $460-$470 range to determine if the rally has staying power. Shor also believes that strong momentum could push Bitcoin Cash past $500.
The path forward for Bitcoin Cash may face bumps from market swings and regulatory uncertainties. Nevertheless, the recent rally underscores the potential of BCH as a viable alternative to Bitcoin, offering lower fees and the promise of increased scalability.
- The soaring price of Bitcoin Cash (BCH) in the past week and month has surpassed the overall crypto market dip of 2.8%, with BCH outperforming due to whale activity, lower transaction fees, technical bullishness, and renewed market interest.
- On July 4, 2025, large transactions by whales involving nearly 957,440 BCH tokens worth about $482 million significantly increased, often preceding major price moves and driving the past few months' rally.
- BCH offers transaction fees approximately 99% lower than Bitcoin (BTC), making it an attractive choice for cost-effective payments and contributing to its growing adoption and market interest.
- A bullish technical indicator, the golden cross formation on BCH’s hourly chart in late June 2025, with the 50-day moving average crossing above the 200-day moving average, signaled potential for further upward movement.
- BCH has broken above key exponential moving averages and multi-month resistance levels, with momentum indicators like RSI climbing towards overbought territory, hinting at strong buying interest and bullish control by traders, but daily active BCH addresses remain low, suggesting that the rally is more driven by speculation and institutional interest.
