Bitcoin Cash Price Prediction: Whale Transactions Surge 122% – Could BCH Overtake Bitcoin?
2025-07-09 16:52:00
Main Idea
Bitcoin Cash (BCH) has seen a significant price surge and increased whale activity, but concerns remain about speculative trading outweighing fundamental adoption.
Key Points
1. Bitcoin Cash (BCH) has surged 112% weekly and 70% over the past 3 months, with whale transactions increasing by 122.45% to $482 million.
2. Speculative activity is high, but a negative funding rate of -0.009% and declining daily active addresses suggest weak on-chain fundamentals.
3. Technical analysis indicates a potential breakout with resistance at $530 and a target of $990, but failure could see a correction to $246 or $388.
4. Macro factors like potential rate cuts and ETF approvals may influence BCH's performance, but resilience to macro FUD alone may not sustain its momentum.
5. The article also mentions Best Wallet, a crypto wallet gaining traction post-FTX crash, with features for early project discovery and $13.7 million in funding.
Description
Bitcoin Cash (BCH) has been in an uptrend recently, and a 112% weekly surge in whale accumulation stands as a vote of confidence from smart money, adding merit that the near-term Bitcoin Cash price outlook could outpace Bitcoin itself. The altcoin has notched a 70% gain over the past 3 months in a sustained uptrend since the mid-April market bottom, while most have since seen momentum stall with macro FUD. Now, with Trump’s tariff letters reopening trade negotiations ahead of the extended August...
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