{"id":34607,"date":"2025-07-01T14:46:59","date_gmt":"2025-07-01T14:46:59","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34607"},"modified":"2025-07-01T14:46:59","modified_gmt":"2025-07-01T14:46:59","slug":"bitcoin-cash-surges-5-chalks-out-bullish-golden-cross-against-btc","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34607","title":{"rendered":"Bitcoin Cash Surges 5%, Chalks Out Bullish Golden Cross Against BTC"},"content":{"rendered":"<div>\n<p>Bitcoin&#8217;s BTC offshoot bitcoin cash BCH chalked out impressive gains in the past 24 hours, bucking the weakness in BTC and the broader market.<\/p>\n<p>BCH has gained over 5% from $491.25 to $516 in 24 hours, with trading volume tripling at one point as over 120,000 BCH changed hands. Prices hit a high of $528 at one point, the level last seen on Dec. 18, according to CoinDesk data.<\/p>\n<p>While a high-volume rally is said to be sustainable, gains are not backed by improvement in onchain fundamentals. According to CoinDesk&#8217;s AI research, fundamentals for the Bitcoin Cash network recently hit six-year lows in daily active addresses. Per on-chain data, the network is experiencing a &#8220;critical demand deficit,&#8221; suggesting the recent price action is driven more by speculation than actual network usage or adoption.<\/p>\n<h2>Key AI insights<\/h2>\n<ul>\n<li>In the last 24 hours from June 30, 13:00 to July 1, 12:00, BCH exhibited a significant bullish trend, climbing from $491.25 to $519.65, representing a 5.8% gain.<\/li>\n<li>The price range during this period was $37.80 (7.7%), with BCH reaching a peak of $527.37 at 03:00 on July 1 following exceptional volume support.<\/li>\n<li>Key resistance formed around $527 with multiple tests, while support was established at $519-$520, suggesting continued bullish momentum despite the minor pullback.<\/li>\n<li>Over 120,000 BCH changed hands at 01:00\u2014nearly triple the 24-hour average volume, indicating strong buyer interest.<\/li>\n<li>In the last 60 minutes from 1 July 11:30 to 12:29, BCH experienced significant volatility, initially climbing 0.55% from $519.67 to $522.55 by 11:57, before sharply declining 0.71% to close at $518.85.<\/li>\n<\/ul>\n<h2>BCH\/BTC chalks out golden cross<\/h2>\n<p>The Binance-listed bitcoin cash-bitcoin (BCH\/BTC) pair, which tracks the ratio between the prices of BCH and BTC, has risen nearly 20% in four weeks, hitting a six-month high of 0.0049, according to data source TradingView.<\/p>\n<p>BCH&#8217;s outperformance is gathering momentum as evidenced by the bullish golden crossover of the 50-day simple moving average (SMA) crossing above the 200-day SMA.<\/p>\n<p>The pattern indicates that short-term momentum is now outperforming the broader trend, with the potential to evolve into a significant bull market.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/6634a7589ab1ad6e2e6e1f2baf5018e0f9f17344-2098x1294.png?auto=format\" alt=\"BCH\/BTC's daily chart. (TradingView\/CoinDesk)\" title=\"BCH\/BTC's daily chart. (TradingView\/CoinDesk)\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin&#8217;s BTC offshoot bitcoin cash BCH chalked out impressive gains in the past 24 hours, bucking the weakness in BTC and the broader market. BCH has gained over 5% from $491.25 to $516 in 24 hours, with trading volume tripling at one point as over 120,000 BCH changed hands. Prices hit a high of $528 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-34607","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34607"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34607\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}