{"id":3611,"date":"2025-06-20T20:44:59","date_gmt":"2025-06-20T20:44:59","guid":{"rendered":"https:\/\/bitunikey.com\/news\/heres-why-bitcoin-cash-price-is-eying-a-35-surge\/"},"modified":"2025-06-20T20:45:02","modified_gmt":"2025-06-20T20:45:02","slug":"heres-why-bitcoin-cash-price-is-eying-a-35-surge","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/heres-why-bitcoin-cash-price-is-eying-a-35-surge\/","title":{"rendered":"Here\u2019s why Bitcoin Cash price is eying a 35% surge"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin Cash price continued its strong uptrend today, June 20, soaring to its highest point since Dec. 7.<\/p>\n<p>Bitcoin Cash (BCH) has risen in the last five consecutive weeks to trade at $485, up 95% from its lowest level in April.\u00a0<\/p>\n<p>The rally occurred in a high-volume environment, with the daily figure jumping 75% to $757 million. Most of this volume was on Binance and HTX. Similarly, the rally came as futures open interest soared to $600 million, the highest level this year. Most of the futures open interest was from Binance, Bitget, Bybit, and OKX.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>There was no major catalyst for the ongoing Bitcoin Cash price rally. A potential reason is that Bitcoin (BTC) was in the green on Friday, rising over 1% and reaching a high of $106,000. BCH is often seen as a proxy to Bitcoin because of their similarity.\u00a0<\/p>\n<p>Still, there is a risk to the ongoing BCH price surge. For one, the weighted funding rate turned negative, a sign that investors in the futures market anticipate the coin will trade lower than it does today.<\/p>\n<p>Another risk is that, as the chart below shows, exchange inflows surged to $18 million on Thursday, the highest level in over a year. Rising exchange inflows are a sign that investors are selling the coin.<\/p>\n<figure class=\"wp-block-image size-full\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14390508\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">BCH exchange inflow and outflow | Source: CoinGlass<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Bitcoin Cash price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14390507\"><source type=\"image\/webp\" ><\/source><br \/>\n<img loading=\"lazy\" decoding=\"async\" width=\"3574\" height=\"1988\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/06\/Heres-why-Bitcoin-Cash-price-is-eying-a-35-surge.png\" alt=\"Bitcoin Cash price\">\n<\/picture><figcaption class=\"wp-element-caption\">BCH price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>Another reason for the ongoing BCH price rally is that it formed a giant double-bottom pattern at $284, its lowest swing in Aug. last year and April this year. This pattern\u2019s neckline is at $640, its highest swing in Dec. last year and 35% above the current level.<\/p>\n<p>BCH price has moved above the 50-day and 200-day Exponential Moving Averages, while the Average Directional Index has jumped to 23, a sign that it is gaining momentum.\u00a0<\/p>\n<p>Therefore, the coin will likely continue rising as bulls target the key resistance at $640. A move above that level will point to more gains as it validates the double-bottom pattern.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Cash price continued its strong uptrend today, June 20, soaring to its highest point since Dec. 7. Bitcoin Cash (BCH) has risen in the last five consecutive weeks to&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=3611"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3611\/revisions"}],"predecessor-version":[{"id":3613,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3611\/revisions\/3613"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3612"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=3611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=3611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=3611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}