The Bitcoin Cash price has fallen by 6% in the past 24 hours, with its drop to $486.56 coming as the market cools off after Bitcoin (BTC) hit a new ATH yesterday.
BCH is now down by 2.5% in the past week and by 7.5% in the past fortnight, although the altcoin holds on to a 10% increase in a month and a 25% gain in the past year.
In fact, Bitcoin Cash is up by an impressive 81% since falling to a 2025 low of $268 on April 9, while BTC is up by ‘only’ 53% since hitting its 2025 low, also on the same date.
This suggests that BCH has greater medium-term momentum than BTC at the moment, and while it would be a huge stretch to claim that the altcoin will flip Bitcoin this cycle, this momentum points to a very positive Bitcoin Cash price prediction.
If we look at Bitcoin Cash’s chart today, we see that be close to correcting, given that its indicators are dropping from overbought positions.
For instance, its MACD (orange, blue) appears to have peaked earlier this month, and is now sliding downwards.
Source: TradingViewLikewise, BCH’s relative strength index (yellow) has dropped from 70 a few days ago to just below 50 today, a sign of a significant dump.
Its 24-hour trading volume has also begun to fall away, from just over $520 million a couple of days ago to $320 million today.
Worryingly, this is not significantly higher than where it was a year ago, suggesting that Bitcoin Cash hasn’t benefitted that much from the recent market-wide bull movement.
There are various reasons for this, but perhaps the biggest reason is the lack of institutional interest in BCH.
For example, Bitcoin Cash doesn’t even appear on CoinShares’ Digital Asset Fund Flows report, whereas the likes of BTC, ETH, XRP, SOL and LTC account for anything from $179.5 billion (BTC) to $215 million (LTC) in total assets under management.
In turn, this stems from the lack of spot-based BCH ETFs in the US, with the SEC so far delaying to approve any multi-crypto fund (e.g. Bitwise’s 10 Crypto Index Fund) that also includes Bitcoin Cash.
But once such funds do receive the green light, we could see demand for Bitcoin Cash accelerate, which in turn could boost the Bitcoin Cash price.
It has the potential to reach $500 in the next few weeks, while it’s also on course to hit $600 early in the fall.
Bitcoin Cash isn’t the only BTC-adjacent altcoin that could do very well in the coming months, with several other similar alts also showing lots of potential right now.
Chief amongst these is Bitcoin Hyper (HYPER), a new Solana-based layer two network for Bitcoin itself.
Bitcoin Hyper has already raised just over $2.9 million in its ongoing presale, with investors excited by its plans for the future.
As an L2, it will help Bitcoin users to achieve greater throughput, while also charging a fraction of the usual transaction fees.
The platform works by providing a bridge between itself Bitcoin (its Canonical Bridge), which allows users to deposit BTC and receive a corresponding share of Solana-based BTC.
Users will then be able to use this bridged BTC with Bitcoin Hyper’s growing ecosystem of DeFi apps, enabling them to put their BTC to work.
Bitcoin Hyper batches and compresses its transactions, using zero-knowledge proofs for validation, before committing the state of its network to Bitcoin’s blockchain.
Given that HYPER is the native token of the L2, it could experience lots of demand in the coming months.
Investors can buy it now by going to the Bitcoin Hyper website and connecting a compatible wallet.
HYPER currently costs $0.012275, although this will rise again tomorrow.
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