Bitcoin Cash (BCH) has burst onto the scene with an impressive surge against Bitcoin (BTC), shaking up the cryptocurrency landscape as of June 17, 2025. This development comes as the BCH/BTC trading pair on Bitstamp has broken free from a constrictive triangle pattern, a technical indicator that often heralds significant price movements.
Breaking the Triangle
Bitcoin Cash is not just making headlines; it’s shattering expectations. The BCH/BTC ratio’s escape from a triangle pattern—formed by a sequence of descending intraday highs and ascending lows—suggests a bullish trajectory. According to CoinDesk analyst and Chartered Market Technician Omkar Godbole, such breakouts are often precursors to substantial market shifts. The ratio has already climbed above the 200-day simple moving average, a key metric watched by both retail investors and institutional players alike. This upward momentum paints a promising picture for BCH enthusiasts. This aligns with the broader market trends where Bitcoin Rises to $110K as Altcoins Rally, highlighting a synchronized movement in the crypto space.
However, the road ahead isn’t without its hurdles. Resistance looms at the 0.00467 mark, a swing low from February 2024, and the December high of 0.00636. A move below the monthly low of 0.00373 could invalidate this bullish outlook. Thus, the crypto community is watching with bated breath to see if BCH can maintain its upward momentum.
HYPE Token: A Cautionary Tale
While Bitcoin Cash is on the rise, Hyperliquid’s HYPE token tells a different story. After a meteoric climb to $44, marking a five-fold increase in just three months, the token appears to be losing steam. The daily price chart reveals a classic negative divergence: while the token has been hitting higher intraday highs, the 14-day relative strength index—a momentum oscillator—has been trending lower. This divergence often signals a weakening of upward momentum and is a harbinger of potential bearish reversals. For more on HYPE’s recent performance, see Hyperliquid Token Leads Altcoin Rebound as Bitcoin Price Steadies.
Crypto analyst Jamie Lee shares, “The divergence in HYPE’s momentum indicators should raise a flag for traders. It’s a textbook signal that a strong rally may be running out of gas.” Investors in the HYPE token are now left to ponder whether this is merely a temporary setback or a sign of more turbulent times ahead.
The Bigger Picture
In the ever-volatile world of cryptocurrency, these developments underscore the importance of technical analysis as a tool for navigating market trends. The BCH breakout and HYPE’s divergence are just two examples of how traders use chart patterns and momentum indicators to make informed decisions. Yet, as with any market, the future is uncertain. Will BCH maintain its bullish path, or will resistance levels halt its progress? And will HYPE find a second wind, or is its rally truly over?
As we delve deeper into 2025, these questions linger, reminding investors that while technical patterns provide valuable insights, they are but one piece of the complex puzzle that is cryptocurrency trading. With each twist and turn, the crypto market continues to challenge and intrigue both seasoned investors and newcomers alike.
Source
This article is based on: Bitcoin Cash-Bitcoin Ratio Smashes Triangle Pattern; HYPE Rally May Be Over
Further Reading
Deepen your understanding with these related articles:
- Altcoins With Massive Gains and New ATHs as Bitcoin Flirts With $110K (Market Watch)
- Ether More Favored by Traders as Volatility Against Bitcoin Hits Highest Since FTX Crash
- Crypto ‘altcoin ETF summer’ may come in July with SEC approvals: Analysts
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
