Bitcoin Cash Surges Past $378, Signals Bullish Momentum

Recent data reveals that large Bitcoin wallets are accumulating coins while small holders are selling, suggesting the potential for a breakout as Bitcoin surges above $97,000 after a period of consolidation. This accumulation pattern, supported by increased holdings among long-term investors and rising speculative activity, points to strong underlying support for continued price momentum. Meanwhile, Bitcoin Cash has broken a major resistance level at $378.20, signaling a shift to a bullish market structure with the next targets set at $449.00 and $612.90, as technical indicators highlight renewed optimism. Both assets show divergent behavior compared to gold, which has recently soared above $3,380 as investors seek safety amid trade tensions and monetary uncertainty. Gold and silver's rallies have been fueled by geopolitical developments and speculation, while gold-backed cryptocurrencies outpace Bitcoin's year-to-date growth. Together, these trends underscore shifting market sentiment and highlight divergent strategies between institutional accumulation and retail trading across digital and traditional assets.