Zcash Breaks Nine-Year Trend vs Bitcoin: Old Market Rules No Longer Apply

The Zcash vs Bitcoin pair has broken a nine-year trend, and according to Chris Burniske, this marks the end of the old rules in the crypto market. The asset consolidated at 0.007904 BTC, exceeding the 200-period SMA at 0.002567 BTC. This break is significant because it ends the pattern of continuous Zcash capitulation against Bitcoin that has persisted since 2017.

Burniske believes that this current bullish cycle for Zcash is fundamentally different from all previous ones. The coin's strength against BTC indicates that the old market scenarios no longer work. Unlike in previous years, when short-term Zcash pumps marked only the final stage of overheating and an imminent collapse of the altcoin market, its current hold above a cascade of key moving averages - the 20-, 50-, 128- and 200-period MAs - is forming a stable macroeconomic foundation.

The main reason the old rules are dead is the evolution of transparency. Modern on-chain analysis tools have effectively stripped Bitcoin of its original status as anonymous money, making a gradual migration of liquidity into the full-privacy sector inevitable. According to Barry Silbert's forecast, Zcash could reach 10% of Bitcoin's market capitalization, currently equivalent to $130 billion.