Zcash (ZEC) has quietly become one of 2025’s strongest large-cap performers, outpacing every major crypto asset, including Bitcoin (BTC).
The privacy-focused coin has gained renewed attention from analysts at Delphi Digital, who have highlighted ZEC’s structurally undervalued market cap, shrinking liquid supply, and improving fundamentals.
Electric Capital’s latest developer report also shows Zcash’s active developer count rising for the first time since 2021, adding fuel to bullish long-term forecasts.
Let’s examine how Zcash is expected to fare compared to Bitcoin by the end of 2025.
On shorter-term timeframes, the ZEC/BTC chart is showing signs of momentum flipping.
The attached 4-hour chart illustrates ZEC/BTC carving out an ascending triangle, a pattern that, during downtrends, often signals seller exhaustion before a relief breakout.
ZEC is now pressing against the 0.0044 BTC horizontal resistance. A confirmed close above this level would activate the triangle’s upside target, projecting a move toward 0.0056 BTC, aligning with the prior breakdown zone and the 200-EMA resistance cluster.
If ZEC breaks out cleanly, it may continue outperforming Bitcoin into year-end — extending what is already its strongest relative trend of 2025.
ZEC/USDT is consolidating along the lower trendline of its prevailing bear-flag structure, suggesting short-term seller exhaustion.
A rebound toward the pattern’s upper trendline appears likely, reinforced by confluence with the 200-4H exponential moving average (200-4H EMA; the blue wave).
This zone clusters around the $420–$450 region, marking the next significant upside target, which is approximately 20% above current price levels.
Despite the short-term rebound potential, ZEC’s broader bear-flag structure still carries a downside risk.
A rejection from the upper trendline could trigger the flag’s measured target, located near $270, a support zone last tested in late October. This remains the primary bearish objective heading into Q1 2026.
Bitcoin is posing similar downside risks toward $40,000 due to its similarity with a 2021 macro top structure.
Yashu Gola is a crypto journalist and analyst with expertise in digital assets, blockchain, and macroeconomics. He provides in-depth market analysis, technical chart patterns, and insights on global economic impacts. His work bridges traditional finance and crypto, offering actionable advice and educational content. Passionate about blockchain's role in finance, he studies behavioral finance to predict memecoin trends.