Veteran trader Peter Brandt has just spotlighted Bitcoin Cash (BCH) in a way that is certain to catch the crypto crowd off-guard. Most people were expecting “Bitcoin” to be another take on BTC, but Brandt flipped the script by openly expressing interest in Bitcoin Cash (BCH).
You might know BCH as the often-ignored fork that used to be seen as a faster, cheaper alternative to the original.
Source: Peter BrandtIn a chart shared with his 700,000 followers, Brandt highlighted a long-term breakout setup with a horizontal resistance line at $719.43. It took a few years to get to this point, with lots of setbacks and failed attempts to bounce back.
Now, it looks like things are about to heat up. BCH is trading at $655.58 right now, which is just 10% below the 2024 high.
What happens above $719?
“This could be the definition of exciting,” Brandt wrote, making it clear he is watching the price action closely — and possibly getting ready to act ahead of time. This matches his usual approach of identifying classic chart patterns before they break out, not after.
The setup in question shows a period of accumulation after the 2022 capitulation wick, with rising volume and a steady ADX climb, which suggests a strengthening trend. If it breaks out above $720, it will be the first time since May 2021 that BCH prints a new high on the monthly chart.
Who knew in 2026 that the “other Bitcoin” might have one more trick up its sleeve. Keep an eye on the monthly close. If it clears the line, it is no longer a forgotten fork.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Will XRP Hold $1.33 or Extend Toward $1.30 Before Rebound?
XRP is currently trading at $1.35, experiencing a 1.3% decline. Key support is at $1.34, while resistance is at $1.40. The price is testing around the Fibonacci levels of $1.33 and $1.30, crucial for potential upward movement or deeper decline.
CryptoNewsLand1h ago
Continuing to rise! Bitcoin briefly breaks above $74,000, Ethereum surpasses $2,200, and the entire network experiences $570 million in liquidations.
Bitcoin (BTC) broke through $74,000 today, boosting the overall cryptocurrency market sentiment. Ethereum (ETH) also rose, surpassing $2,200. Market analysis suggests that this upward trend is driven by institutional capital inflows and safe-haven demand, but investors should be cautious of market volatility and profit-taking pressure.
動區BlockTempo1h ago
$15M Revenue in Two Months, 60% Market Share – Why Is ONDO Price Still Down 50%?
The Ondo (ONDO) price has fallen sharply over the past few months, even as the project continues to post strong numbers behind the scenes.
AI agent Aixbt shared that the token is now down around 50% since December, despite the protocol generating $15.2 million in revenue in just January and
CaptainAltcoin1h ago
Dogecoin Drops 9.6% to $0.08885 as Adam and Eve Pattern Tests Key Neckline
Dogecoin is at a price of $0.08885, down by 9.6 per cent today, slightly above the $0.08857 support.
The DOGE/BTC is generating around 0.051395 BTC and it has a 3.6 percent movement in the session.
The pattern of a daily Adam and Eve is forming, with price approaching a critical level of
CryptoNewsLand2h ago
HBAR at a Crossroads: Will $0.095 Support Trigger a Break Toward $0.106?
HBAR is trading at $0.09739 and above the S/R flip of $0.094-$0.096 in the 12H chart.
The nearest resistance will be at $0.10 with a falling trendline pressure at around $0.104-$0.106.
The support is at $0.095835 and a breakdown at the
CryptoNewsLand2h ago
Bitcoin Shows Bullish Divergence Vs. Gold: Is a Fresh Breakout Brewing?
Michaël van de Poppe, a familiar voice in crypto-charting circles, has flagged what he calls a “bullish divergence” between Bitcoin and gold, a signal he believes could herald a sustained Bitcoin breakout as gold consolidates. “The bullish divergence on BTC vs. Gold is coming into play. Therefore, a
BlockChainReporter2h ago
