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
K33: Bitcoin Consolidation Range Selling Pressure Weakens, Market May Be Transitioning from Distribution Phase to Bottom-Building Phase
K33 research report states that Bitcoin has recently oscillated within the $60,000 to $75,000 range, with weakening selling pressure in the market, displaying characteristics of establishing a bottom. Long-term holders tend to accumulate coins, which helps stabilize prices, but macroeconomic uncertainty remains, which may impact risk appetite and capital inflows.
GateNews18m ago
Bullish Signal for Altcoin Price Pump Flares, Crypto Community Expects Altseason to Commence Soon
Bullish signal for altcoin price pump flares.
Expert highlights two bullish signals of altcoin and BTC price charts.
Crypto community expects altseason to commence soon.
The crypto community has been waiting for the altseason peak phase for what feels like over two years now, as the pri
CryptoNewsLand46m ago
Polkadot Faces Risk of Sharp Decline as Negative Signals Intensify
Polkadot (DOT) price continues to extend its downtrend, falling below the $1.40 threshold as recorded on Wednesday, following a slight weakening in the previous session. This downward momentum is reinforced by a weakness in derivatives indicators, along with a series of increasingly negative technical signals, indicating ris
TapChiBitcoin1h ago
SOL Is on Its Way to $102 As Ascending Channel Shows Altcoin Ready to Pump 110% Surge: Analyst
Solana (SOL) shows potential for price increase as it stabilizes within an ascending channel, indicating strong buying momentum. Currently priced at $92.48, SOL could rise to $102 if it breaks resistance, with market optimism supported by a bullish index rise.
BlockChainReporter1h ago
BTC Drops 0.57% in 15 Minutes: ETF Capital Deceleration and Derivatives Short Positioning Create Synchronized Selling Pressure
2026-03-25 12:15 to 12:30 (UTC), BTC recorded a -0.57% return within 15 minutes, with price range between 71126.1 to 71751.0 USDT, and amplitude of 0.87%. Market attention increased during this period, with notably intensified volatility, indicating elevated short-term capital participation and shrinking risk appetite.
The primary driver of this movement is the marginal slowdown in ETF capital inflows, weakened buying power in the spot market, and some holders choosing to reduce positions at higher levels. Combined with the derivatives market dominated by short positioning structure, negative funding rates persisting, and longs
GateNews1h ago
