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
The US-Iran conflict enters the second phase: Trump emphasizes "no ground action for now," airstrikes have destroyed over 3,000 targets, Bitcoin drops to 67,000.
Trump stated that the U.S. military currently has no plans to deploy ground troops, mainly conducting airstrikes, and has destroyed over 3,000 Iranian military targets. Market risk aversion has increased, with Bitcoin dropping to $67,000. The fighting continues between both sides, and Iran has vowed to retaliate.
動區BlockTempo35m ago
PEPE faces volatility risk as the threat of a "short squeeze" increases
The memecoin market is experiencing a significant downturn as the total industry capitalization has dropped by 48% over the past year and declined another 6.9% in the most recent month, according to data from CoinMarketCap. Meanwhile, a report from Glassnode indicates that this sector has only grown modestly by 2.2% in the past t
TapChiBitcoin37m ago
Willy Woo: BTC's early decline was too rapid, and it is now creating conditions for a rebound to $85,000.
On March 8th, analyst Willy Woo pointed out that Bitcoin faced resistance near $75,000, but since mid-February, capital flows have been recovering, and market sentiment may shift toward risk appetite. Although there is a short-term rebound opportunity, in the long term, Bitcoin remains in the mid-stage of a bear market and may experience sideways consolidation and test resistance levels.
GateNews1h ago
Today, the cryptocurrency Fear and Greed Index is at 12, indicating the market is in extreme fear.
Gate News Report, March 8th, according to Alternative.me data, today’s cryptocurrency Fear and Greed Index is at 12, indicating the market is in a "Extreme Fear" state. This index measures market sentiment, with lower values indicating higher levels of fear.
GateNews2h ago
CryptoQuant Analyst: Bitcoin NUPL-MVRV indicator reaches 0.33, indicating that extreme selling conditions are moderating
Gate News Announcement, March 8 — CryptoQuant analyst Axel posted on X platform that Bitcoin may have entered the mid-stage of this bear market cycle. Data shows that the NUPL–MVRV harmonic composite indicator has reached 0.33, while historical cycle bottoms typically occur around the -0.5 level. The chart indicates that the start of the bear market cycle is trending upward, suggesting that extreme selling conditions are moderating. However, the indicator remains well above historical bottom levels, indicating that a full-scale market sell-off has not yet been confirmed.
GateNews2h ago
