Trading Legend Peter Brandt Bullish on 'Bitcoin,' But Not the One You Think
Analysis
Price Impact
HighPeter brandt, a legendary veteran trader with a large following, has spotlighted bitcoin cash (bch) with a significant long-term breakout setup. his public expression of interest and identification of a classic chart pattern before a potential breakout can draw substantial attention and investment.
Trustworthiness
HighPeter brandt is a highly respected and experienced trader whose analysis is often closely watched by the crypto community. his track record lends strong credibility to his technical observations.
Price Direction
BullishBrandt highlights a long-term breakout setup with horizontal resistance at $719.43. the chart shows a period of accumulation, rising volume, and a steady adx climb, all suggesting a strengthening trend. a break above $720 would mark a new monthly high since may 2021, indicating significant upside potential.
Time Effect
LongThe analysis focuses on a 'long-term breakout setup' that has taken 'a few years to get to this point,' referring to monthly chart patterns. this suggests a sustained move rather than a short-lived pump.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News 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). Advertisement You might know BCH as the often-ignored fork that used to be seen as a faster, cheaper alternative to the original. Source: Peter Brandt In 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. HOT Stories Hoskinson Says XRP DeFi Is Coming Crypto Market Review: XRP — Hidden Golden Growth Signal, Shiba Inu (SHIB) Volume Is at Zero, Is Ethereum (ETH) Rally Finally Ready? Legendary Trader Bollinger Issues XRP Warning, Morgan Stanley Bets on Bitcoin and Solana, Shiba Inu Breakout Fails to Hold — Top Weekly Crypto News Will Monero Be Next Zcash? Top Trader Says It Has Best-Looking Chart 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. Advertisement 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. You Might Also Like Sun, 01/11/2026 - 21:25 Legendary Trader Bollinger Issues XRP Warning, Morgan Stanley Bets on Bitcoin and Solana, Shiba Inu Breakout Fails to Hold — Top Weekly Crypto News By Dan Burgin 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. Advertisement 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. #Bitcoin News #Bitcoin Cash News #Peter Brandt #Bitcoin Cash #Bitcoin