Peter Brandt Stuns Crypto Traders by Turning Bullish on Bitcoin Cash

• Peter Brandt shifts focus from BTC to Bitcoin Cash breakout
• $719 resistance emerges as key level for Bitcoin Cash traders
• Long-term accumulation hints at renewed relevance for Bitcoin Cash

Crypto traders reacted swiftly after a well-known market veteran shifted focus away from BTC, directing attention toward Bitcoin Cash, long viewed as secondary. Peter Brandt shared a chart highlighting a critical long-term structure on BCH, with emphasis on horizontal resistance near $719.43.

Rather than a sudden price surge, the setup reflects years of stalled recovery attempts that carved out a base supporting renewed technical interest. BCH traded around $655.58 when the chart circulated publicly, placing price roughly 10% below its 2024 high. Brandt’s remarks pointed to strategic observation over short-term speculation, as his approach prioritizes pattern development before confirmation becomes obvious.

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Accumulation Phase Signals Changing Market Behavior

The $720 region has capped every major recovery since the 2021 cycle peak, with each attempt stalling and reinforcing its broader structural importance. This resistance aligns with historical price congestion zones, a factor that often strengthens its long-term technical influence.

As a result, traders now view this range as a decisive boundary, where a sustained move higher would shift Bitcoin Cash into a new structural category. Brandt stressed that only a confirmed monthly close carries weight, as short-term volatility fails to meet his breakout criteria.

Market Perception Could Shift if Resistance Breaks

Bitcoin Cash has remained outside dominant market narratives for several years, which kept expectations low and participation limited. A confirmed breakout could quickly alter that perception as markets often reassess overlooked assets once long-term resistance fails. Importantly, the analysis avoided speculative targets or promotional framing, with the focus staying on structure, confirmation, and disciplined observation.

Brandt described the setup as compelling without overstating its implications, and his attention has redirected technical discussions toward Bitcoin Cash. If price secures acceptance above $719, BCH may no longer trade as the overlooked Bitcoin alternative, marking a notable shift in how traders view the asset.

Also Read: If You Hold XRP, You Should See This

The post Peter Brandt Stuns Crypto Traders by Turning Bullish on Bitcoin Cash appeared first on 36Crypto.