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Bitcoin Cash (BCH) is leading the crypto market recovery wave, according to veteran trader Peter Brandt, noting that the noise and disruption in the industry are gradually receding, allowing traders to refocus their attention on price action.
In a recent publication, Brandt explained that there are clear positive signals supporting a bullish breakout scenario, supported by technical charts.
He noted that the BCH currency entered a falling wedge formation, a technical formation that is often viewed as a bullish signal and may reflect that the asset is ready for a strong rebound after a period of volatility.
Analyst Brandt confirmed that the current situation indicates that Bitcoin Cash may be on the cusp of a major recovery and may even represent an early indicator of a broader rise in the digital currency market, saying that BCH is leading the attack.
In terms of actual performance, Bitcoin Cash outperformed the daily market performance, rising by more than 3% in 24 hours, rising from $637.10 to $665.66, and then trading around $662.80.
Trading volume also increased by approximately 15% to approximately $667.89 million, which may be related to the listing of the BCH/USD1 trading pair on the Binance platform, which may reduce reliance on BTC and ETH pairs and make trading easier for investors.
Other technical indicators reinforce the case, with the relative strength index (RSI) at around 64.98, suggesting there is room for further gains before the currency enters overbought territory.
Following this logic, if the momentum continues, BCH may be able to approach the $700 level.
As for possible scenarios, if the price continues to rise towards $680, a breakout of $700 is possible, while a drop below $650 could lead to a trend reversal towards the $625 to $628 range.
Notably, Bitcoin Cash gained positive momentum in December 2025 after ShapeShift platform CEO Erik Voorhees announced the transfer of Ethereum assets that had been idle for nine years to BCH, triggering what the market widely interpreted as a big bet on the currency.
Meanwhile, the race for top ten cryptocurrency status continues between Bitcoin Cash and Cardano, and if the rally continues, BCH may be able to close the market cap gap and potentially overtake Cardano.
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