Veteran trader and charting expert Peter Brandt has shifted market focus by highlighting compelling technical setups for Bitcoin Cash (BCH) and Monero (XMR). Brandt, known for his classic pattern recognition, shared a detailed analysis with his substantial following, redirecting attention from Bitcoin to these specific altcoins.
For Bitcoin Cash, Brandt identified a critical long-term resistance level at $719.43. This price point has acted as a ceiling for every major recovery attempt since the 2021 cycle peak, reinforcing its structural importance. BCH was trading around $655.58 at the time of his analysis, placing it roughly 10% below this key barrier and its 2024 high. Brandt described the multi-year accumulation phase and the potential for a breakout as "the definition of exciting." He emphasized that only a confirmed monthly close above $720 would carry significant weight, marking a shift that could move BCH out of Bitcoin's shadow and into a new structural category.
Concurrently, Brandt drew parallels between Monero's price action and silver's historic multi-year consolidation and breakout pattern. XMR recently broke past the $578 resistance level for the first time since 2018, erasing previous barriers and bringing it closer to its all-time high. Brandt's analysis focuses on the behavioral pattern, suggesting Monero's slow grind higher, marked by a 124% rally in 2025 and a 33% gain year-to-date in 2026, could precede a significant move similar to silver's historical performance.
The veteran trader's approach prioritizes disciplined observation of pattern development over short-term speculation. His analysis has sparked renewed technical discussion around both assets, with traders noting strengthening momentum, rising volume, and upward-trending indicators like the ADX for BCH.
