BCH leads the crypto market rally, bullish pattern + RSI signals hint at a surge to $700

DAOplomacy · 2026-01-05T10:20:11+00:00

Peter Brandt pointed out that Bitcoin Cash BCH is leading the crypto market rebound, with the price rising to $662.80, a 24-hour increase of 3.66%. He believes the market is beginning to focus on actual price trends, with clear bullish signals technically. BCH is expected to approach $700, which could influence the broader market.

DAOplomacy

2026-01-05 10:20:11

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【Crypto World】Well-known trader Peter Brant’s recent insights have garnered attention—Bitcoin Cash BCH is leading the rebound in the cryptocurrency market. He believes that as market noise diminishes, investors can finally focus on more tangible price trends.

In terms of data, BCH has performed quite well in the past couple of days. The price has risen to $662.80, with a 24-hour increase of 3.66%. Trading volume has also picked up, increasing by 15.04%, reaching a total of $667.89 million, indicating rising market participation.

From a technical perspective, there are two support points behind this upward movement worth noting. First, a bullish falling wedge pattern has appeared, which typically signals a potential upward breakout. Second, the RSI index is currently at 64.98, in a relatively strong but not overbought state, leaving room for a rebound. Combining these signals, Brant’s assessment is that BCH is likely to see a more significant rally near the $700 level.

If this BCH rebound continues to strengthen, it could also provide some reference for the broader crypto market. At least from the current market rhythm, this signal is still quite worth paying attention to.

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StopLossMaster

· 01-07 23:25

BCH this move is really interesting; the trading volume has increased, indicating that some people are still following.

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GasFeeCrier

· 01-06 09:56

BCH really can't hold on this time, just waiting to break 700. Now it's its turn to eat some gains.

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WealthCoffee

· 01-05 10:50

Descending wedge + RSI this combo... Hmm, I've seen this pattern quite a few times. Can it really break 700?

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fren.eth

· 01-05 10:42

BCH this wave really can't hold back anymore, the combination of a descending wedge + RSI is indeed a bit something... But then again, whatever Brent says, we should probably take it with a grain of salt haha --- Not even daring to touch 700, just waiting to see if it breaks the level before making a move --- A 15-point increase in volume isn't hot enough yet, we need another wave to really get going --- RSI is only 64, and you're still talking about room to grow? That seems a bit risky to me --- Breaking out of a wedge pattern—how many people are still using this old trick? --- BCH leading the rally? I don't really feel it, this rebound strength is just so-so --- A bunch of technical indicators stacked together, but it's still about the market maker’s mood. Wake up, everyone

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0xDreamChaser

· 01-05 10:34

BCH这波确实有点东西，楔形+RSI的组合拳还是有看头的。但说实话700美元那关能不能破还得看大盘脸色，别太兴奋了

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NFT_Therapy

· 01-05 10:32

BCH's recent surge is real, but I still doubt the 700 yuan... Brant is back to hyping again, I've heard about descending wedges too many times. Every time, you have to look at the trading volume. Will the volume this time keep up?

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AirdropHunterWang

· 01-05 10:27

都开始关注BCH了？说实话成交量起来就有点意思了，这次不是割韭菜的套路吧

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