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

【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.