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Veteran trader Peter Brandt(Peter Brandt) has identified a potential breakout for Bitcoin Cash(BCH). He pointed out that there is a key horizontal resistance level around $719.43 on the long-term chart. Currently, BCH is trading at $655.58, about 10% below its 2024 high. Brandt noted that the chart shows BCH is in an accumulation phase with rising volume and strengthening trend, which could mean that a breakout above $720 may signal BCH's first new monthly high since May 2021.