Peter Brandt’s Bitcoin Chart Revelation Ignites Market Frenzy—Here’s Why
Veteran trader Peter Brandt just dropped a bombshell Bitcoin analysis—and the crypto world is buzzing.
His latest chart breakdown suggests we might be on the verge of something big. No vague TA here—just razor-sharp insights from one of the few analysts who called Bitcoin's 2017 peak.
Meanwhile, Wall Street 'experts' still can't decide if crypto is a scam or the future. Spoiler: It's been the future for 16 years.
Brandt's track record speaks for itself. When this guy spots a pattern, markets tend to listen. The question now: Will this trigger the next leg up—or just another round of overleveraged traders getting rekt?
Targets in a Bullish Scenario
Brandt’s disclosure suggests that the structure known as a bear flag is, in truth, a bullish consolidation. Observers who interpreted the narrowing rising wedge as a bearish signal found, upon chart inversion, signs hinting at potential upward movement.
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At the time of Brandt’s insight, Bitcoin was trading over 109,000 USD, reinforcing the support line maintained since June 16. Historically, such horizontal, low-volatility phases have marked energy-accumulation periods before rallies.
From a technical perspective, if the consolidation zone remains intact, a swift MOVE to the initial target above 115,000 USD is anticipated. Following this, the 118,000 USD level stands out not only as a psychological resistance but also aligns with Fibonacci extension levels. In the short term, increased volume and consistent daily closing above 112,500 USD will corroborate the upward narrative.
Risk of Support Breakdown
On the flip side, a close below the noted support level over three days WOULD indicate a loss of bullish control. According to Brandt, such a break could transform the faux bear flag formation into an authentic downtrend pattern, potentially testing the psychologically significant 100,000 USD threshold. This level coincides with June’s recorded lows, making it a keenly watched stop.
Alternatively, 98,000 USD acts as an impending support point as it intersects with the 50-day exponential moving average and the volume-weighted average, thus regarded as a critical threshold. Should selling pressure escalate, derivative market leverage might be wiped out, resulting in a sharp but temporary downturn. However, analysts believe any further drop could reignite institutional buying NEAR the 100,000 USD range, sustaining the long-term bullish trend intact.
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