Peter Brandt Drops Bombshell Bitcoin Analysis: Is a Massive Price Surge Imminent?

Veteran trader Peter Brandt just threw gasoline on the Bitcoin bull case—and the charts are flashing something big.

The Symmetry Play

Brandt's latest analysis hinges on Bitcoin's historical patterns repeating. When BTC gets this technical setup right, fireworks usually follow.

Wall Street's Worst Nightmare

A confirmed breakout here could send BTC prices screaming past previous ATHs—leaving traditional asset managers scrambling to explain why they stuck with 2% bond yields.

One thing's certain: the next volatile move will separate the diamond hands from the tourists.

Price Targets in Bitcoin: Analysis of Technical Formations

In Brandt’s chart, an expanding triangle formation has made a remarkable appearance with its upper boundary breaking upwards. This formation reflects Bitcoin$111,022 exiting its narrowing consolidation phase and gaining upward momentum. Brandt estimates, using the vertical height of the triangle, that Bitcoin could initially rise to $120,958, followed by $134,886.

However, a closer look at the historical performance of expanding triangles reveals their limited success rate. As the range widens, volatility increases, and investor behavior becomes less predictable. Brandt notes that achieving these target levels is contingent upon buyers maintaining the price within the primary ascending channel. Without this, the formation could falter, evolving into an unexpected downturn pattern.

Critical Support Level of 108,100 Dollars in Bearish Scenarios

Brandt has pointed to $108,100, a level that Bitcoin has struggled to breach for a long time, as a formidable support point. Over recent months, this level emerged as the central axis of Bitcoin’s price action, now serving as the first line of defense for buyers. If Bitcoin closes below $107,000 on a daily basis, it would erase the bullish outlook and pave the way for a more profound correction.

The veteran analyst reiterated that if Bitcoin falls below $107,000, the bullish scenario would be negated, labeling it as a “critical breakdown.” In such an event, the market would seek out a new technical structure, leaving investors potentially disoriented. At its current level, Bitcoin is traded at $111,074, according to CoinMarketCap data, indicating that it is close to Brandt’s supportive level yet remaining in a generally positive position.