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Peter Brandt Doubles Down on Bitcoin—But Warns Bull Run Hinges on This Critical Price Level

Peter Brandt Doubles Down on Bitcoin—But Warns Bull Run Hinges on This Critical Price Level

Published:
2025-07-10 07:58:54
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Veteran trader Peter Brandt just flashed a big green light for Bitcoin bulls—with one glaring caveat. The market’s next explosive move depends on whether BTC can smash through a key resistance wall.


The Make-or-Break Zone

Brandt’s charts point to a do-or-die price threshold (spoiler: it’s not the all-time high). Fail to breach it, and even the most diamond-handed HODLers might sweat. Clear it? Cue the ‘number go up’ memes.


Traders vs. Fundamentals: The Eternal Circus

Meanwhile, Wall Street’s latest ‘crypto expert’ just discovered moving averages—right after their third consecutive liquidation. Some things never change.

One thing’s certain: Brandt’s betting on Bitcoin’s resilience. Whether the market agrees? That’s the trillion-dollar question.

Bitcoin Analysis/Peter Brandt Recall that Brandt had earlier projected Bitcoin’s price to reach a high of $150,000 this cycle. He highlighted that this could happen on or before August this year. Caution Amid Ecstasy While Brandt remains a bull, he warned that things could go south quickly for Bitcoin. Among his reasons for the caution is the high morphology of the expanding inverted pattern. He emphasized that the triangle has a higher mortality rate than most other bullish patterns, such as the horizontal pennant. This suggests that while bitcoin appears to be breaking out, the weak-willed momentum from the inverted triangle means that bears can still take over. Further, he concluded that a drop to $107,000 would invalidate the bullish pattern and spark further downsides. Notably, the price mark is not far from Bitcoin’s current price, confirming that there is now a thin line between sustained momentum and a bearish reversal. Remarkably, Brandt has always been cautious in his trading approach, viewing the market from different angles. In June, he predicted that Bitcoin could crash a staggering 75%, similar to its 2022 price action. Notably, this would take BTC’s price to around the late $20,000s.

|Square

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