On July 3, 2025, renowned analyst Peter Brandt captivated the cryptocurrency community by making unexpected conclusions based on a three-day Bitcoin chart analysis.
Brandt's Bullish Pattern Revelation
Brandt identified what initially appeared to be an inverse bear flag as a compression of a bullish pattern nearing a key support zone. He emphasized the significance of the 109,000 USD level as a firm foundation for horizontal movement.
Targets in a Bullish Scenario
As Brandt analyzed the structure that many interpreted as bearish, he reported that it is, in fact, a bullish consolidation. He predicts that if the 109,000 USD support level remains intact, Bitcoin may soon reach targets above 115,000 USD and then 118,000 USD. Increased trading volume and daily closes above 112,500 USD will confirm the bullish narrative.
Risk of Support Breakdown
If Bitcoin closes below the 109,000 USD level for more than three days, this may indicate a loss of bullish control. Brandt noted that such a break could lead to an actual bearish trend with a potential test of the 100,000 USD level. An alternative support level at 98,000 USD is also significant as it intersects with the 50-day exponential moving average.
Peter Brandt's analysis highlights the importance of current support levels for Bitcoin's future movements. This information may serve as an indicator for institutional investors and their strategies moving forward.
