• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Peter Brandt Examines Bitcoin's Current State and Prospects

user avatar

by Giorgi Kostiuk

6 hours ago


Renowned analyst Peter Brandt commemorates four decades in technical analysis, focusing on Bitcoin's recent price increases.

Will Bitcoin Reach New Price Levels?

Brandt highlights a critical pattern—the expanding triangle—that may indicate Bitcoin's resurgence after a consolidation phase. This formation, he suggests, forecasts potential climbs to $120,958 and $134,886, although this depends on the stability of current support levels.

What Happens if Bitcoin Dips Below $108,100?

Failing to hold above $108,100 could lead to further declines. This price has served as a key support in recent months, and a close below $107,000 may signal a deeper market correction. Brandt warns that breaching the $107,000 mark could represent a 'critical breakdown,' fundamentally altering the market narrative.

Key Points from Peter Brandt's Analysis

Key points from Brandt's analysis include:

* The expanding triangle suggests a bullish pattern with significant potential gains. * Historical data on triangle patterns shows variable success, suggesting caution. * $108,100 serves as a crucial support level to watch in bearish scenarios. * A decline below $107,000 could invalidate the current bullish sentiment.

Market participants remain alert as Bitcoin hovers near crucial support levels. While the potential for further gains exists, challenges persist, and vigilance is essential in navigating the unpredictable cryptocurrency landscape.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Strategy Holds 3% of Bitcoin Amid Risks

chest

Strategy acquired 597,000 bitcoins. Analyzed risks associated with its Bitcoin reserve and accounting rules.

user avatarGiorgi Kostiuk

Sei Network: Native USDC and CCTP V2 Strengthen $SEI Support

chest

Sei Network prepares for the launch of native USDC and CCTP V2. Analysts observe $SEI holding support at $0.26.

user avatarGiorgi Kostiuk

Bitcoin Reaching New Record Highs: The Impact of Macroeconomics and Institutional Demand

chest

Bitcoin shows significant growth thanks to macroeconomic signals and increased institutional demand through ETFs.

user avatarGiorgi Kostiuk

Agora's Series A Funding Round Raises $50 Million Led by Paradigm

chest

Agora has raised $50 million to expand its white-label stablecoin platform, enhancing liquidity and interoperability in the crypto market.

user avatarGiorgi Kostiuk

Worldcoin Suspension in Germany: What Lies Behind the Decision?

chest

Worldcoin pauses iris scanning in Germany amid legal challenges and data privacy concerns.

user avatarGiorgi Kostiuk

Ozak AI: Technologies, Token Sales, and Ecosystem Applications

chest

Ozak AI is advancing in AI and blockchain, offering a new OZ token and various functions for investors.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.