Trading veteran Peter Brandt shook up the crypto timeline today with a chart that seemed to spell trouble for Bitcoin — at least at first. The post showed what looked like a typical bear flag pattern on the 3-day timeframe.
What Brandt was pointing to is a drop followed by a tight rising wedge. Viewed normally, that is a classic structure pointing to further losses. But there was one catch: the whole chart was upside down.
You Might Also Like
Thu, 07/03/2025 - 07:43 Mysterious $816,524,780 Bitcoin Transfer Stuns Community, Here's Who's Behind It ByYuri Molchan
HOT Stories July 9 Crucial for Crypto: Here's Why Peter Brandt Issues Epic Bitcoin Price Prediction as Fake Bearish Pattern Appears Mysterious $816,524,780 Bitcoin Transfer Stuns Community, Here's Who's Behind It Crypto Alert: These 40 Firefox Extensions Can Instantly Drain Your Wallet
Right-side up, the so-called bear flag turned into consolidation at support — low volatility, tight range and the potential for a strong upward push. It was not a setup for a crash but a structure that often appears before continuing to the upside.
Is this bear flag (yellow box) so obvious to everyone so as to not work?
Or is this chart about to drop off a cliff?
Just asking. CTB$ pic.twitter.com/x3c9ABwVx5
Among predictions, one thing Brandt's chart showed is how expectations can mess with pattern recognition. Market participants are always looking for something familiar, but the mind can sometimes send us down the wrong path.
You Might Also Like
Wed, 07/02/2025 - 15:34 Over 100% Profit, Zero Selling: What Are Bitcoin Miners Waiting For? ByGamza Khanzadaev
Bitcoin's price is currently around $109,000, which is above a support zone that has been a key level since mid-June. From a technical perspective, this kind of sideways structure — after a strong move up — is often seen as a base forming before the market continues moving up. Should the current range hold, the Bitcoin price could soar to $115,000 to $118,000 next.
On the other hand, if the support zone breaks, the downside target from a potential breakdown would probably be around $98,000 to $100,000 per BTC.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
