Peter Brandt spends cautious Bitcoin warning despite bullish positioning

Peter Brandt spends cautious Bitcoin warning despite bullish positioning


The experienced dealer Peter Brandt has commented on Bitcoin's latest price structure and offers a nuanced assessment that combines careful skepticism with long -term conviction.

In a post from the July 10, Brandt pointed out that the current chart pattern – an outstanding triangle – is not naturally interest -bullish and often has instability. He noticed: “An outgoing triangle has a higher morphing or mortality rate than a pattern like a horizontal pennant.” Nevertheless, Brandt confirmed that he is still investing in BTC, which indicates that he has confidence in the general trend of Bitcoin.

Key level: $ 107,000 as structural support

Brandt highlighted the level of $ 107,000 as a decisive support zone. In his opinion, a breakthrough under this threshold would “indicate a morphology” – a term that he uses to describe sample breakthroughs or developing market structures. BTC is currently being traded at $ 111,490, just above the resistance line, which was supported by $ 110,700.

Course goals: $ 120,000 to $ 135,000 in sight

Despite its reservations regarding the reliability of the pattern, Brandt's chart shows potential upward targets. The next important upward projections are $ 120.958 and $ 134.886, which match the measured movement from the previous outbreak zone by $ 108.100.

Brandt's position: long but vigilant

Brandt, which is known for his sober approach to the technical analysis, shows a mixture of optimism and reluctance in his recent comment. While he maintains a long position in Bitcoin, he warns dealers against putting blind trust in chart patterns, especially in those with a high error rate. His general message seems to be clear: an interest -bullish sequel is possible, but the integrity of the price structure remains crucial.

While Bitcoin is moving in the middle $ 110K area, retailers and analysts observe equally whether this triangle dissolves upwards or fire warnings are confirmed by a deeper correction.

Alexander has been working in the crypto industry for three years and has made a name for himself during this time through his active participation in observing the market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional obligation, but a deep personal passion. He follows the news from the industry every day, analyzes trends and is enthusiastic about every new step in the development of blockchain solutions. His enthusiasm drives him to constantly learn and share his knowledge because he sees the future in the digital financial world and its role in global transformation.


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