Crypto Market Update: Peter Brandt Spots Unusual Bitcoin Pattern: Could a Major Breakout Be Next?
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Legendary trader and market analyst Peter Brandt has once again caught the crypto world’s attention, this time by pointing out an uncommon and intriguing pattern forming on Bitcoin’s chart. Known for his decades-long experience in commodities and technical analysis, Brandt has identified what he believes could be a key signal for Bitcoin’s next major move.
An Expanding Triangle That Breaks the Rules
In a recent post, Brandt pointed out the formation of an “inverted expanding triangle” in Bitcoin’s price structure. For those unfamiliar with the term, this pattern typically consists of lower lows and lower highs, expanding outward over time. It’s not the most common chart pattern and is usually considered bearish — a sign that the market is becoming more volatile and less predictable.
But Brandt isn’t following the textbook playbook here. Instead of predicting a further breakdown, he suggests that this particular formation could be setting the stage for a surprise breakout to the upside. If Bitcoin can convincingly break through the upper resistance trendline, it may flip the bearish narrative on its head and push toward a powerful rally. This contrarian take has stirred plenty of conversation among crypto traders, many of whom are watching closely for confirmation.
Bitcoin’s Bigger Picture: Still on Track for $150K?
This isn’t Brandt’s first big call on Bitcoin. In past cycles, he’s accurately predicted both major upswings and brutal corrections. Earlier this year, he shared a long-term target of $150,000 for Bitcoin — a prediction that still stands, though it depends heavily on broader market behavior and Bitcoin’s ability to hold key technical levels.
Brandt also remains cautious and reminds followers that patterns like this expanding triangle are inherently rare and difficult to interpret. “These formations are almost always resolved by sharp breaks — but the direction of the break is not predictable,” he said. That said, if the current pattern resolves upward, it could act as a launchpad toward new all-time highs, potentially validating his bold long-term target.
What This Means for Crypto Investors
Brandt’s analysis offers both opportunity and caution. On one hand, a breakout from this unusual structure could trigger a wave of bullish momentum, attracting both retail and institutional investors back into the market. On the other, traders must remain alert — if Bitcoin fails to break resistance, the downside could be equally swift.
In such uncertain conditions, risk management becomes key. Brandt’s commentary highlights the importance of looking beyond simple indicators and being ready for unorthodox market moves. Bitcoin is still in a maturing phase, and with increasing institutional involvement, new technical patterns may become more relevant over time.
Bottom Line: A Pattern Worth Watching
Whether or not this inverted expanding triangle leads to a breakout, it’s clear that Peter Brandt’s analysis is worth noting. As Bitcoin hovers near critical levels, the market is holding its breath. Traders and investors alike are watching this pattern unfold in real time — because if it plays out the way Brandt suspects, the next leg up for Bitcoin might already be in motion.
The post Crypto Market Update: Peter Brandt Spots Unusual Bitcoin Pattern: Could a Major Breakout Be Next? appeared first on Coinfomania.
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