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Bitcoin Price up Only Until August 2025? Peter Brandt Notes “Typical Corrections”
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Peter Brandt Notes “Typical Corrections” Veteran trader Peter Brandt offers a market insight many have taken to mean that the Bitcoin price is unlikely to experience a major correction until August 2025.
Veteran trader Peter Brandt offers a market insight many have taken to mean that the Bitcoin price is unlikely to experience a major correction until August 2025.
After a strong start to the week with Bitcoin above the $100,000 price point, the crypto market is back in the red again as stronger-than-anticipated U.S. economic data releases dampened interest rate cut expectations.
Amid the slump, veteran commodities trader Peter Brandt has offered a medium-term market insight that has many optimistic.
No Bitcoin Slump Until August 2025?
Veteran trader Peter Brandt presented insights many have taken to mean that Bitcoin is unlikely to experience a major correction until August 2025.
In a Wednesday, January 8 comment on X, crypto trader Nilesh Rohilla shared his view with Brandt that it was better to target time than price with Bitcoin. He highlighted key windows like the first 18 months after the Bitcoin halving and the 12 months after the U.S. elections, which have historically seen price upticks.
Responding to the comment, Brandt noted that he agreed with Rohilla’s view while highlighting a pattern in the analyst’s chart.
Rohilla shared a daily candle chart showing Bitcoin’s price action from November 2023 till date, circling the asset’s price action between November 2023 and February 2024 and the price action from November 2024 till date, likely in anticipation of price repeating the pattern. The pattern saw Bitcoin start correcting from a point in December 2023 before kicking off a rally sometime in February 2024.
Brandt asserted that the circled patterns were “very typical corrections” that Bitcoin has replicated throughout its history. He added that he did not expect the pattern to repeat until August 2025.
The Hump Slump?
On close inspection, the circled pattern appears to be the Brandt-named “hump slump bump dump pump,” Bitcoin correction pattern or hump slump for short. As has been highlighted by the veteran trader, the leading crypto asset’s parabolic runs have historically been littered with this pattern.
On December 29, Brandt asserted that Bitcoin was likely in this pattern again but noted that a steeper decline was necessary for it to complete. Specifically, Bitcoin had to breach the horizontal support near the $89,000 price point.
One potential way Brandt noted that Bitcoin could complete this pattern is by fulfilling a head and shoulders pattern he identified on the asset’s daily candle chart. Previously, Brandt had said that the target of this pattern was $78,000. On Wednesday, however, he adjusted this target to $73,000.
Regardless, the analysis points to a significant market flush before Bitcoin can firmly resume its upward trajectory.
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$BTC
📢 FOLLOW ME 🚨
Peter Brandt Notes “Typical Corrections” Veteran trader Peter Brandt offers a market insight many have taken to mean that the Bitcoin price is unlikely to experience a major correction until August 2025.
Veteran trader Peter Brandt offers a market insight many have taken to mean that the Bitcoin price is unlikely to experience a major correction until August 2025.
After a strong start to the week with Bitcoin above the $100,000 price point, the crypto market is back in the red again as stronger-than-anticipated U.S. economic data releases dampened interest rate cut expectations.
Amid the slump, veteran commodities trader Peter Brandt has offered a medium-term market insight that has many optimistic.
No Bitcoin Slump Until August 2025?
Veteran trader Peter Brandt presented insights many have taken to mean that Bitcoin is unlikely to experience a major correction until August 2025.
In a Wednesday, January 8 comment on X, crypto trader Nilesh Rohilla shared his view with Brandt that it was better to target time than price with Bitcoin. He highlighted key windows like the first 18 months after the Bitcoin halving and the 12 months after the U.S. elections, which have historically seen price upticks.
Responding to the comment, Brandt noted that he agreed with Rohilla’s view while highlighting a pattern in the analyst’s chart.
Rohilla shared a daily candle chart showing Bitcoin’s price action from November 2023 till date, circling the asset’s price action between November 2023 and February 2024 and the price action from November 2024 till date, likely in anticipation of price repeating the pattern. The pattern saw Bitcoin start correcting from a point in December 2023 before kicking off a rally sometime in February 2024.
Brandt asserted that the circled patterns were “very typical corrections” that Bitcoin has replicated throughout its history. He added that he did not expect the pattern to repeat until August 2025.
The Hump Slump?
On close inspection, the circled pattern appears to be the Brandt-named “hump slump bump dump pump,” Bitcoin correction pattern or hump slump for short. As has been highlighted by the veteran trader, the leading crypto asset’s parabolic runs have historically been littered with this pattern.
On December 29, Brandt asserted that Bitcoin was likely in this pattern again but noted that a steeper decline was necessary for it to complete. Specifically, Bitcoin had to breach the horizontal support near the $89,000 price point.
One potential way Brandt noted that Bitcoin could complete this pattern is by fulfilling a head and shoulders pattern he identified on the asset’s daily candle chart. Previously, Brandt had said that the target of this pattern was $78,000. On Wednesday, however, he adjusted this target to $73,000.
Regardless, the analysis points to a significant market flush before Bitcoin can firmly resume its upward trajectory.
#CryptoMarketDidip ucierpiał, a całkowita kapitalizacja rynku kryptowalut związanych z AI spadła z 32 miliardów dolarów do 25 miliardów dolarów. Ten spadek jest głównie spowodowany ogólnymi wyzwaniami w sektorze technologicznym, obawami ekonomicznymi oraz problemami regulacyjnymi.
Pomimo spadku, niektóre projekty AI utrzymują stabilność. Nvidia, główny gracz w sprzęcie AI, doświadczyła pewnych wzlotów i upadków, ale wciąż pozostaje wpływowa w tej dziedzinie. Firmy takie jak C3.ai również poszukują strategicznych partnerstw, takich jak ich współpraca z Microsoftem, aby dalej napędzać wzrost.
Dla każdego, kto obecnie rozważa inwestycje w AI, ważne jest, aby być na bieżąco i rozważyć dywersyfikację swojego portfela. Upewnij się, że dokładnie zbadano przed podjęciem jakichkolwiek działań.
Pomimo spadku, niektóre projekty AI utrzymują stabilność. Nvidia, główny gracz w sprzęcie AI, doświadczyła pewnych wzlotów i upadków, ale wciąż pozostaje wpływowa w tej dziedzinie. Firmy takie jak C3.ai również poszukują strategicznych partnerstw, takich jak ich współpraca z Microsoftem, aby dalej napędzać wzrost.
Dla każdego, kto obecnie rozważa inwestycje w AI, ważne jest, aby być na bieżąco i rozważyć dywersyfikację swojego portfela. Upewnij się, że dokładnie zbadano przed podjęciem jakichkolwiek działań.
XRP and Bitcoin Fall. This Reason Reveals a Big Turning Point for Cryptos.
Bitcoin, XRP, and other cryptocurrencies were under pressure Wednesday as traders assessed another sharp pullback.
But this slump may be different and significant—it appears to be a reaction to U.S. economic data.
Bitcoin
BTCUSD
-0.03%
was trading just above $95,000 early Wednesday, falling from close to $102,000 just 24 hours earlier, according to CoinDesk data. The world’s largest crypto fell 5.7% Tuesday, its largest drop since Dec.18, according to Dow Jones Market Data.
Ether
ETHUSD
-2.67%
, the second largest crypto asset, was 6% down over 24 hours at $3,360. XRP
XRPUSD
+2.14%
, which surged after president-elect Donald Trump won November’s election, was down 3% at $2.32. The token is used to settle transactions on Ripple’s digital-payments platform.
Bitcoin reached the $100,000 milestone again Monday for the first time since Dec.19, but its time above that key level again looks to be short-lived. Economic data may have been behind Bitcoin’s slump–stocks also fell Tuesday and bond yields rose as job openings and manufacturing data were robust, casting further doubt on the path of interest rates.
In the aftermath of Trump’s election win, digital assets spiked on the prospect of a crypto-friendly president. A raft of favorable appointments to the Trump administration helped the momentum going well into December.
But the regulatory, or political, catalysts may be running out of steam for now, leaving cryptos more exposed to other factors.
“Interestingly, Bitcoin–which has shown a low sensitivity of late to the U.S. data flow and U.S. bond yields–did react to the U.S. data,” Pepperstone analyst Chris Weston said late Tuesday.
If Bitcoin and other coins are suddenly reacting to U.S. economic data then that’s a significant shift that crypto investors need to be mindful of It also makes Friday’s December jobs report a much bigger $BNB
#CryptoMarketDidip
Bitcoin, XRP, and other cryptocurrencies were under pressure Wednesday as traders assessed another sharp pullback.
But this slump may be different and significant—it appears to be a reaction to U.S. economic data.
Bitcoin
BTCUSD
-0.03%
was trading just above $95,000 early Wednesday, falling from close to $102,000 just 24 hours earlier, according to CoinDesk data. The world’s largest crypto fell 5.7% Tuesday, its largest drop since Dec.18, according to Dow Jones Market Data.
Ether
ETHUSD
-2.67%
, the second largest crypto asset, was 6% down over 24 hours at $3,360. XRP
XRPUSD
+2.14%
, which surged after president-elect Donald Trump won November’s election, was down 3% at $2.32. The token is used to settle transactions on Ripple’s digital-payments platform.
Bitcoin reached the $100,000 milestone again Monday for the first time since Dec.19, but its time above that key level again looks to be short-lived. Economic data may have been behind Bitcoin’s slump–stocks also fell Tuesday and bond yields rose as job openings and manufacturing data were robust, casting further doubt on the path of interest rates.
In the aftermath of Trump’s election win, digital assets spiked on the prospect of a crypto-friendly president. A raft of favorable appointments to the Trump administration helped the momentum going well into December.
But the regulatory, or political, catalysts may be running out of steam for now, leaving cryptos more exposed to other factors.
“Interestingly, Bitcoin–which has shown a low sensitivity of late to the U.S. data flow and U.S. bond yields–did react to the U.S. data,” Pepperstone analyst Chris Weston said late Tuesday.
If Bitcoin and other coins are suddenly reacting to U.S. economic data then that’s a significant shift that crypto investors need to be mindful of It also makes Friday’s December jobs report a much bigger $BNB
#CryptoMarketDidip
1. Current Price: $687.79
2. 24 Hour Change: -2.35%
3. 24-hour high: $707.46
4. 24-hour minimum price: $674.72
5. 24-hour trading volume (BNB): 468,506.87
6. 24-hour trading volume (USDT): 325.05M
#CryptoMarketDidip
2. 24 Hour Change: -2.35%
3. 24-hour high: $707.46
4. 24-hour minimum price: $674.72
5. 24-hour trading volume (BNB): 468,506.87
6. 24-hour trading volume (USDT): 325.05M
#CryptoMarketDidip