{"id":36134,"date":"2025-07-10T10:16:51","date_gmt":"2025-07-10T10:16:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36134"},"modified":"2025-07-10T10:16:51","modified_gmt":"2025-07-10T10:16:51","slug":"veteran-trader-peter-brandt-is-long-on-bitcoin-btc-but-theres-a-catch","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36134","title":{"rendered":"Veteran Trader Peter Brandt Is Long on Bitcoin (BTC), But There\u2019s a Catch"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li data-start=\"0\" data-end=\"221\">\n<p data-start=\"2\" data-end=\"221\">Peter Brandt remains bullish on bitcoin with ambitious targets, but alerted about the appearance of a bearish pattern.<\/p>\n<\/li>\n<li data-start=\"223\" data-end=\"436\" data-is-last-node=\"\">\n<p data-start=\"225\" data-end=\"436\" data-is-last-node=\"\">Despite optimistic predictions from multiple analysts, technical indicators such as a near-overbought RSI suggest that the asset\u2019s rally might face short-term resistance.<\/p>\n<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/BTC_CB-16.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-403557\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/BTC_CB-16.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/BTC_CB-16.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/BTC_CB-16-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/BTC_CB-16-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/BTC_CB-16-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/BTC_CB-16-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>Watch Out for This Level<\/h2>\n<p><span data-preserver-spaces=\"true\">Several hours ago, bitcoin (BTC) <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/bitcoin-records-new-all-time-high-breaks-above-mays-peak\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">made<\/span><\/a><span data-preserver-spaces=\"true\"> history by tapping a new all-time high price of over $112,000. One prominent figure in the crypto industry who has commented on the asset\u2019s recent performance is Peter Brandt.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The veteran trader <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/PeterLBrandt\/status\/1943085280363209130\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">spotted<\/span><\/a><span data-preserver-spaces=\"true\"> the formation of an expanding inverted triangle on BTC\u2019s price chart, arguing that it has \u201ca higher rate of morphing or mortality\u201d than a pattern like the horizontal pennant. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Nonetheless, Brandt remains long on the asset, setting short-term targets of $120,958 and $134,886. Investors, though, should be cautious because, according to the trader, a decline under $107,000 \u201cwould suggest morphology.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">An expanding inverted triangle is a pattern where price fluctuations become wider over time, forming higher highs and lower lows in a megaphone shape. <\/span><span data-preserver-spaces=\"true\">It\u2019s generally considered<\/span><span data-preserver-spaces=\"true\"> bearish, as it signals market instability and could result in a breakdown. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On the contrary, a horizontal pennant is a consolidation pattern where the asset\u2019s valuation drifts sideways after a significant move. It\u2019s usually viewed as a bullish signal, assuming it follows an upward trend.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Brandt is known as a proponent of the primary cryptocurrency. Just a few weeks ago, he <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/how-much-you-should-invest-in-bitcoin-btc-veteran-trader-peter-brandt-weighs-in\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">recommended<\/span><\/a><span data-preserver-spaces=\"true\"> that people make monthly investments and allocate 80% of the capital to SPY (the ETF that tracks the S&amp;P 500 Index) and the remaining 20% to BTC.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Other Forecasts<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The X user CRYPTOWZRD is also optimistic that BTC could post additional gains <\/span><span data-preserver-spaces=\"true\">in the near future<\/span><span data-preserver-spaces=\"true\">, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/cryptoWZRD_\/status\/1943041255778455576\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">envisioning<\/span><\/a><span data-preserver-spaces=\"true\"> a rally to $132,500 based on the potential formation of an inverse head-and-shoulders pattern. KALEO was even more optimistic, predicting a price explosion to $500,000.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#Bitcoin<\/a> \/ <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$BTC<\/a><\/p>\n<p>$500K IS A MAGNET <a href=\"https:\/\/t.co\/ni2oFVs9hf\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/ni2oFVs9hf<\/a><\/p>\n<p>\u2014 K A L E O (@CryptoKaleo) <a href=\"https:\/\/twitter.com\/CryptoKaleo\/status\/1943012209581527321?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">July 9, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Some indicators support the bullish theories. BTC\u2019s exchange <\/span><span data-preserver-spaces=\"true\">netflow<\/span><span data-preserver-spaces=\"true\"> has been predominantly negative over the last month, signaling a shift from centralized exchanges to self-custody methods, which reduces the immediate selling pressure.<\/span><\/p>\n<figure id=\"attachment_403552\" aria-describedby=\"caption-attachment-403552\" style=\"width: 998px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/BTC-Exchange-Netflow-1.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-403552\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/BTC-Exchange-Netflow-1.png\" alt=\"BTC Exchange Netflow\" width=\"998\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/BTC-Exchange-Netflow-1.png 1530w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/BTC-Exchange-Netflow-1-300x120.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/BTC-Exchange-Netflow-1-1024x410.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/BTC-Exchange-Netflow-1-768x308.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/BTC-Exchange-Netflow-1-50x20.png 50w\" sizes=\"auto, (max-width: 998px) 100vw, 998px\"><\/a><figcaption id=\"caption-attachment-403552\" class=\"wp-caption-text\">BTC Exchange Netflow, Source: CryptoQuant<span style=\"color: #2b2b2b; font-size: 16px;\">\u00a0<\/span><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">On the other hand, the asset\u2019s Relative Strength Index (RSI) is quite close to the bearish zone of 70. <\/span><span data-preserver-spaces=\"true\">Such readings <\/span><span data-preserver-spaces=\"true\">show<\/span><span data-preserver-spaces=\"true\"> that the price has increased too rapidly over a short period <\/span><span data-preserver-spaces=\"true\">of time<\/span><span data-preserver-spaces=\"true\"> and <\/span><span data-preserver-spaces=\"true\">might<\/span><span data-preserver-spaces=\"true\"> be due for a short-term pullback.<\/span><span data-preserver-spaces=\"true\"><br \/>\n<\/span><\/p>\n<figure id=\"attachment_403555\" aria-describedby=\"caption-attachment-403555\" style=\"width: 2386px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/BTC-RSI-1.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-403555\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/BTC-RSI-1.png\" alt=\"BTC RSI\" width=\"2386\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/BTC-RSI-1.png 1175w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/BTC-RSI-1-300x50.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/BTC-RSI-1-1024x172.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/BTC-RSI-1-768x129.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/BTC-RSI-1-50x8.png 50w\" sizes=\"auto, (max-width: 2386px) 100vw, 2386px\"><\/a><figcaption id=\"caption-attachment-403555\" class=\"wp-caption-text\">BTC RSI, Source: CryptoWaves<\/figcaption><\/figure>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/veteran-trader-peter-brandt-is-long-on-bitcoin-btc-but-theres-a-catch\/\" rel=\"nofollow\">Veteran Trader Peter Brandt Is Long on Bitcoin (BTC), But There\u2019s a Catch<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Peter Brandt remains bullish on bitcoin with ambitious targets, but alerted about the appearance of a bearish pattern. Despite optimistic predictions from multiple analysts, technical indicators such as a near-overbought RSI suggest that the asset\u2019s rally might face short-term resistance. Watch Out for This Level Several hours ago, bitcoin (BTC) made history by tapping [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-36134","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36134"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36134\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}