{"id":7417,"date":"2025-01-13T16:48:19","date_gmt":"2025-01-13T16:48:19","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7417"},"modified":"2025-01-13T16:48:19","modified_gmt":"2025-01-13T16:48:19","slug":"peter-brandt-bitcoin-may-hit-84k-in-correction-before-bull-run","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7417","title":{"rendered":"Peter Brandt: Bitcoin May Hit $84K in Correction Before Bull Run"},"content":{"rendered":"<div>\n<p>Why is Bitcoin dropping? $91k Bitcoin price support is critically important to hold. And it\u2019s gone\u2026 What happens next for BTC USD price?<\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">The Bitcoin <\/p>\n<style>\n    .cwp-coin-chart svg path {\n        stroke: ;\n        stroke-width: ;<\/p>\n<p>    }\n<\/style>\n<p>    <span class=\"cwp-coin-widget-container\" data-id=\"btc-bitcoin\" id=\"coin_widget_id_678541e918d3a\"><\/p>\n<p>        <!-- name of the coin in the text --><br \/>\n        <span class=\"cwp-coin-widget-wrapper\" data-id=\"btc-bitcoin\"><br \/>\n            <span class=\"cwp-coin-widget-holder \" style=\"background: #e0e0e0; \"><br \/>\n                <span class=\"cwp-coin-name\" data-id=\"btc-bitcoin\"><br \/>\n                    <span class=\"cwp-coin-icon \"><img decoding=\"async\" src=\"https:\/\/cryptify-platform-dev.clickoutmedia.tech\/icons\/btc-bitcoin.png\" alt=\"btc-bitcoin icon\" width=\"16px\" height=\"16px\"><\/span><br \/>\n                    <span class=\"cwp-coin-label \"><\/span><br \/>\n                    <span class=\"cwp-coin-symbol hidden\"><\/span><\/p>\n<p>                    <span class=\"cwp-coin-trend-holder\"><br \/>\n                        <span class=\"cwp-coin-price hidden\"><\/span><br \/>\n                    <\/span><br \/>\n                    <span class=\"cwp-coin-trend-holder\"><br \/>\n                        <span class=\"cwp-coin-trend \"><\/span><br \/>\n                    <\/span><\/p>\n<p>                <\/span><br \/>\n            <\/span><br \/>\n        <\/span><\/p>\n<p>        <!-- popup with basic info about the coin --><br \/>\n        <span class=\"cwp-coin-popup-wrapper \" data-id=\"btc-bitcoin\" style=\"\"><br \/>\n            <span class=\"cwp-coin-popup-holder\"><br \/>\n                <span class=\"cwp-coin-name\"><br \/>\n                    <span class=\"cwp-coin-icon\"><img decoding=\"async\" src=\"https:\/\/cryptify-platform-dev.clickoutmedia.tech\/icons\/btc-bitcoin.png\" alt=\"btc-bitcoin icon\"><\/span><br \/>\n                    <span class=\"cwp-coin-popup-name\"><\/span><br \/>\n                    <span class=\"cwp-coin-popup-symbol\"><\/span><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-price\"><br \/>\n                    <span class=\"cwp-coin-price-title\">Price<\/span><br \/>\n                    <span class=\"cwp-coin-price-holder\"><br \/>\n                        <span class=\"cwp-coin-price-value\"><\/span><br \/>\n                        <span class=\"cwp-coin-trend-holder\"><br \/>\n                            <span class=\"cwp-coin-trend\"><\/span><br \/>\n                        <\/span><br \/>\n                    <\/span><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-volume\"><br \/>\n                    <span class=\"cwp-coin-price-holder\"><br \/>\n                        <span class=\"cwp-coin-volume-title\">Trading volume in 24h<\/span><\/p>\n<p>                    <\/span><br \/>\n                    <span class=\"cwp-coin-volume-value\"><\/span><br \/>\n                    <!-- <span class=\"cwp-coin-trend-holder\">\n                        <span class=\"cwp-coin-trend\">?<\/span> \n                    <\/span>                     --><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-chart\"><br \/>\n                    <span class=\"cwp-graph-title\">Last 7d price movement<\/span><br \/>\n                    <span class=\"cwp-graph-container\"><\/span><br \/>\n                <\/span><\/p>\n<p>            <\/span>           <\/p>\n<p>        <\/span><br \/>\n    <\/span><\/p>\n<p> market is teetering at what veteran trader Peter Brandt calls a \u201c<a href=\"https:\/\/99bitcoins.com\/news\/bitwise-ceo-says-trump-administrations-policies-could-spark-a-crypto-boom\/\">turning point<\/a>.\u201d Brandt has flagged a head-and-shoulders setup that is forming on the charts.<\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">This pattern, he says, could define Bitcoin\u2019s next big move, splitting its fate into three potential outcomes. Here\u2019s what will happen next, according to Brandt.<\/p>\n<h2 class=\"font-bold text-body leading-[24px] pt-[12px] pb-[2px] [&amp;_a]:underline-offset-[6px] [&amp;_.underline]:underline-offset-[6px]\">Bitcoin Price Alert: New Head-and-Shoulders Pattern Explained<\/h2>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The inauguration of a pro-Bitcoin U.S. president, who\u2019s been openly discussing a strategic Bitcoin reserve, is one week away \u2013 and people are selling Bitcoin <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f633.png\" alt=\"\ud83d\ude33\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><\/p>\n<p>Can someone explain the logic, as I\u2019m <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f914.png\" alt=\"\ud83e\udd14\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\">? <a href=\"https:\/\/t.co\/EKk06Sb55u\">pic.twitter.com\/EKk06Sb55u<\/a><\/p>\n<p>\u2014 Swiss Hodler <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f1e8-1f1ed.png\" alt=\"\ud83c\udde8\ud83c\udded\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> (@SwissHodler) <a href=\"https:\/\/twitter.com\/SwissHodler\/status\/1878749537957015886?ref_src=twsrc%5Etfw\">January 13, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The head-and-shoulders pattern\u2014technical analysis bread and butter\u2014often spells <a href=\"https:\/\/99bitcoins.com\/news\/right-now-were-on-the-brink-of-ethereum-civil-war\/\">an incoming shift<\/a>, flipping direction when traders least expect it.<\/p>\n<p>It unfolds with three price peaks\u2014two smaller shoulders straddling a towering head in the middle. Right now, Bitcoin seems to be sketching this ominous pattern. Veteran trader Peter Brandt warns that the fallout could be severe if the formation locks in.<\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">At the time of his analysis, Bitcoin price was trading near $94,625, with the potential for major shifts depending on how the pattern unfolds.<\/p>\n<h2 class=\"font-bold text-body leading-[24px] pt-[12px] pb-[2px] [&amp;_a]:underline-offset-[6px] [&amp;_.underline]:underline-offset-[6px]\">Scenario One: The Bearish Breakdown<\/h2>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">Peter Brandt\u2019s conservative outlook paints a grim picture\u2014Bitcoin\u2019s head-and-shoulders setup could drive its value down to $76,000. That\u2019s an 18% slide from where it stands now, a hit no trader wants to see but many are bracing for.<\/p>\n<p>\u201cIf Bitcoin breaks below the $90,000 support level, this could signal weakening momentum,\u201d Brandt pointed out in his analysis.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">This is a classic H&amp;S top pattern. <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> H&amp;S patterns can do one of 3 things:<br \/>-Complete and trend to target<br \/>-Fail with bear trap<br \/>-Morph into larger pattern<br \/>What do you think?<br \/>I am only allowing Verified to reply. If you cannot pay a few bucks to X you don&#8217;t deserve to be heard. <a href=\"https:\/\/t.co\/9dGquEXaUs\">pic.twitter.com\/9dGquEXaUs<\/a><\/p>\n<p>\u2014 Peter Brandt (@PeterLBrandt) <a href=\"https:\/\/twitter.com\/PeterLBrandt\/status\/1878542290483875919?ref_src=twsrc%5Etfw\">January 12, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">A drop to this level could shake investor confidence, creating a challenging short-term outlook for the cryptocurrency.<\/p>\n<h2 class=\"font-bold text-body leading-[24px] pt-[12px] pb-[2px] [&amp;_a]:underline-offset-[6px] [&amp;_.underline]:underline-offset-[6px]\">Scenario Two: The Bear Trap<\/h2>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">An alternate theory from Brandt sees the formation unraveling into a bear trap. A brief dip could bait traders into betting on further losses, only for a sharp reversal to squeeze shorts and increase prices.<\/p>\n<blockquote>\n<p>\u201cThis shakeout often exhausts weak hands, making way for a sharp upward move,\u201d Brandt explained.<\/p>\n<\/blockquote>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">This scenario suggests Bitcoin could shake off bearish momentum and climb back toward fresh highs in 2025ntiment and resume its upward trajectory, paving the way for new highs in 2025.<\/p>\n<h2 class=\"font-bold text-body leading-[24px] pt-[12px] pb-[2px] [&amp;_a]:underline-offset-[6px] [&amp;_.underline]:underline-offset-[6px]\">Scenario Three: A Larger, Unpredictable Pattern<\/h2>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">\u00a0But Brandt\u2019s third take throws in a curveball\u2014the pattern could expand into a sprawling consolidation or reversal. It\u2019s not bullish, it\u2019s not bearish\u2014it\u2019s just chaos, the kind crypto traders have come to expect.<\/p>\n<h2 class=\"font-bold text-body leading-[24px] pt-[12px] pb-[2px] [&amp;_a]:underline-offset-[6px] [&amp;_.underline]:underline-offset-[6px]\">Is Bitcoin Screwed Going Into 2025?<\/h2>\n<figure style=\"width: 827px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GhA0pAvXsAEhvEt?format=png&amp;name=900x900\" alt=\"Image\" width=\"827\" height=\"564\"><figcaption class=\"wp-caption-text\">(<a href=\"https:\/\/x.com\/PeterLBrandt\/status\/1878059009439121873\">X<\/a>)<\/figcaption><\/figure>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">For Brandt, market psychology is everything. Bitcoin tends to clear the deck, flushing out weak hands before taking off again.<\/p>\n<blockquote>\n<p>\u201cMarkets typically don\u2019t sustain upward movement until retail exhaustion sets in,\u201d noted Brandt, drawing on years of experience.<\/p>\n<\/blockquote>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">Consolidation and downturns lay the groundwork for sustainable moves, not that retail traders care for patience. Brandt frames Bitcoin\u2019s near future as a test of nerves\u2014a potential tumble, a short squeeze, or an uncharted detour, all feeding the market\u2019s relentless appeal.<\/p>\n<p><strong>EXPLORE:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/solana-surpasses-ethereum-as-top-ecosystem-for-new-developers-in-2024\/\" target=\"_blank\" rel=\"noopener\">Solana Surpasses Ethereum as Top Ecosystem for New Developers in 2024<\/a><\/strong><\/p>\n<p><a href=\"https:\/\/discord.gg\/QneEHUjm\" target=\"_blank\" rel=\"nofollow noopener nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow nofollow\"><b>Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/b><\/a><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/peter-brandt-bitcoin-may-hit-84k-in-correction-before-bull-run\/\">Peter Brandt: Bitcoin May Hit $84K in Correction Before Bull Run<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Why is Bitcoin dropping? $91k Bitcoin price support is critically important to hold. And it\u2019s gone\u2026 What happens next for BTC USD price? The Bitcoin Price Trading volume in 24h Last 7d price movement market is teetering at what veteran trader Peter Brandt calls a \u201cturning point.\u201d Brandt has flagged a head-and-shoulders setup that is [&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-7417","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\/7417","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=7417"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7417\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}