Brandt Pokes at XRP But Admits XRP Now in a Continuation Triangle for a Bull Move

Veteran trader Peter Brandt has analyzed XRP price action following the latest drop, critiquing the altcoin and yet suggesting it…

The post Brandt Pokes at XRP But Admits XRP Now in a Continuation Triangle for a Bull Move first appeared on The Crypto Basic.

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Brandt Insists Bitcoin Breakout Not Yet in, Sets Conditions for Real Breakout

Veteran trader Peter Brandt insists Bitcoin has still not recorded a breakout, urging caution despite the firstborn cryptos recent gains. …

The post Brandt Insists Bitcoin Breakout Not Yet in, Sets Conditions for Real Breakout first appeared on The Crypto Basic.

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Legendary Analyst Brandt Spots Bearish Bitcoin Signal but Longs BTC with $150K Target

Legendary trader Peter Brandt recently discussed the current price action of Bitcoin, highlighting his risky bet on an uptrend amid…

The post Legendary Analyst Brandt Spots Bearish Bitcoin Signal but Longs BTC with $150K Target first appeared on The Crypto Basic.

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Bitcoin Price up Only Until August 2025? 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.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.BTCUSDT daily candle chart showing price action from November 2023BTCUSDT daily candle chart showing price action from November 2023. Source: Nilesh RohillaBrandt 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.BTCUSDT daily candle chart showing head and shoulders pattern. Source: Peter BrandtBTCUSDT daily candle chart showing head and shoulders pattern. Source: Peter BrandtRegardless, the analysis points to a significant market flush before Bitcoin can firmly resume its upward trajectory.

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Cardano Critic Brandt Flips Bullish, Suggests ADA Has Now Bottomed for a Grand Bull Market

Peter Brandt, a long-term Cardano critic, suggests the altcoin has now bottomed out and could be on the cusp of a price surge.Cardano (ADA) has witnessed a sharp recovery from its Monday lows. After dropping to $0.8758 on Monday, Jan. 13, ADA has reclaimed the $1 level, currently trading at $1.097, as it records an impressive 24% rebound in just three days. Brandt: Cardano Has BottomedAmid this recovery, veteran commodities trader Peter Brandt, previously a vocal skeptic of Cardano, has surprised the community with his newfound optimism. Interestingly, he recently suggested that ADA has established a bottom and could be on the cusp of a "grand bull market."https://twitter.com/PeterLBrandt/status/1879872718142943430Brandt's accompanying chart, which shows the reason behind this bullish outlook, highlights a double bottom base pattern that Cardano formed between December 2022 and October 2024. Notably, this formation signals a reversal and a potential bullish breakout. ADA slipped toward the base following the Terra implosion of May 2022, which triggered a contagion in the crypto market. Data from the chart shows that, following this base, Cardano broke out of a brief consolidation pattern in November 2024, when it soared on the back of the Donald Trump victory.Cardano quickly surged past the $0.81040 resistance zone, flipped it into support and is now consolidating above it. According to the chart, this level serves as an important retest zone. Meanwhile, the Average Directional Index (ADX), standing at 36.76, shows a strong directional trend. The rising moving averages (8-day and 18-day) and the Relative Strength Index (RSI) confirm the ongoing bullish momentum in the Cardano market.Previous CriticismInterestingly, just a month ago, Brandt was bearish on Cardano, referring to it as a potential "car crash." This skepticism came from a head-and-shoulders pattern he identified on ADA's daily chart, which he believed indicated further declines. Cardano Head and Shoulders | Peter BrandtAt that time, Cardano was trading at $0.9271, having fallen below $1. Despite this bearish outlook, Brandt's perspective has now shifted as ADA broke through major levels and invalidated bearish patterns. His current bullish stance suggests that Cardano may aim for massive gains in the coming months.Analysts Bullish on CardanoOther market analysts share Brandt's optimism. Pseudonymous market watcher Maxpain recently noted that ADA had been trading within a range of $0.874 and $1.327. He highlighted consistent higher lows since December 19, which signaled building bullish momentum. https://twitter.com/Mangyek0/status/1878040602027393354He also identified the $0.829 to $0.879 zone as a strong demand area, marking it as a favorable accumulation point. The analyst's price targets for ADA include $1.10, $1.32, and $1.60.Additionally, The Crypto Basic disclosed yesterday that Ali Martinez had observed massive whale activity over the past few days. According to him, large holders acquired 100 million ADA tokens within 48 hours. Meanwhile, Dan Gambardello, a Cardano bull, recently called attention to ADA's strong 2025 performance, comparing it to XRP and noting its resilience against competing narratives from venture-capital-backed projects. Notably, Cardano is up 12.35% this week and 28.6% in 2025.

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