Bitcoin traders may want to tread carefully, as veteran market analyst Peter Brandt has raised fresh concerns about the cryptocurrency’s short-term direction. In a recent post shared on social media platform X, Brandt pointed to a technical pattern that could spell more trouble for BTC unless buyers step in with force.
Brandt, a well-known trader with decades of experience, drew attention to what he described as a “bearish, downward-sloping channel” currently shaping Bitcoin’s price action. In simple terms, this means BTC has been moving within a range that trends lower over time — a signal that sellers may still have the upper hand.
What’s catching the market’s eye is where this pattern is forming. According to Brandt’s chart, Bitcoin is struggling near a major resistance zone close to the six-figure price level. This area has become a psychological and technical barrier, where selling pressure seems to intensify each time prices approach it.
Without strong and sustained buying interest, Brandt warned that Bitcoin could slide into a lower trading range. In other words, if bulls fail to push BTC decisively above this resistance, the path of least resistance could be downward.
Still, Brandt was careful not to present his outlook as a certainty. In his post, he openly acknowledged that market forecasts are never guaranteed. The veteran trader even added that he would not be embarrassed if his analysis turned out to be wrong — a reminder that even experienced traders approach the crypto market with humility.
Brandt’s comments carry weight partly because of his past calls. He famously anticipated Bitcoin’s sharp decline in 2018, earning him a reputation as someone whose technical observations are worth watching, even if not always perfect.
Bitcoin’s recent price behavior has been anything but calm. Over the past few months, the cryptocurrency has seen heightened volatility, driven by a mix of macroeconomic uncertainty and ongoing regulatory developments around the world. Interest rate expectations, global liquidity conditions, and shifting government stances on crypto continue to influence investor sentiment.
The digital asset had earlier surged to record highs, but those gains were followed by wide price swings that left both bulls and bears guessing about what comes next. For now, traders are closely tracking technical levels like the one highlighted by Brandt to find clues about Bitcoin’s next major move.
Other market analysts are also keeping a close eye on trading patterns and support zones, trying to assess whether BTC is preparing for another leg down or simply consolidating before a renewed push higher.
For investors, Brandt’s message is less about predicting an exact price target and more about staying alert. With Bitcoin hovering near a critical resistance level and volatility remaining elevated, the coming weeks could prove decisive in shaping the cryptocurrency’s near-term trend.
As always in crypto, caution, patience, and a close watch on the charts may be just as important as optimism.
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