Peter Brandt Maintains Long Bitcoin Position After Breakout, $107K Seen as Key Support Level
2025-07-10 23:04:16
Main Idea
Peter Brandt confirms a Bitcoin breakout from an expanding triangle pattern, with $107,000 as key support and price targets of $120,958 and $134,886, indicating bullish momentum.
Key Points
1. Bitcoin broke out from an expanding triangle pattern, signaling bullish continuation after surpassing $112,000.
2. $107,000 is identified as a crucial support level; a drop below this could indicate a potential reversal.
3. Brandt's price targets post-breakout are $120,958 and $134,886, derived from the expanding triangle's trajectory.
4. Market sentiment favors bulls, but volatility remains a concern, requiring traders to stay vigilant.
5. The breakout provides a framework for setting entry points, stop-loss levels, and profit targets for investors.
Description
Peter Brandt reaffirms his bullish stance on Bitcoin following a decisive breakout from an expanding triangle pattern, signaling strong upward momentum. The $107,000 level has emerged as a critical support
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