News View Non-AMP

Crypto Expert Peter Brandt Warns Bitcoin Rally Is At Risk – Here’s Why

Published by
Zafar Naik and Qadir AK

Bitcoin pushed past $112,000 on Wednesday, giving bulls something to cheer about. But legendary trader Peter Brandt says the rally isn’t guaranteed just yet.

While he’s still holding a long position on BTC, Brandt warns that a drop below $107,000 could flip the script entirely.

This is something you want to know. Read on!

Breakout Pattern Spotted, but It’s Not Without Risk

Brandt’s latest chart shows Bitcoin breaking out from an expanding triangle, also called a broadening wedge. This pattern is marked by a rising lower trendline and an upper line that doesn’t converge. Basically, the price swings are getting wider, and so is the risk.

While the breakout is encouraging, Brandt points out that expanding triangles often fail. That means there’s still a chance this move turns into a fakeout if support doesn’t hold.

$108K Turns Support, but $107K Is the Real Test

For months, Bitcoin struggled to break above $108,100. Now that level has flipped into support – a solid win for the bulls. But Brandt says the real line in the sand is $107,000.

If Bitcoin dips below that, the current bullish pattern could fall apart. In his words, it might “morph” into something else entirely, likely a more bearish setup that could lead to a sharp pullback.

Targets Ahead: $120K and $134K If Bulls Stay in Control

Despite the warning, Brandt still sees upside if support holds. Based on the pattern’s range, he’s watching for price targets around $120,958 and $134,886. He previously predicted Bitcoin could climb as high as $118,000 in the near term, and that scenario is still in play.

Right now, Bitcoin is trading around $112,288, holding above key levels, but not in the clear just yet.

Bottom Line

With over five decades of trading experience, Brandt knows how quickly markets can flip. He’s still bullish, but the message is clear: $107K is the must-hold level for this rally to continue.

If it holds, Bitcoin could be gearing up for another leg higher. If not, brace for a potential reversal.

FAQs

How much will 1 Bitcoin cost in 2025?

As per Coinpedia’s BTC price prediction, the Bitcoin price could peak at $168k this year if the bullish sentiment sustains.

How much will 1 Bitcoin be worth in 2030?

With increased adoption, the price of Bitcoin could reach a height of $901,383.47 in 2030.

How much will the price of Bitcoin be in 2040?

As per our latest BTC price analysis, Bitcoin could reach a maximum price of $13,532,059.98

How high will Bitcoin go in 2050?

By 2050, a single BTC price could go as high as $377,949,106.84

Zafar Naik and Qadir AK

Zafar is a seasoned crypto and blockchain news writer with four years of experience. Known for accuracy, in-depth analysis, and a clear, engaging style, Zafar actively participates in blockchain communities. Beyond writing, Zafar enjoys trading and exploring the latest trends in the crypto market.

Recent Posts

Fed Chair Powell Signals September Rate Cut at Jackson Hole, Warns on Inflation Risks

Jerome Powell’s Jackson Hole speech gave traders clarity on what’s next for U.S. rates and…

August 22, 2025

Top Altcoin Investment Strategy: Split 1 BTC Between OZAK AI and Ripple (XRP)

Crypto investors protecting Bitcoin in 2025 are increasingly exploring new approaches to diversify their portfolios…

August 22, 2025

Andrew Tate Shorts Kanye West’s YZY, Gains $16K But Loses $699K on Hyperliquid

Kanye West’s recently launched YZY token quickly grabbed attention in the crypto space. It shot…

August 22, 2025

Fed Chair Powell Signals Possible September Rate Cut Amid Shifting Economic Risks

Federal Reserve Chair Jerome Powell indicated that changing economic conditions may prompt an interest rate…

August 22, 2025

LDO Price Aims 200% as Lido Finance Strengthens On-Chain Fundamentals

The LDO price today sits near $1.32 after advancing to $1.53 by mid-August. While momentum…

August 22, 2025

Shiba Inu Price Prediction 2025, 2026 – 2030: Will SHIB Price Hit $0.00005?

Story Highlights The live price of SHIB memecoin is SHIB token price could reach a…

August 22, 2025