Peter Brandt Sees Bitcoin Bullish Consolidation Above 109,000 USD

On July 3, 2025, Peter Brandt, a well-known analyst, sparked excitement in the cryptocurrency community with a surprising revelation on social media. By analyzing a three-day price chart, Brandt identified what initially seemed to be an inverse bear flag formation, which typically indicates a significant downtrend. However, he revealed that this formation was actually a compression of a bullish pattern nearing a key support zone. This insight underscored how preconceived notions can mislead chart interpretations and emphasized the importance of the 109,000 USD level as a crucial support for horizontal movement. If this level holds, the next target could range between 115,000 to 118,000 USD. Conversely, a breach below 109,000 USD could trigger a decline towards the 98,000 to 100,000 USD zone.

Brandt’s analysis suggests that the structure known as a bear flag is, in reality, a bullish consolidation. Observers who interpreted the narrowing rising wedge as a bearish signal found, upon chart inversion, signs hinting at potential upward movement. At the time of Brandt’s insight, Bitcoin was trading over 109,000 USD, reinforcing the support line maintained since June 16. Historically, such horizontal, low-volatility phases have marked energy-accumulation periods before rallies.

From a technical perspective, if the consolidation zone remains intact, a swift move to the initial target above 115,000 USD is anticipated. Following this, the 118,000 USD level stands out not only as a psychological resistance but also aligns with Fibonacci extension levels. In the short term, increased volume and consistent daily closing above 112,500 USD will corroborate the upward narrative.

On the other hand, a close below the noted support level over three days would indicate a loss of bullish control. According to Brandt, such a break could transform the faux bear flag formation into an authentic downtrend pattern, potentially testing the psychologically significant 100,000 USD threshold. This level coincides with June’s recorded lows, making it a keenly watched stop. Alternatively, 98,000 USD acts as an impending support point as it intersects with the 50-day exponential moving average and the volume-weighted average, thus regarded as a critical threshold. Should selling pressure escalate, derivative market leverage might be wiped out, resulting in a sharp but temporary downturn. However, analysts believe any further drop could reignite institutional buying near the 100,000 USD range, sustaining the long-term bullish trend intact.