New Bitcoin price outlook by Peter Brandt may stun BTC bulls with bearish reality Advertisement Disclaimer: The stake no deposit bonusopinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The leading cryptocurrency, Bitcoin (BTC), recently performed a major breakout of the whole year, as it finally surpassed a downward trendline that was suppressing the price all through January, February and March.
AdvertisementOf course, when a level of this magnitude is broken, bullish sentiment rises, and the "numbers are going up" chatter resumes. That is the way the market works, as it was in extreme fear just a week ago when BTC was at $75,000, and within six days most market participants are greedy again. But not Peter Brandt.
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Considered by many to be a trading legend, which is hard to argue with considering that Brandt has been in the financial markets since the 1970s, this latest Bitcoin breakout is nothing to the trader. Literally.
AdvertisementLots of amateur chartists are noting this trendline.
— Peter Brandt (@PeterLBrandt) April 15, 2025
Of all chart construction, trendlines are the LEAST significant. A trendline violation does NOT signify a transition of trend $BTC
Sorry pic.twitter.com/GpSBFMW5Aq
As he himself reports in a recent outlook, of all price chart constructions, trendlines are the least significant. What is more, this recent trendline break does not signal a trend change for the cryptocurrency, the expert trader says, addressing his speech to "amateur chartists."
Funnily enough, Brandt ends his message with "sorry," which only adds to the whole message.
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There is, however, a kind of dynamic price level that Brandt says carries weight. This is a price range boundary that can act as resistance or support for the price and is not a "simple trend line."
Meanwhile, it seems that Bitcoin remains in the spotlight of not only crypto enthusiasts but the entire financial sector. How this breakout will end remains open to speculation.