Peter Brandt rejects the reflection of the bitcoin price so far: Here is what to pay attention to

Post Peter Brandt rejects the reflection of the Bitcoin price so far: Here is what to pay attention to at the forefront first appeared on Coinpedia Findte News

• Brandt believes that the price of bitcoin has not yet left the forest unless it was constantly closed above 88 thousand dollars.

• The upcoming emotions from the United States coincided with increasing the accumulation of whales, amid expected diplomatic solutions to the ongoing tariff wars.

The price of Bitcoin (BTC) disturbed $ 86,000 for the first time, on Tuesday during the mid -New York session, since President Donald Trump announced the mutual definitions earlier this month. The leading currency reached the highest daily level of about $ 86,429 before SFP recovered about $ 85.6 at the time of writing this report.

US President Donald Trump’s meeting and President El Salvador Nayeb Boucley sparked difficult feelings for the broader encryption market. Moreover, the Trump administration is actively looking for ways to finance strategic bitcoin reserves, with some speculative financing from customs tariffs.

Bitcoin price regains the confidence of the whale

With the price of gold in referring to the strength of the market amid the decrease in the S&P 500 (VIX), the Bitcoin’s accreditation has gained by whale investors more traction. According to market data from Glassnode, the number of Bitcoin currencies with 1K – 10K coins increased from 1,944 on March 5 to 2,014 at the time of this report.

The last time the Bitcoin whales that accumulated this level in April 2024 accumulated, causing a great upward up to the following weeks.

Expert visions and analysis

For the first time since January 2025, the price of bitcoin, against the US dollar, has nullified the direction of the daily logarithm. As a result, the broader encryption market witnessed bullish feelings, led by Solana and Ripple Labs XRP.

However, Peter Brandt, the veteran trader, refused to reflect the price of bitcoin so far.

“Violation of the direction line does not indicate the transition of trend $ BTC. Sorry,” Brandt male.

According to Brandt, Bitcoin Price should constantly close $ 88,000 to confirm a successful reflection to correct the public market.

Meanwhile, Brandt is still a supporter of the combination of bullish reflection patterns – including double bottom, reverse head and shoulders – with trend lines to predict the market.