Veteran trader Peter Brandt sparked debate in the crypto world this week by posting a confusing Bitcoin chart that initially appeared to forecast trouble — but with a twist.
At first glance, the image looked like it displayed a bearish continuation pattern: a steep drop followed by a narrow upward channel, a textbook setup for further downside. But Brandt was playing with perception. The chart was inverted, meaning the pattern actually pointed in the opposite direction — suggesting consolidation and a potential move higher.
The reversal in viewpoint sparked discussion about how easily familiar chart shapes can influence trader sentiment. What seemed like a red flag for Bitcoin was, in reality, a structure often seen before strong upward continuation. Brandt’s post was less a prediction and more a lesson in the power of visual bias in technical analysis.
At the time of writing, Bitcoin is hovering around $109,000, sitting firmly in a support zone that has held since mid-June. This period of sideways action comes after a sharp rally and has the hallmarks of a consolidation phase — a base from which the next leg higher could emerge.
If this level holds, technical projections suggest BTC could aim for the $115,000 to $118,000 range in the short term. However, a breakdown below the current support could open the door to a drop toward $98,000.
Brandt’s subtle message serves as a reminder that in markets, perspective is everything — and sometimes, flipping the chart might just flip your expectations too.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is passionate about questions of meaning. He is a fluent German speaker as well as He has been in the crypto space for more than three years and has an eye for spotting emerging trends in the world of digital currencies. Whether providing in-depth analysis or reporting on all topics on a daily basis, his deep understanding and enthusiasm for what he does makes him a valuable addition to the team.
Source: https://coindoo.com/is-bitcoin-about-to-surprise-everyone-again/