Peter Brandt Reveals Long Position in Bitcoin (BTC) – What Does It Mean?

Jakarta, Pintu News – Bitcoin (BTC) just cleared a major hurdle at $90,000, and one of the market’s chart experts is now officially backing the bull run.

Peter Brandt, known for his over 50 years of experience in trading and expertise in classic chart patterns, has publicly gone long on Bitcoin (BTC).

Check out the full news below!

Bitcoin (BTC) Breakthrough in the Market

After several weeks of struggling under resistance, Bitcoin (BTC) finally broke out at $91,187 and continued to rise, reaching $93,730 yesterday.

This price increase wasn’t just a slight one – it was a huge spike that broke the downtrend line with a big green candle, catching everyone’s attention, even in a market accustomed to drama. Spikes like this rarely happen without leaving a lasting impression, a conviction shared by Brandt.

Read also: New SEC Chairman Supports Bitcoin, What Does Michael Saylor Say?

Peter Brandt’s Trading Strategy

All chartists have their own style and perspective. Brandt has his style as a chart-based, risk-averse swing trader. His goal is to quickly advance the stop-loss towards the breakeven position.

“I am long on Bitcoin (BTC). The wide green bars allow me to advance my stops quickly,” Brandt said.

But for these veteran traders, it’s not just about trend lines. It’s a deeper, multi-year setup – a complex inverse head and shoulders pattern. Without this broader structure, the breakout won’t pass his filter.

Also read: 5 Memecoins that rise when the market crashes in April 2025, FART is one of them?

Broader Implications of Brandt’s Position

When a veteran like Brandt puts his money behind a move like this, it’s not a prediction, but a sign that Bitcoin’s (BTC) latest surge may have more behind it than just short-term hype.

This is a strategy that focuses entirely on sticking with good trades and abandoning bad ones. By aggressively moving the stop-loss towards breakeven, Brandt reduces risk while keeping the potential for further profits.

Conclusion

With support from experienced traders like Peter Brandt, Bitcoin (BTC) exhibits potential that is not only driven by short-term speculation but also reinforced by in-depth technical analysis.

Significant price increases and well-thought-out trading strategies reinforce the belief that Bitcoin (BTC) still has considerable room to grow in the future, especially for market participants who capitalize on opportunities through instruments such as futures trading.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• U.Today. I’m Long Bitcoin (BTC), Reveals Legendary Trader Peter Brandt. Accessed on April 25, 2025
• Featured Image: Bitcoin News