PSA this is just ripping off Peter Brandt's tweets. I gathered his breadcrumbs and pieced together this analysis.
His most recent comment in April '25 suggested that the recent BTC pullback was a back-test of a long standing reverse H&S formation. He has not provided any charting of this formation afaik but I reverse engineered it and I believe this is the formation he is referring to.
He has also said several times that he feels the peak will be in Sept '25 at around $140,000.
Given this information, we have a rough roadmap of how we ought to get there. The market has cooled off since inauguration day and could be preparing for the blow off top.
Fingers crossed!
His most recent comment in April '25 suggested that the recent BTC pullback was a back-test of a long standing reverse H&S formation. He has not provided any charting of this formation afaik but I reverse engineered it and I believe this is the formation he is referring to.
He has also said several times that he feels the peak will be in Sept '25 at around $140,000.
Given this information, we have a rough roadmap of how we ought to get there. The market has cooled off since inauguration day and could be preparing for the blow off top.
Fingers crossed!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.