{"id":72489,"date":"2026-05-14T03:37:43","date_gmt":"2026-05-14T03:37:43","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-bottom-unconfirmed-as-peter-brandt-flags-bear-channel\/"},"modified":"2026-05-14T03:37:43","modified_gmt":"2026-05-14T03:37:43","slug":"bitcoin-bottom-unconfirmed-as-peter-brandt-flags-bear-channel","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-bottom-unconfirmed-as-peter-brandt-flags-bear-channel\/","title":{"rendered":"Bitcoin Bottom Unconfirmed as Peter Brandt Flags Bear Channel"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Brandt said bitcoin has not completed a recognizable bottom after its latest rebound.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Technical resistance near the bear channel keeps attention on the $79,145 trigger.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Additional downside pressure could shift focus toward the channel midpoint, then its lower boundary.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2> <span>Bitcoin<\/span> Recovery Faces Pressure Inside Bear Channel<\/h2>\n<p>Veteran trader Peter Brandt warned that <span>bitcoin<\/span> has not completed a recognizable bottom, pointing to <span>BTC<\/span>\u2019s possible bear channel from the February low. His accompanying chart showed <span>bitcoin<\/span> trading near the upper boundary, where the recovery appeared to meet resistance without confirming a reversal. His <a href=\"https:\/\/x.com\/PeterLBrandt\/status\/2054564939541758077\" target=\"_blank\" rel=\"noopener noreferrer\">post<\/a> on social media platform X on May 13 centered on technical positioning rather than <span>market sentiment<\/span> and suggested the rebound remains incomplete.<\/p>\n<p>Brandt\u2019s post suggests he is not calling a full <span>bear market<\/span>. Instead, he argued that <span>bitcoin<\/span> has not proven that its correction is over. The key issue is whether <span>BTC<\/span> can maintain support after failing near resistance inside the channel. A rising channel after a sharp decline can still act as a <span>bearish<\/span> structure in Brandt\u2019s interpretation of the chart. He wrote:<\/p>\n<blockquote>\n<p>\u201cA recognizable bottom has NOT NOT NOT been completed in <span>bitcoin<\/span>. A possible bear channel exists from the Feb low.\u201d<\/p>\n<\/blockquote>\n<figure id=\"attachment_813965\" aria-describedby=\"caption-attachment-813965\" style=\"width:1166px\" class=\"wp-caption alignnone\"><figcaption id=\"caption-attachment-813965\" class=\"wp-caption-text\">Chart shared by Peter Brandt.<\/figcaption><\/figure>\n<p>His trigger sits at $79,145. Brandt noted that an Average True Range (ATR) close below that level would point to a retreat toward the channel midpoint. Additional selling pressure could then bring the lower boundary into focus, keeping the outlook cautious rather than outright <span>bearish<\/span>. For now, the chart outlines a possible downside move instead of a confirmed breakdown scenario.<\/p>\n<h2>Peter Brandt\u2019s Earlier <span>Bitcoin<\/span> Forecasts Pointed to Further Weakness<\/h2>\n<p>Before this X post, Brandt projected that <span>bitcoin<\/span> could <a href=\"https:\/\/news.bitcoin.com\/peter-brandt-says-58k-62k-is-where-bitcoin-is-likely-headed\/\">decline<\/a> toward $58,000 to $62,000. The commodity and foreign exchange trader, whose market career dates to 1975, linked the target range to weakening chart structures and mounting technical pressure. His <span>BTC<\/span> analysis often relies on classical chart formations.<\/p>\n<p>Another Brandt post on X looked further ahead. In April, he <a href=\"https:\/\/x.com\/PeterLBrandt\/status\/2047396252112028135\" target=\"_blank\" rel=\"noopener noreferrer\">outlined<\/a> <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a>\u2019s cyclic pattern as a possible path to an investable low in September or October 2026. He added that the next high, if the pattern continues, could arrive between $300,000 and $500,000 in September or October 2029. The post placed a possible 2026 low before a later projected cycle peak. Brandt stated on May 13:<\/p>\n<blockquote>\n<p>\u201cPrice is being repealed from the upper boundary. An ATR close below $79,145 would indicate a retreat back to mid point, then maybe the lower boundary\u201d<\/p>\n<\/blockquote>\n<p>Taken together, Brandt\u2019s posts point to caution, not a permanent <a href=\"http:\/\/www.bitcoin.com\/get-started\/bull-market-vs-bear-market\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bearish<\/a> stance. They highlight near-term downside risk, a possible low later in 2026, and a much larger cycle target for 2029 if <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> continues following historical trading patterns. His latest comments keep attention on whether <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> can hold above the $79,145 level in the sessions ahead.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/bitcoin-bottom-unconfirmed-as-peter-brandt-flags-bear-channel\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Brandt said bitcoin has not completed a recognizable bottom after its latest rebound. Technical resistance near the bear channel keeps attention on the $79,145 trigger. Additional downside pressure could shift focus toward the channel midpoint, then its lower boundary. Bitcoin Recovery Faces Pressure Inside Bear Channel [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":72490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72489"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72489"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72489\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72490"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}