Legendary trader Peter Brandt comments from U.Today


U.Today – (BTC), the largest cryptocurrency by market cap, fell steeply over the weekend, hitting lows of $60,822 before recovering slightly to around $64,438 at press time.

The immediate cause of the market crash was not clear; However, there is speculation that lower liquidity led to lower prices.

In the wake of the market crash, veteran trader Peter Brandt has expressed his opinion and suggested that an “end run” for Bitcoin has been completed. Brandt published a daily chart in which he called BTC’s recent price drop an “end run.”

The word “end run” often refers to an evasive trick or evasive maneuver that bypasses a defense. “End run” is often used in football to describe the ball carrier's attempt to run wide around the end of the line.

In the context of Bitcoin, this could mean that the market has avoided a difficult situation due to the price drop of almost $60,000. The “end run” comment could also indicate the completion of a particular pattern for Bitcoin price movement.

Brandt highlighted a pattern in the BTC chart he presented that appears to resemble a symmetrical triangle pattern, which could provide additional clues.

A symmetrical triangle chart pattern marks a period of consolidation before forcing price to breakout or decline. A break from the lower trendline signals the start of a new downtrend, whereas a breakout from the upper trendline signals the start of a new uptrend.

In the graphic, Brandt referred to the breakdown of this pattern as the “end run.”

Previously, Brandt predicted that Bitcoin's bull market would peak at $200,000 in August or September 2025, revising his original prediction of $120,000.

Brandt's recent comments may suggest that the recent price decline represents a healthy correction within a larger positive trend; This could also indicate a sense of closure and readiness for the next phase of Bitcoin price action.

However, Brandt's statement that the “final run is complete” remains open to interpretation without further details.

This article was originally published on U.Today


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