TL;DR
- Veteran technical analyst Peter Brandt claims Bitcoin’s recent drop is merely a “retest” within a bullish inverse Head and Shoulders pattern.
- The U.S. tariff reversal announced on April 9 pushed BTC above $82,000, establishing solid support at the $80,000 level.
- Renewed institutional interest through spot ETFs and a regulatory shift in the U.S. may signal a key turning point for the crypto market.
After a week of high volatility, renowned trader Peter Brandt has pointed to an unusual but promising behavior in Bitcoin. As he explained on his official X account (formerly Twitter), the recent dip in BTC is not a bearish breakdown, but rather a reconfirmation of a bullish inverse Head and Shoulders pattern formed back in November 2024. This kind of technical formation often precedes strong rallies, and its structure was only momentarily disrupted by broader macroeconomic uncertainty.
Despite recent fluctuations, Brandt emphasized that the parabolic advance that began in November 2022 is still intact, although it has been violated at least seven times, according to his chart. This doesn’t necessarily indicate a breakdown in trend structure, but rather a healthy correction within a broader upward trajectory that could benefit the bulls in the coming weeks. In fact, several independent crypto analysts have begun suggesting that these types of retests may be early signals of strengthening before a fresh wave of bullish momentum.
Tariffs, ETFs, And Regulation: The New Bullish Trifecta
The U.S. announcement of tariff reversals on April 9 served as an unexpected catalyst for BTC’s price, sending it above $82,000 and establishing technical support around $80,000. This political shift not only eased trade tensions but also reignited investor appetite for alternative assets like Bitcoin, which are increasingly viewed as hedges against economic policy unpredictability.
At the same time, the spot Bitcoin ETF market is regaining attention. Although previous weeks saw capital outflows due to volatility, a steady rebound could lure institutional funds back in. This momentum is further reinforced by changes in the SEC’s approach, which could loosen the regulatory environment for cryptocurrencies in the US.
Bitcoin Repositions Against Traditional Market Assumptions
Unlike previous growth phases, the current rally is not driven solely by retail enthusiasm. Instead, geopolitical, institutional, and technical factors are converging to form a new cycle of accumulation. Although Brandt has not issued a concrete price forecast, his analysis suggests that if the trend holds, BTC may once again surprise the market in a big way and reach unprecedented highs in coming months.
