ChainCatcher news, senior trader Peter Brandt posted on X that the BTC chart is forming a classic H&S (Head and Shoulders) top pattern. The BTC H&S pattern may have the following three developments:Complete and trend towards the target levelFail due to a bear trapTransform into a larger patternHe later added, "I am just pointing out the pattern that seems to be forming. They often morph or fail, and sometimes they work. My win rate is slightly above 50%, so that indicates that many of the patterns I trade do not work. For me, chart patterns are just that, not opinions or positions."

ChainCatcher news, according to trader Peter Brandt on social media, the flag pattern should be completed within six weeks; otherwise, it will be difficult to influence the subsequent trend. The flag pattern of $XRP needs to be completed as soon as possible, or it may transform into other indeterminate patterns. Once it is completed, a total market capitalization of $XRP reaching 500 billion dollars is possible.

ChainCatcher news, according to Bitcoin.com, renowned trader and chart analyst Peter Brandt has warned Bitcoin investors that market trends indicate potential downside risks.He pointed out that Bitcoin has not reached a new high for 30 consecutive weeks, and historically, similar situations have often led to price declines of over 75%. Brandt remains optimistic, predicting that by August or September 2025, the price of Bitcoin will reach $135,000, but he also warns that if Bitcoin falls below $48,000, his analysis will become invalid, and the market will need to be reassessed.Brandt also emphasized that Bitcoin's upward momentum often occurs in the latter half of the four-year halving cycle.

ChainCatcher news, renowned trader Peter Brandt recently stated in his blog post that Bitcoin may have peaked at a new all-time high of $73,835. He anticipates that Bitcoin will pull back to a medium level of $30,000 or even to the lows of 2021. Peter attributes this expected correction to a phenomenon known as exponential decay, which he believes will affect the recently set new all-time high of $73,835 for the cryptocurrency. In the long run, such a decline could be "the most favorable thing."