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Peter Brandt: Bitcoin Lacks a Strong Bottom Signal

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Bitcoin news from April 29, 2026, highlights Peter Brandt’s latest Bitcoin chart analysis. The veteran trader noted that Bitcoin remains in a channel pattern, not a bullish reversal. He pointed out that no clear bottom signal has emerged. While higher prices are possible, strong confirmation is lacking. Brandt’s view adds weight to ongoing Bitcoin news discussions among traders.

BlockBeats news, on April 29, renowned trader and chart analyst Peter Brandt, who successfully predicted the 2018 Bitcoin crash, posted a chart yesterday stating that Bitcoin enthusiasts should abandon the notion that the price could reach $250,000 this year.


Brandt believes that the current BTC price movement forms a channel pattern rather than a bullish bottom reversal pattern. While this pattern does not rule out further upside, it lacks strong bottoming signals.

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