No, BTC Is Not Forming Massive Bullish Pattern, Brandt Says
Analysis
Price Impact
MedVeteran chartist peter brandt debunked a widely shared 'massive bullish inverse head and shoulders' pattern for bitcoin. while he didn't predict a price crash, removing a significant bullish narrative could temper overly optimistic market sentiment based on flawed technical analysis.
Trustworthiness
HighPeter brandt is a highly respected and experienced commodity trader and classical chartist with decades of experience, lending significant credibility to his technical analysis.
Price Direction
NeutralBrandt's analysis is neutral on immediate price direction, stating 'bitcoin may go up' but strongly refutes the presence of a specific 'massive bullish pattern.' this cautions against relying on a potentially misleading bullish indicator without explicitly forecasting a downturn.
Time Effect
LongBrandt's critique is focused on a 'multi-year' or '6-year' pattern, suggesting that his analysis impacts long-term technical interpretations and trader strategies rather than short-term price movements.
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Cover image via U.Today Read U.TODAY on Google News Veteran commodity trader and chartist Peter Brandt has poured cold water on a viral bullish theory circulating on social media, warning traders that the "massive" reversal pattern they are hoping for does not actually exist. Advertisement Bitcoin may go up But this is NOT an inverse H&S The level of incompetence about classical charting principles on X and YouTube is unbelievable https://t.co/VBT1QTWOeZ?from=article-links — Peter Brandt (@PeterLBrandt) February 17, 2026 Brandt stopped short of predicting a price crash, but he took aim at the technical analysis skills of crypto influencers, specifically debunking the claim that Bitcoin is forming a multi-year "inverse head and shoulders" pattern. HOT Stories Morning Crypto Report: XRP Not Ready for $1.50: Bollinger Bands, Cardano Foundation Votes 'Yes' on 500,000 ADA Withdrawal, Kiyosaki Details 'Rich Dad' Bitcoin Strategy Ripple CEO Sees Major Legal Victory Likely This Spring The viral "6-year" theory The rebuke was directed at a post by crypto analyst Coinvo Trading, which claimed that Bitcoin was on the verge of completing a massive bullish structure that has been building for half a decade. Advertisement The post urged traders to ignore "bearish noise," predicting that Bitcoin could "bottom at any moment" and launch into a cycle-defining pump. The inverse head and shoulders is a classic technical setup that typically signals the end of a downtrend and the start of a new bullish phase. Brandt, a classical chartist with decades of experience, was quick to dismiss the analysis. Advertisement "Bitcoin may go up," Brandt conceded. "But this is NOT an inverse H&S." Brandt went on to express frustration with the loose interpretations of technical analysis often seen on social media platforms. "The level of incompetence about classical charting principles on X and YouTube is unbelievable," he stated. A "6-year" pattern often violates the time constraints typically associated with a head and shoulders formation, which is usually a medium-term reversal structure rather than a decade-long cycle map. #Peter Brandt #Bitcoin Price Prediction