Legendary Trader Spots Possible Bitcoin Bottom Pattern

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. A potential "inverted H&S" Increased stability Is the bottom not in? Rally stalls at $65,000 Advertisement Market analysts and industry leaders are weighing in on potential future price action. Veteran trader Peter Brandt has recently highlighted a technical development that has caught the attention of market observers. A potential "inverted H&S" Renowned trader Peter Brandt recently shared a chart analysis on social media platform X, noting that Bitcoin's current price action might be forming an "inverted head and shoulders" bottom pattern. HOT Stories Legendary Trader Spots Possible Bitcoin Bottom Pattern Bitcoin (BTC), Ethereum (ETH), XRP and Zcash (ZEC) Price Analysis for July 16: Rapid Injection of Volume VERY VERY UNCONVENTIONAL, but this chart could have the makings of an inverted H&S bottom. We do NOT know yet. $BTCUSD pic.twitter.com/fDjQgVbGdv — The Factor Report (@PeterLBrandt) July 15, 2026 Brandt has cautioned that it is "very, very unconventional" and that it is too early to confirm the pattern; he suggested it could eventually signal a shift in momentum for BTC. Advertisement Increased stability Adding to the market outlook, BlackRock CEO Larry Fink recently indicated a shift in his perspective regarding Bitcoin’s volatility. Speaking to CNBC, Fink noted that he previously held concerns regarding excessive leverage within the crypto market. However, he now believes the market has achieved greater stability following a "major market shakeout" that washed out speculative positions. Advertisement Beyond Bitcoin, Fink expressed strong optimism for the broader financial markets over the coming 12 months. Is the bottom not in? While some see signs of a bottom, other institutional voices suggest caution. NYDIG has pointed out that Bitcoin’s current 2025–2026 drawdown mirrors previous four-year cycle corrections observed in 2014, 2018, and 2022. According to their assessment, if the current market decline continues to follow the duration and depth of these past bear markets, Bitcoin could potentially reach a cycle low in the $38,000–$39,000 range later this year. Bitcoin is currently down nearly 50% from its October 2025 all-time high of approximately $126,000. Rally stalls at $65,000 In the short term, Bitcoin has experienced a recovery, rallying approximately 12% from a sub-$58,000 swing low, a move supported by weekly RSI bullish divergence. However, this upward momentum has recently stalled around the $65,000 level. While some other assets, such as Ethereum and Link, are currently contending with long-term descending resistance levels, analysts note that Bitcoin still has some distance to cover before it encounters similar technical resistance. #Bitcoin Price Prediction