Senior trader Peter Brandt pointed out that the four-hour chart of Bitcoin shows a sustained head and shoulders pattern, which he called 'very reliable.' Currently, Bitcoin is consolidating between resistance at $93,000 to $94,000 and support near $85,000. The price briefly broke above $90,000, reaching a weekly high, but failed to hold, and is currently trading around $89,956. Brandt's analysis focuses on whether Bitcoin can return to the midpoint of the range to challenge the overhead resistance.