A reality check for Bitcoin bulls
Some analysts are calling $250,000 BTC in 2026. But veteran trader Peter Brandt disagrees, and his reasoning is grounded in classical chart analysis.
Bitcoin is currently trading inside a channel pattern. A channel does NOT confirm a bullish bottom. It simply means price is moving between two parallel trendlines, with no clear breakout signal yet.
This does not mean Bitcoin cannot go higher. It means the chart structure does not support extreme price targets right now.
Smart traders follow the chart, not the hype.
What does the BTC chart tell you? Share your analysis below.
BTC
80,809.54
+0.78%