- Brandt estimates that the price of Bitcoin is not yet out of the woods unless it closes regularly above $ 88,000.
- The Haussier feeling of the United States has coincided with the increase in the accumulation of whales in the midst of diplomatic solutions provided for the current tariff wars.
Bitcoin (BTC) Price teased above $ 86,000 for the first time on Tuesday in the New York session, since President Donald Trump announced reciprocal rates earlier this month. The flagship piece reached a daily top of around $ 86,429 before trace SFP around $ 85.6 when writing this article.
The meeting of American president Donald Trump and the president of El Salvador, Nayib Bukele, sparked a bullish feeling for the wider market of cryptography. In addition, the Trump administration is actively looking for means to finance its Bitcoin strategic reservations, some specifying in terms of prices.
The Bitcoin Prize regains the trust of the whale
While the price of gold continues to point out the market force in the middle of the drop in the VIX S&P 500 (VIX) volatility index, the adoption of Bitcoin by whale investors has gained more ground. According to Glassnode market data, the number of Bitcoin addresses now between 1K and 10K parts went from 1,944 on March 5 to 2,014 at the time of writing this article.
The last time the Bitcoin whales accumulated at this level was in April 2024, which led to a major optimistic outcry in the following weeks.
Ideas and analysis of experts
For the first time since January 2025, Bitcoin Price, against the US dollar, invalidated the daily trend of the logarithmic fall. Consequently, the wider cryptography market experienced a bullish feeling, directed by Solana (soil) and Ripple Labs XRP.
However, Peter Brandt, a veteran trader, has further rejected the reversal of Bitcoin prices.
“A trend line violation does not mean a transition from the $ BTC trend. Sorry,” said Brandt.
According to Brandt, Bitcoin Price must constantly close above $ 88,000 to confirm a successful reversal of the market correction of the year.
Meanwhile, Brandt remains a supporter of the combination of Haussiers inversion models – including double bottom, reverse head and shoulders – with trend lines to predict the market.
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