TLDR
- Veteran trader Peter Brandt identified a possible inverted head and shoulders pattern on Bitcoin’s chart.
- However, Brandt described the formation as highly unconventional and said confirmation remains premature.
- Meanwhile, Bitcoin’s 12% recovery stalled near $65,000 after starting below the $58,000 level.
- BlackRock CEO Larry Fink said a major market shakeout removed excessive leverage and improved market stability.
- In contrast, NYDIG projected a possible cycle low between $38,000 and $39,000 based on historical corrections.
Bitcoin has regained ground after a steep decline, while Peter Brandt has identified a possible Bitcoin bottom pattern. His chart shows an unconventional inverted head and shoulders formation developing near recent lows. However, Brandt said the setup remains unconfirmed and needs further price action.
Brandt Identifies an Unusual Technical Setup
Brandt shared his analysis on X and highlighted a potential Bitcoin bottom structure. The veteran trader described the formation as an inverted head and shoulders pattern. Such patterns can signal improving momentum after sellers lose control.
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
However, Brandt called the setup “very, very unconventional” and stressed that confirmation remains premature. His assessment focused on the chart’s developing shape rather than a confirmed reversal. Therefore, the possible Bitcoin bottom still depends on stronger technical validation.
Bitcoin recently rebounded about 12% from a swing low below $58,000. Weekly relative strength readings also showed a bullish divergence during that recovery. Yet, the rally stalled near $65,000 and limited confirmation of a Bitcoin bottom.
Fink Sees Greater Stability After Market Shakeout
BlackRock CEO Larry Fink also addressed Bitcoin’s changing market structure during a CNBC interview. He said earlier concerns centered on excessive leverage across the crypto sector. Fink now believes a major market shakeout removed many speculative positions.
His comments suggested that reduced leverage may support a more stable trading environment. That shift could influence whether the current rebound develops into a durable Bitcoin bottom. Still, Fink did not provide a specific Bitcoin price target.
Fink also expressed optimism about broader financial markets during the next 12 months. His outlook covered market conditions beyond Bitcoin and other digital assets. Meanwhile, Bitcoin must sustain higher levels before analysts can confirm a Bitcoin bottom.
NYDIG Keeps Lower Cycle Targets in View
NYDIG offered a more restrained assessment based on earlier four-year market cycles. The firm compared the 2025–2026 decline with corrections from 2014, 2018, and 2022. Those comparisons indicate the Bitcoin bottom may remain lower if history repeats.
Bitcoin has fallen nearly 50% from its October 2025 record near $126,000. NYDIG said comparable declines could place a later cycle low near $38,000 or $39,000. That projection conflicts with signs supporting a nearer Bitcoin bottom.
Bitcoin now trades below major long-term resistance despite its recent recovery. Ethereum and Chainlink are already testing descending resistance areas, while Bitcoin remains farther away.