Bitcoin’s Recovery Proves Brandt’s Price Target Correct

Brandt issued his bearish outlook in January when Bitcoin traded near $92,400. While the anticipated decline took months rather than days, the asset eventually hit an intraday low of approximately $57,717 on July 1. This successful hit to the forecast range demonstrates that while the timing proved overly optimistic, the structural analysis of the price floor remained accurate.

Technical shifts prompted Brandt to abandon his bearish stance once an inverse head-and-shoulders pattern completed. He confirmed he bought the breakout, shifting his strategy as market conditions evolved. This volatility was fueled by a surge in short liquidations and consistent demand for U.S. spot Bitcoin ETFs, which absorbed $1.92 billion over five sessions. Macro factors further supported the rally, as the U.S. Treasury announced plans to double long-dated buybacks to $4 billion per operation starting September 9, effectively weakening the dollar and boosting demand for scarce assets.