<ul data-eligibleForWebStory="false"><li>Veteran trader Peter Brandt is bullish on Bitcoin's price, suggesting that it could surge further following a breakout from an expanding inverted triangle forming on the daily timeframe.</li><li>Brandt's current price target for Bitcoin is $120,956, representing a 9% increase from the current price, with a further upside potential to $134,886.</li><li>However, Brandt also issues a cautionary warning, highlighting the higher mortality rate of the expanding inverted pattern and stating that a drop to $107,000 could invalidate the bullish outlook, signaling potential bearish momentum.</li><li>Brandt's cautious approach stems from his analysis of the market, emphasizing the importance of staying vigilant as Bitcoin's price dynamics evolve.</li></ul>

Peter Brandt Is Long On Bitcoin but Says Bullish Momentum Depends on This Price Level

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