Larry

Trader

BlackRock

<h3 id="what-to-know">What to Know:</h3>
<ul>
 <li>Veteran trader Peter Brandt identified a potential Bitcoin bottom pattern while stressing that confirmation remains necessary before signaling reversal strength.</li>
 <li>BlackRock CEO Larry Fink said market stability has improved following reduced leverage while expressing optimism for broader financial conditions.</li>
 <li>NYDIG warned that Bitcoin could revisit the $38,000 to $39,000 range if historical bear market cycles remain consistent with previous corrections.</li>
</ul>
&nbsp; 
Veteran trader Peter Brandt has identified a chart pattern that could signal Bitcoin is building a market bottom. <a href="https://x.com/PeterLBrandt/status/2077522918360433129" rel="noopener noreferrer nofollow">In a post on X</a>, Brandt noted that Bitcoin may be forming an inverted head and shoulders pattern, although he stressed that the structure remains unconfirmed and requires additional price action before signaling a bullish reversal. 
Brandt described the formation as “very, very unconventional,” urging traders to avoid treating it as a completed pattern. Nevertheless, the setup has attracted attention because inverted head and shoulders formations often precede trend reversals after prolonged declines. Consequently, market participants are watching whether Bitcoin can maintain its recent recovery and validate the pattern. 
Bitcoin recently rebounded about 12% from a swing low below $58,000 before meeting resistance near the $65,000 level. Moreover, the recovery was supported by a bullish divergence on the weekly Relative Strength Index, suggesting buying momentum strengthened after months of selling pressure. Even so, the cryptocurrency remains nearly 50% below its October 2025 record high of around $126,000. 
Also Read: <a href="https://36crypto.com/crypto-market-update-as-ethereum-xrp-lead-gains-while-solana-and-dogecoin-slip/" rel="noopener noreferrer nofollow">Crypto Market Update as Ethereum, XRP Lead Gains While Solana and Dogecoin Slip</a> 
<h2 id="strong-institutional-outlook-remains-divided-on-bitcoin-s-direction-strong">Institutional Outlook Remains Divided on Bitcoin’s Direction</h2>
Brandt’s technical assessment comes as institutional investors present different expectations for Bitcoin’s next move. Speaking to CNBC, BlackRock CEO Larry Fink said he has become more comfortable with Bitcoin’s market structure after excessive leverage was removed through a major market shakeout. 
Additionally, Fink said the cryptocurrency market appears more stable than in previous years. He also expressed optimism about broader financial markets over the next 12 months, suggesting that improved conditions could support investor confidence across multiple asset classes. 
<div class="embed-x">
 <blockquote class="twitter-tweet">
 VERY VERY UNCONVENTIONAL, but this chart could have the makings of an inverted H&amp;S bottom. We do NOT know yet. <a href="https://x.com/search?q=%24BTCUSD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTCUSD</a><a href="https://t.co/fDjQgVbGdv" rel="noopener noreferrer nofollow">pic.twitter.com/fDjQgVbGdv</a> 
 — The Factor Report (@PeterLBrandt) <a href="https://x.com/PeterLBrandt/status/2077522918360433129?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 15, 2026</a> 
 </blockquote>
</div>
However, not every market participant believes <a href="https://36crypto.com/bitcoin-could-defy-200000-ceiling-as-new-cycle-signal-emerges-analyst-says/" rel="noopener noreferrer nofollow">Bitcoin</a> has already established its cycle low. NYDIG compared the current correction with Bitcoin’s major downturns in 2014, 2018, and 2022, arguing that the ongoing drawdown still resembles previous four-year market cycles. 
The firm’s assessment suggests that Bitcoin could decline toward the $38,000 to $39,000 range if the current correction follows the same duration and depth as earlier bear markets. Hence, Brandt’s chart pattern will require confirmation before it outweighs broader historical trends. 
Meanwhile, analysts noted that Bitcoin has yet to challenge the long-term descending resistance affecting several major digital assets. By comparison, Ethereum and Chainlink are already testing similar technical barriers, while Bitcoin still has additional room before reaching that stage. 
<h2 id="strong-conclusion-strong">Conclusion</h2>
Bitcoin’s recent recovery has produced technical signals that traders are monitoring closely. Brandt’s chart analysis highlights a possible bottoming pattern, while BlackRock points to stronger market stability. 
At the same time, NYDIG maintains that historical market cycles leave room for additional downside, leaving Bitcoin’s next major move dependent on whether buyers can confirm the emerging technical structure. 
Also Read: <a href="https://36crypto.com/hyperliquid-treasury-firm-hyperion-defi-commits-33-6m-in-hype-to-expand-hyperliquid-institutional-markets/" rel="noopener noreferrer nofollow">Hyperliquid treasury firm Hyperion DeFi Commits $33.6M in HYPE to Expand Hyperliquid Institutional Markets</a> 
The post <a href="https://36crypto.com/legendary-trader-spots-possible-bitcoin-bottom-pattern-as-brandt-flags-key-chart-setup/" rel="noopener noreferrer nofollow">Legendary Trader Spots Possible Bitcoin Bottom Pattern as Brandt Flags Key Chart Setup</a> appeared first on <a href="https://36crypto.com" rel="noopener noreferrer nofollow">36Crypto</a>.

Legendary Trader Spots Possible Bitcoin Bottom Pattern as Brandt Flags Key Chart Setup

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