Bitcoin's price returned to trade in the red following a five-day rise since the March 9 low of $65,820. The largest cryptocurrency rose to $73,698 on Friday, the top of its recent trading range, before retreating.
In a tweet, veteran trader Peter Brandt highlights a familiar pattern on the Bitcoin chart, which was accompanied by a teaser to his followers, which reads "I pledge allegiance to the..."
I pledge allegiance to the _ _ _ _
Fill in the blanks pic.twitter.com/6C0lfgnGmO
The veteran trader shared a Bitcoin chart that highlighted two channel patterns. The upper channel pattern preceded Bitcoin's drop to a low of $60,000.
The same channel pattern appears to be building, which might target a breakout in either direction, with Brandt presenting this intrigue as a teaser to his followers.
HOT Stories What Moves XRP Price? Ripple CTO Emeritus Breaks Down 3 Factors Crypto Market Review: Shiba Inu (SHIB) Breaks Curse, Ethereum Can Hit $2,500 After This Breakout, XRP's First Attempt to Hit $2
You Might Also Like
Wed, 10/29/2025 - 15:36 Peter Brandt Reveals Possibility for Bitcoin as BTC Price Drops Below $113,000ByTomiwabold Olajide
In a previous X post, Brandt highlighted Bitcoin's "little Banana," a channel pattern whose lower boundary forms a banana-like shape on a logarithmic chart. This might be the lower channel pattern highlighted in Brandt's recent tweet.
"When the little Banana lines up with the Big Banana. We celebrate with Banana Cream Pie," Brandt said, with a BTC chart highlighting this, alongside another chart that indicated a target of $250,000 to $500,000, possibly the "banana cream pie" in the context of the tweet.
Bitcoin price action
Bitcoin climbed to the higher bound of its recent trading range before the largest cryptocurrency pared its gains in response to volatility in the markets.
You Might Also Like
Fri, 03/13/2026 - 16:11 Fidelity: $60K to Act as Floor for Bitcoin (BTC)ByAlex Dovbnya
Bitcoin rose to a high of $73,698 on Friday before cutting that increase by about half. At the time of writing, Bitcoin was down 2.29% in the last 24 hours to $70,740 but up 4.13% weekly. The largest cryptocurrency has traded sideways between $75,000 and $60,000 since early February.
In recent weeks, money has been returning to Bitcoin, after months of selling pushed it to about half the all-time high above $126,000 it reached in October. U.S.-listed spot Bitcoin exchange-traded funds are poised for a third consecutive week of net inflows, the longest streak since July. The funds have drawn more than $1.6 billion in the past month.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
