Bitcoin's Critical Moment: Brandt Predicts Feb. 24-26 Breakout

Bitcoin's price has been oscillating within a consolidation phase, with veteran trader Peter Brandt identifying a critical period between Feb. 24 and 26 that could determine the next major move in the asset's price. Brandt's analysis, based on a symmetrical chart pattern, suggests that Bitcoin is preparing for a breakout in either direction.

Brandt's chart shows three clear peaks and four lows, forming a predictable pattern. He expects the period around Feb. 24 to 26 to be a decisive moment when Bitcoin could either break above resistance or fall below support. However, the analyst chose not to favor any direction, whether upward or downward.

Data from Brandt's chart indicates some bullish and bearish cases for Bitcoin. On the bullish part, Bitcoin has held above support multiple times, showing strength in the current range. A sustainable breakout above the $106,000 resistance could trigger a strong rally toward new highs. Meanwhile, for the bearish case, Bitcoin has failed to break the resistance at $106,000 multiple times, signaling possible exhaustion. If Bitcoin falls below $90,500, it could result in a sharp sell-off.

Amid the ongoing consolidation, several prominent analysts have shared their perspectives on Bitcoin's price action and potential breakout scenarios. Crypto analyst Miles Deutscher noted that Bitcoin's 30-day realized volatility is now lower than it was during most of last summer. He suggests that the market is waiting for a significant event to push Bitcoin out of its current phase.

Trader Don Alt has expressed a bullish outlook, emphasizing that $99,000 to $101,000 is the last major resistance before Bitcoin enters price discovery. He pointed out that it only takes a few strong daily candles to shift the sentiment in Bitcoin's favor. If Bitcoin successfully breaks this resistance, Don Alt expects a strong upward move toward new all-time highs.

Notable analyst Cas Abbé believes Bitcoin is in a Wyckoff Distribution phase, which historically precedes a temporary peak before further market fluctuations. His projection places Bitcoin's short-term target at $120,000, potentially marking a local top before another consolidation phase. He predicts Bitcoin will experience choppy price action for four to six months, with a final blow-off top in Q4 2025.