Peter Brandt spots possible Bitcoin bottom as BTC stalls near $65K
Veteran trader Peter Brandt has identified a possible bottoming structure on Bitcoins chart after the cryptocurrency rebounded from its late-June lows. Brandt stressed that traders still lack enough evidence to confirm the setup. Bitcoin traded near $64,000 on July 16 after failing to hold above $65,000. It has recovered from below $58,000, but questions remain over whether spot demand can support a broader reversal. Brandt flags an unconventional Bitcoin bottom pattern In aJuly 16 post on X, Brandt said Bitcoins chart could be developing an inverted head-and-shoulders bottom. He described the structure as “VERY VERY UNCONVENTIONAL” and added, “We do $NOT know yet.”He presented the formation as an early possibility rather than a confirmed signal. VERY VERY UNCONVENTIONAL, but this chart could have the makings of an inverted H&S bottom. We do $NOT know yet. $BTCUSD pic.twitter.com/fDjQgVbGdv — The Factor Report (@PeterLBrandt) July 15, 2026 An inverted head-and-shoulders pattern includes three price troughs, with the middle decline extending below the surrounding lows. Traders often wait for a break above the neckline before treating the setup as confirmed. Bitcoin has not completed such a move. Bitcoin rebound meets resistance near $65,000 Bitcoin has gained roughly 12% from its recent swing low below $58,000, but the rebound has struggled around