Veteran market watcher Peter Brandt highlighted a broadening formation that he believes may be steering the . He said the rise toward approximately $94,000 may have tested the upper boundary of the pattern. The structure, in his view, favors a rotation lower rather than a breakout.
Brandt identified $80,200 as a key support level. He also pointed to a deeper marker near $58,800 if selling pressure intensifies. Those levels remain well below the current price, but they reflect the downside risk he monitors.
Another technical perspective stressed the importance of reclaiming and holding the $89,000 area. Analyst Titan of Crypto said failure to stabilize above that zone could open room toward about $83,900. The market has not revisited that support since early in the month.