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Crypto Market Bounces Back as Veteran Trader Peter Brandt Reaffirms Bullish Outlook

Crypto Market Bounces Back as Veteran Trader Peter Brandt Reaffirms Bullish Outlook

  • Bitcoin rebounds strongly as Peter Brandt confirms the bull trend.
  • XRP, Ethereum, and Stellar show renewed momentum despite heavy volatility.
  • Market structure remains intact as traders eye key resistance zones.

The cryptocurrency market has endured one of its toughest weeks in four years, yet confidence among key traders remains firm. Despite U.S. tariffs on Chinese exports sending Bitcoin tumbling to $100,600, the leading digital asset quickly recovered above $111,000, signaling resilience amid heavy volatility.


Over $16 billion in liquidations swept through derivatives markets, but market veteran Peter Brandt maintains that the broader cycle remains intact.


According to Brandt, the recent correction is not the end of the bullish trend. He shared his analysis of Bitcoin, XRP, Ethereum, and Stellar, suggesting that all four major cryptocurrencies are still positioned for upward movement.


Bitcoin, which closed the week at $112,011, continues to hold above the critical zone between $109,000 and $110,000. Brandt emphasized that staying above this range keeps the long-term structure healthy. The next technical hurdles lie around the simple moving average at $113,897 and resistance between $123,000 and $126,000.


Also Read: US Senate Advances GAIN Act to Prioritize Domestic AI Chip Supply


XRP and Ethereum Hold Steady as Bulls Regain Ground

XRP currently trades at $2.46 after a sharp pullback that Brandt described as a “minor reaction.” The veteran chartist believes the breakout from last year’s wedge remains valid, with support forming at $1.79. If the momentum sustains, the next major targets could be between $3.00 and $3.50. This outlook has reignited optimism across the XRP community, which largely held firm despite the token’s 50% decline earlier in the week.


Ethereum is also showing renewed strength. Brandt noted that ETH appears “ready to rock and roll,” with solid support around $3,072 and resistance between $4,700 and $4,800. A clear break above this zone would mark the end of a long consolidation phase that has lasted since 2021. Traders see this as a potential trigger for a stronger rally.


Meanwhile, Stellar (XLM) trades near $0.33, and Brandt described it as “a bull waking from a nap.” The key level to watch remains $0.25 on the downside, while resistance near $0.60 could open the door to broader market gains if broken decisively.


Market Outlook Remains Positive Despite Tariff Shock


Despite the economic pressure created by new tariffs, Brandt’s analysis suggests that the main bullish structures for Bitcoin, XRP, Ethereum, and Stellar are still unbroken. The broader crypto market remains cautious, but underlying technical patterns indicate that the bull market could still be alive.


As long as Bitcoin holds its current support levels, confidence across major altcoins may continue to build in the coming weeks.


Also Read: Bitcoin Price Prediction for October 13: Bulls Defend $110,000 as Institutional Buyers Return