Veteran trader Peter Brandt draws a line from commodities trading in the 1970s straight to today’s Bitcoin charts. He argues that the same chart patterns he used to trade soybeans nearly 50 years ago remain effective for crypto markets now.
On his social media, Brandt shared a side-by-side comparison of a 1977 soybean chart and a 2025 Bitcoin chart. Both display a broadening top pattern where price swings grow wider as volatility climbs. This pattern looks like a megaphone, signaling increasing disagreement between buyers and sellers. In both cases, highs get higher while lows dip lower, expanding the trading range.
Brandt highlighted that in the soybean market, prices eventually fell below the lower boundary of this formation. He suggests Bitcoin might be on a similar track, hinting at a possible new low in the near future. This analysis shows his belief that time-tested technical tools still apply in the wild world of crypto.
Bitcoin’s price action continues to face pressure amid increasing market uncertainty. Traders and analysts are watching closely to see if classic chart signals will play out as Brandt predicts.
This material is for informational purposes only and does not constitute financial advice.
