The market established after the downward shock in the cryptocurrency market Peter Brandt,Bitcoin 
$111,822.89Ethereum with 
$3,836.17opened the bullish flag again for XRP and XLM. X Emphasizing that the main trend in Bitcoin is maintained in the charts he shared on his account, Brandt claimed that the cycle is not over by saying “The bull is still alive.” The market wolf’s remarkable analysis came after Donald Trump announced a 100 percent tariff on China on October 10, when the largest cryptocurrency fell to $ 104,000.
Brandt’s Latest Bitcoin Comment
Brandt had previously expressed the possibility of a peak in the September-October period based on four-year cycle analysis. Still, in his last post, he stated that the main upward trend was intact. “Bitcoin He emphasized that the price movement was an in-trend decline with the message “The bull is still alive.”
Bitcoin and altcoinThe trigger for the sharp decline that shook the ‘s was Washington’s new trade measures against Beijing. The 100 percent customs duty and software export restrictions announced by Trump on October 10-11, which will come into force on November 1, sharply reduced risk appetite and led to deep sales in cryptocurrencies. Bitcoin fell from a range of $116,000-$117,000 to the $104,000 region within minutes. The decline wiped out all gains in October, following the historic peak of $126,200 on October 6.
Expresses Bullish Expectation for ETH, XRP and XLM
On the other hand, Brandt Ethereum He highlighted his expectation of a breakout after consolidation with the expression “ready for rock and roll”. He implied that the short-term horizontalization in the technical outlook could be read in favor of the continuation of the trend.
XRP Brandt, who shared a decline scenario for the September-October period on the side, said that it was possible to drop to around 2.2 dollars by breaking the triangle formation. He shared an updated chart showing that the psychological 3 dollars can be regained after the price approaches this region in the last decline.
XLM He compared it to “a bull waking up from sleep”. It is known that Brandt positioned the altcoin stronger than some majors in his previous analyses. In the newly shared chart, it appears that the $0.60 target band is on the table if the rise gains momentum again.
