After a sharp downturn in the cryptocurrency market, veteran trader and analyst Peter Brandt has suggested that a renewed bullish phase may be underway for Bitcoin, Ethereum, XRP, and XLM. Sharing his latest technical charts on social media, Brandt stressed that Bitcoin’s primary uptrend remains intact, asserting that “the bull is still alive” and the broader cycle is far from over. His comments followed the announcement of a 100% tariff by the U.S. on Chinese imports a policy move that briefly pushed Bitcoin down to $104,000, drawing renewed attention to his market insights.
Brandt, known for his long-term cycle analysis, had previously predicted a potential peak between September and October. However, he now emphasizes that the current pullback represents a temporary correction within an ongoing bull market. The steep drop in Bitcoin and altcoins was triggered by new U.S. trade measures against China, announced by Donald Trump on October 10–11, set to take effect on November 1. The news sparked a risk-off sentiment, driving heavy crypto sell-offs and erasing October’s gains, as Bitcoin fell from around $116,000 to $104,000 after reaching $126,200 earlier in the month.
Looking beyond Bitcoin, Brandt also expressed optimism for Ethereum, suggesting it is “ready to rock and roll” hinting at a breakout following a period of consolidation. For XRP, he had earlier forecast a potential drop toward $2.2, but now sees room for recovery toward the key $3 psychological level. Meanwhile, Brandt described XLM as a “bull waking from its sleep,” noting that it continues to show relative strength. His latest chart indicates that if momentum returns, XLM could plausibly climb toward the $0.60 range.
In summary, Brandt’s analysis portrays the recent crypto market pullback as a temporary pause rather than the end of the bull cycle, with strong rebound potential across major assets.