Following a downward shock in the cryptocurrency market, renowned market expert Peter Brandt has identified potential for renewed bullish momentum in Bitcoin, Ethereum, XRP, and XLM. Sharing his insights through charts on his social media account, Brandt emphasized that the main trend in Bitcoin remains intact, asserting that “the bull is still alive” and indicating that the cycle is far from over. His analyses came in the wake of the U.S. announcing a 100% tariff on Chinese imports, which led to Bitcoin falling to $104,000—prompting attention towards Brandt’s notable insights.
Brandt’s Latest Bitcoin Commentary
Earlier, Brandt mentioned the potential for a peak during the September-October period based on his four-year cycle analysis. Yet, in his recent post, he pointed out that the primary bullish trend has not been disrupted. Reinforcing the statement “Bitcoin bull is still alive,” Brandt highlighted that the price movement is a downward trend within an overall uptrend.
The sharp decline in Bitcoin and altcoins was triggered by Washington’s new trade measures against Beijing. The 100% tariffs announced by Trump on October 10-11, set to take effect on November 1, drastically reduced risk appetite and led to significant sell‑offs in cryptocurrencies. Bitcoin swiftly dropped from the $116,000‑$117,000 range to $104,000, erasing all of October’s gains following the October 6 peak of $126,200.
Anticipated Upsurge for ETH, XRP, and XLM
Meanwhile, Brandt expressed optimism for Ethereum, suggesting it is “ready to rock and roll,” hinting at a breakout following consolidation. He implied that the short‑term horizontal trend could favor the continuation of the broader upward trend.
For XRP, Brandt had earlier highlighted a bearish scenario for the September‑October period, suggesting that breaking the triangle formation might lead to levels around $2.2. Following the recent dip, a newly shared chart indicates the potential reclaiming of the psychological $3 level as prices approach this zone.
As for XLM, it is dubbed as the “bull waking from its slumber.” Brandt’s previous analyses ranked this altcoin stronger than some major ones. His new chart suggests that if the rise gains momentum again, the target range of $0.60 remains plausible.