Warning from Peter Brandt to be careful! "The rise in Bitcoin is not guaranteed yet, it should not fall below this level!"

Bitcoin set a new record last night after a long time. As discussions of a rally increase with the new ATH, experienced analyst Peter Brandt warned investors.

50-year analyst Peter Brandt stated that while he expects a long-term rise in Bitcoin, the increase is not yet guaranteed.

At this point, Brandt emphasized that 107 thousand dollars is very critical, warning that a drop below 107 thousand dollars could completely change the scenario for BTC.

The analyst warned that a collapse could occur if the support level of 107 thousand dollars fails.

Although the recent rise in Bitcoin is encouraging, Brandt stated that there is an expanding reverse triangle on the BTC chart and that 107 thousand dollars is critical.

“There is nothing special in the Bitcoin chart. An expanding inverse triangle has a higher rate of decline compared to a horizontal flag formation.”

I am still in a long position on Bitcoin. However, a drop below 107,000 could invalidate the upward trend.

The expanding inverted triangle is a formation where price fluctuations gradually widen to form megaphone-shaped rising peaks and falling troughs. It is generally considered a bearish trend, indicating market instability and can lead to a collapse.

There is nothing special about this chart. An expanding inverted triangle has a higher rate of morphing or mortality than a pattern such a horizontal pennant. Nevertheless I am long BTC. A decline below 107000 would suggest morphology $BTC pic.twitter.com/TsfmT4mQud

— Peter Brandt (@PeterLBrandt) July 9, 2025