Bitcoin Forecast from Beloved Analyst Expert with 50 Years of Experience Peter Brandt: 'This is Necessary to Reach the $76,000 Mark'

cryptonews.ruPubblicato 2026-08-19Pubblicato ultima volta 2026-08-19

Introduzione

As Bitcoin recovers, technical analysts are highlighting the $66,600 level as a key resistance point for the continuation of its upward trend. Technical analyst Tech Charts' Axel Kibar notes that since hitting June lows, Bitcoin has been forming a bullish "inverse head and shoulders" pattern on the daily chart. Kibar stated that the resistance level of this pattern lies around $66,600. He added that a decisive breakout and sustained hold above this level would confirm the pattern, potentially setting a technical price target of $76,000. In technical analysis, this pattern is generally viewed as a reversal signal, suggesting a downtrend may be ending and a new uptrend beginning. The target is typically calculated by adding the distance from the pattern's head to its neckline to the breakout level. This structure forming since early June could strengthen expectations that a bottom is being established following Bitcoin's decline from its approximate $126,000 peak in October of last year. For market participants, the crucial level in the near term remains $66,600. A successful breach that turns this resistance into support would bolster the technical outlook toward the $76,000 target. Conversely, failure to break through could delay confirmation of the trend formation.

As the price of Bitcoin recovers, technical analysts highlight the $66,600 level as a key factor for the continuation of the upward trend. According to technical analyst Tech Charts Axel Kibara, since reaching the June lows, Bitcoin has been forming an 'inverse head and shoulders' pattern on the daily chart, which is considered a bullish signal.

Kibara stated that the resistance level of the pattern in question is around the $66,600 mark. He added that if Bitcoin strongly breaks through this level and sustains above it, the pattern will be confirmed, and the technical target could rise to $76,000.

In technical analysis, the inverse 'head and shoulders' pattern is generally considered a reversal pattern, indicating that a downtrend may be nearing its end and a potential uptrend may be beginning. The target price is usually calculated by adding the distance between the head line and the neckline of the pattern to the breakout level.

The current structure forming since early June may reinforce expectations of a possible bottom being reached in Bitcoin's decline, which started after it peaked at around $126,000 in October last year.

For market participants, the most important level in the upcoming period will be $66,600. If Bitcoin breaks through this resistance and turns it into support, a strengthening of the technical outlook is expected, and the $76,000 target will come into play. Conversely, failure to overcome this level could delay confirmation of trend formation.

*This is not investment advice.

Domande pertinenti

QAccording to analyst Axel Kibar, what is the key resistance level Bitcoin needs to overcome to confirm a bullish pattern?

AAccording to analyst Axel Kibar, the key resistance level Bitcoin needs to overcome is $66,600.

QWhat bullish chart pattern is Bitcoin reportedly forming on its daily chart since the June lows?

ABitcoin is reportedly forming an 'inverse head and shoulders' pattern on its daily chart since the June lows.

QIf Bitcoin breaks and holds above $66,600, what is the stated technical price target mentioned in the article?

AIf Bitcoin breaks and holds above $66,600, the stated technical price target is $76,000.

QWhat does an 'inverse head and shoulders' pattern typically signal in technical analysis?

AIn technical analysis, an 'inverse head and shoulders' pattern is typically considered a reversal pattern, signaling that a downtrend may be nearing its end and a potential uptrend may be beginning.

QWhat was the approximate peak price of Bitcoin mentioned in the article from October of last year?

AThe approximate peak price of Bitcoin mentioned from October of last year was $126,000.

Letture associate

Latest: Korean QFI Has Bought Changxin Technology

Latest Data Shows Korean QFI Has Purchased Changxin Technology According to data from SEIBro (under Korea Securities Depository, KSD), Korean investors, acting as Qualified Foreign Investors (QFI), have been actively purchasing shares of Changxin Technology (stock code 688825), a company recently listed on China's Sci-Tech Innovation Board (STAR Market). Over the past month until August 18, they made a net purchase of this stock worth approximately $45.32 million (around CNY 307 million), making it the top A-share by net purchase volume for Korean investors during that period. This activity has significantly boosted overall Korean net buying in A-shares. As Changxin Technology is not yet included in the Stock Connect schemes, QFI is currently the only channel for overseas investors like these Koreans to access its shares. SEIBro data indicates Korean buying began as early as July 28, the stock's second trading day. The stock appeared in Korean investor purchase lists using a temporary virtual ISIN code in settlement instructions, as its official international code had not yet been assigned. The listing has garnered significant international attention. On its first trading day (July 27), the actively managed U.S. ETF Tema Memory ETF (DISK) swiftly added Changxin Technology to its portfolio, giving it a substantial 10.56% weighting. Another active ETF, Roundhill Memory ETF (DRAM), also quickly included the stock. Furthermore, global index provider MSCI has added Changxin Technology to its MSCI China All Shares Index, prompting passive fund inflows. Analysts highlight Changxin Technology's unique position to serve China's rapidly growing AI ecosystem amid a global semiconductor memory supply shortage driven by AI demand. Besides Changxin Technology, other A-shares heavily bought by Korean investors recently include Weichai Power, Demingli, Changdian Technology, and CSOP China STAR Chip ETF.

marsbit25 min fa

Latest: Korean QFI Has Bought Changxin Technology

marsbit25 min fa

China Pinches the Vital Point of CPO

The article "China Grips the Achilles' Heel of CPO" details how China holds a strategic position in the global indium phosphide (InP) supply chain, a critical material for high-speed optical modules and CPO (Co-Packaged Optics) technology used in AI data centers. China controls over 70% of global indium reserves and produces more than half of the world's primary indium, primarily as a by-product of zinc/tin smelting. It further refines 70-80% of the globe's refined indium. This upstream dominance is compounded by the fact that key InP wafer producer AXT operates its primary production through its Chinese subsidiary, Beijing Tongmei. Adding to this leverage are China's export controls, first on InP products and later extending to high-purity indium (6N+ grade). These restrictions have created supply bottlenecks and uncertainty, straining foreign manufacturers like Japan's Sumitomo and Dowa, who rely heavily on Chinese materials. The resulting shortage has led to intense demand, with industry figures like Lumentum's CEO warning of severe constraints and companies like Coherent seeking direct assurances from China. This situation benefits Chinese InP supply chain companies. Firms like Yunnan Chihong Zinc & Germanium (a leading domestic InP wafer producer) and Zhuzhou Keneng (high-purity indium) report surging domestic revenues and orders. They are also making progress in high-end product validation and capacity expansion. However, challenges remain, including lengthy customer qualification cycles and a significant capacity gap compared to foreign leaders. The article frames the current AI-driven demand surge as a pivotal moment for China's InP industry. It references a historical lesson where China, despite controlling indium resources, once ceded value-add and pricing power to Japanese processors. The current scenario is seen as an opportunity to leverage upstream resource control to develop advanced manufacturing capabilities and secure greater influence in the global semiconductor materials market.

marsbit35 min fa

marsbit35 min fa

Tom Li Suggests Managing Robots Through Smart Contracts

Tom Lee, Chairman of BitMine, advocates for using Ethereum blockchain and smart contracts to verify and control the actions of AI-powered robots, especially as their physical capabilities begin to surpass human limits. He cites a new Chinese humanoid robot as an example. Lee sees no threat in recent Stanford research showing AI models converging toward a "single intelligence," arguing this trend increases blockchain's relevance for ensuring transparency and control. He agrees with BlackRock's view on the growing convergence of AI and crypto but believes Ethereum will be the primary platform for AI and robotics. Lee notes the rising ETH/BTC ratio, expecting new catalysts from asset tokenization by major US financial firms and the development of AI agents. This contrasts with Ethereum co-founder Vitalik Buterin's previously expressed concerns about uncontrolled advanced AI.

cryptonews.ru1 h fa

Tom Li Suggests Managing Robots Through Smart Contracts

cryptonews.ru1 h fa

Cash App Adds XRP, SOL, and ETH via Moonpay for 59 Million Users

Cash App has integrated Cash App Pay into the MoonPay system, allowing eligible U.S. users to purchase XRP, Solana (SOL), Ether (ETH), and USDT directly from their Cash App balance. This integration is notable as Block, Cash App's parent company, has never directly listed these tokens within its own app; MoonPay handles the purchases and can send the assets to a user's external wallet of choice. This move effectively provides Cash App's 59 million active users access to a broader range of cryptocurrencies without the app needing to build its own listing and custody infrastructure for each asset. Cash App Pay becomes the third major payment method on MoonPay, joining PayPal and Venmo. After purchase, tokens can be sent to various external wallets, including Trust Wallet, MetaMask, and Ledger. MoonPay's co-founder noted the integration is a market expansion, giving tens of millions of users instant access to the digital asset ecosystem from a trusted app they already use. The integration also marks another step in expanding XRP's presence in mainstream financial apps in 2026, following earlier additions to platforms like SoFi and Rakuten Wallet. This development occurs after Block faced regulatory scrutiny, including a $40 million fine from New York regulators for past shortcomings in transaction monitoring within Cash App.

cryptonews.ru1 h fa

Cash App Adds XRP, SOL, and ETH via Moonpay for 59 Million Users

cryptonews.ru1 h fa

Russian Suspected of Stealing Cryptocurrency from Cold Wallet Worth Almost 10 Million Rubles

Russian authorities are investigating a suspect accused of stealing nearly 10 million rubles worth of cryptocurrency from a cold wallet. According to investigators, the wallet belonged to an unnamed commercial company executive's assistant. In March, the suspect allegedly gained access to the victim's wallet by "an unidentified method" and transferred the digital assets to another address. During a search of the suspect's home, police seized three computers and three mobile phones for forensic examination, as they may contain important digital evidence. The case is being investigated as grand larceny under the Russian Criminal Code, carrying a potential sentence of up to ten years in prison. Police are also checking the suspect's possible involvement in other cryptocurrency thefts and identifying potential accomplices. The article notes that while cold wallets (hardware wallets storing private keys offline) are considered more secure against remote hacking, they remain vulnerable if a perpetrator gains physical or direct access to the keys. In a related case earlier in June, a court in Tomsk sentenced two men to 8 and 9.5 years in a strict-regime colony for a robbery and cryptocurrency theft. They forced an acquaintance at knifepoint to log into a crypto exchange account and transfer over 85 bitcoins, valued at approximately $5.1 million at the time.

cryptonews.ru1 h fa

Russian Suspected of Stealing Cryptocurrency from Cold Wallet Worth Almost 10 Million Rubles

cryptonews.ru1 h fa

Trading

Spot