Bitcoin Faces Key Turning Point as Peter Brandt Highlights Feb. 24-26 Time Frame

Renowned trader Peter Brandt has identified Feb. 24-26 as a crucial period for Bitcoin (BTC), citing internal symmetry in its price chart. Brandt suggests this timeframe could determine BTC’s next major move, adding, "Look for Feb. 24-26 to be telling BTC."

Bitcoin has been consolidating between $93,000 and $98,000 after failing to break above $105,000 in late January. This contraction phase follows a strong rally, with traders closely watching for signs of renewed momentum. At the time of writing, BTC was up 0.78% in the past 24 hours, trading at $98,553 after briefly hitting $99,517.

Macroeconomic factors are also influencing market sentiment. Federal Reserve officials signaled a cautious stance on rate cuts, with St. Louis Fed President Alberto Musalem and Atlanta Fed President Raphael Bostic emphasizing the need for restrictive policy amid inflation concerns. Meanwhile, the SEC is reportedly considering dropping its lawsuit against Coinbase, a move that could have significant implications for the crypto industry.

With Brandt’s analysis aligning with Bitcoin’s current technical setup, traders anticipate potential volatility or trend shifts in the coming days. As BTC approaches this key timeframe, all eyes remain on whether it will break out or continue its consolidation phase.