Bitcoin Price Surge Incoming? Peter Brandt Predicts Massive Stock Market Rally After US-Iran Deal

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• Peter Brandt expects the S&P 500 to move higher after a major technical breakout pattern.
  
• Bitcoin price gained over 3% but must defend the $65K support level for recovery.
  
• Traders are watching the Fed meeting and rising BTC futures activity for market direction.

Global markets are showing signs of renewed optimism after news of a preliminary US-Iran peace agreement pushed US stock futures higher and boosted investor confidence. Veteran trader Peter Brandt believes the S&P 500 could be preparing for a major breakout, while Bitcoin price has also responded positively with a sharp rebound. The question now is whether BTC can follow the broader risk market higher or whether technical resistance will limit its next move.

Peter Brandt Sees Strong Upside for S&P 500

Peter Brandt, a long-time market analyst known for using classical chart analysis, recently highlighted the S&P 500’s weekly chart and pointed to the completion of a six-month expanding triangle pattern. According to Brandt, the formation could support a powerful move higher, with his projection targeting the index near $7,904 in the coming weeks.

US stock index futures moved higher following President Donald Trump’s announcement of a planned US-Iran peace deal signing date. The positive geopolitical development helped ease concerns around energy markets, with oil prices falling sharply.

Despite the bullish outlook, markets continue to face risks, including changes in US Treasury yields and movements in the US dollar index. Lower yields and a weaker dollar are generally considered supportive for risk assets such as stocks and cryptocurrencies.

Bitcoin Price Rebounds but Faces Key Technical Levels

Bitcoin price also gained momentum, rising more than 3% in 24 hours as traders reacted to improving market sentiment. BTC traded around $65,790, with daily trading volume increasing significantly as investors returned to the market.

Brandt shared a Bitcoin weekly chart and noted that BTC often follows clear technical patterns. However, he warned that the current structure does not yet confirm a full reversal. He described Bitcoin’s movement as a descending channel rather than a traditional bear flag, arguing that longer-lasting patterns require careful interpretation.

For Bitcoin to strengthen its recovery attempt, analysts are watching the $65,000 support zone closely. A failure to hold this level could reopen downside risks, while sustained buying pressure may encourage a larger move higher.

Traders Watch Fed Decision and Bitcoin Futures Activity

Market participants are also focused on the upcoming Federal Reserve meeting, where investors expect policymakers to maintain current rates. Attention will likely turn to Fed Chair Kevin Warsh’s comments for signals about future monetary policy.

Meanwhile, activity in the Bitcoin derivatives market has increased. Data showed BTC futures open interest rising nearly 4% to about $48.93 billion, suggesting stronger participation from traders. Major exchanges also recorded higher futures activity, reflecting growing bullish positioning.

Also Read: Metaplanet Buys Securities Firm to Unlock Bitcoin Investment Products in Japan

The combination of improving geopolitical sentiment, a potential S&P 500 breakout, and rising Bitcoin demand has created a more positive market environment. However, BTC still needs confirmation through key technical levels before a stronger rally can develop. Investors will closely watch Federal Reserve signals and broader risk appetite to determine whether Bitcoin can extend its recovery.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.