Peter Brandt: Bitcoin formed a 'bear trap' and springboard at $76,000
- —Brandt pointed to Bitcoin support around $76,000
- —Price briefly broke below it but quickly returned above
- —The analyst called the move a 'bear trap' and 'springboard'
- —In his view, this could lead to a strong upward move
Why it matters: A support break with a quick recovery squeezes shorts and could accelerate BTC's rise above $80,000.
Source: Uzmancoin