The market crash’s immediate cause remains unclear; nonetheless, there are suggestions that reduced liquidity contributed to the decline in prices.

Following the market crash, experienced trader Peter Brandt shared his perspective, indicating that a “end run” had occurred for Bitcoin. Brandt shared a daily chart of BTC/USD, pointing out Bitcoin’s recent price decrease as the culmination of the “end run.”

The term “end run” typically denotes a strategic move or maneuver to bypass an obstacle. In soccer, it describes a player’s attempt to evade the defense by running around the end of the line.

In the context of Bitcoin, it suggests that the market has navigated a challenging situation following the price drop near $60,000. The reference to an “end run” could also signify the completion of a specific price pattern for Bitcoin.

Brandt identified a pattern in the BTC chart resembling a symmetrical triangle, which may offer further insights.

A symmetrical triangle pattern on a chart indicates a consolidation phase before a price breakout or breakdown occurs. A breach below the lower trend line signals a new bearish trend, while a move above the upper trend line indicates a bullish trend.

Brandt labeled the breakdown from this pattern as the “end run” in the chart.

Previously, Brandt had forecasted that Bitcoin’s bull market would reach \(200,000 by August or September 2025, adjusting his initial prediction of \)120,000.

Brandt’s recent remarks suggest that the recent price decline represents a healthy correction within a broader positive trend, hinting at a phase of completion and readiness for the next stage of Bitcoin’s price movement.

However, the interpretation of Brandt’s statement regarding the “end run completion” remains subject to further clarification.

This article was originally featured on U.Today