Veteran trader Peter Brandt is now bullish on Bitcoin, Ethereum, XRP, and XLM after earlier calling the top on the flagship crypto and hinting at significant declines. Meanwhile, this bullish sentiment from the veteran trader comes amid a crypto market crash, which has seen BTC wipe out its earlier October gains.
Peter Brandt Now Bullish On Bitcoin
In an X post, the veteran trader declared that the BTC bull is “still alive and well,” indicating that the bull run is on. His accompanying chart showed that the flagship crypto was still in an uptrend, despite recent setbacks.
A few final posts for the weekend, then I will leave you youngsters with your dreams$XRP – just a minor reaction in bigger theme of things$BTC – bull still alive and well$XLM – a bull waking from a nap$ETH – ready to rock and roll
If I change my mind I won’t let you know pic.twitter.com/rL1nVETYSn— Peter Brandt (@PeterLBrandt) October 11, 2025
This follows Peter Brandt’s earlier comment, in which he suggested the Bitcoin top would occur in September or October based on the four-year cycle. The veteran trader also recently pointed out that he had mentioned that BTC would peak on October 5 based on his understanding of the cycles.
Notably, BTC had surged to a new all-time high (ATH) above $126,000 on October 6 but has since been on a downtrend, wiping out the gains it recorded at the start of the month.
The latest drop came as Trump announced a 100% tariff on China, with Bitcoin falling to as low as $104,000. However, following this latest pullback, Peter Brandt has indicated that he is still bullish on BTC’s long-term trajectory.
On Ethereum, XRP, and XLM
Peter Brandt stated that Ethereum is “ready to rock and roll,” hinting at a rebound for the largest altcoin by market cap. His ETH chart highlighted that this was just a period of consolidation for the altcoin and that a breakout could follow soon.
Regarding XRP, the veteran trader remarked that the pullback is just a “minor reaction in [the] bigger theme of things.” It is worth mentioning that he had earlier listed XRP as one of his potential candidates. That came as he highlighted a descending triangle that was forming for XRP.
Peter Brandt had warned back then that the altcoin could fall to $2.2 if the pattern played out, and it did during the recent market crash. However, the veteran trader has now flipped with his XRP chart showing that the altcoin could reclaim the psychological $3 level.
Meanwhile, he described XLM as a bull that was waking up from a nap. Notably, he once declared that XLM was more bullish than ETH, SOL, and XRP. His XLM chart showed the altcoin could climb to $0.6 once it resumes its bull rally.