Veteran trader Peter Brandt warns that Bitcoin has not yet formed a clear bottom, highlighting a potential bear channel from the February low. Bitcoin is currently trading near the upper boundary of this channel, facing resistance around the $79,145 level. Brandt notes that a close below this trigger could lead to further downside toward the channel's midpoint and possibly its lower boundary. While caution is advised for the near term, Brandt also suggests a possible investable low later in 2026 and a significant cycle peak between $300,000 and $500,000 by 2029 if historical patterns hold.
Leading cryptocurrencies Bitcoin and Ethereum dropped ahead of the US Senate Banking Committee's vote on the Clarity Act, which aims to clarify crypto regulations. Bitcoin fell below $79,000 before partially recovering, while Ethereum hit an intraday...
Veteran trader Peter Brandt warns that Bitcoin's recent rise above $79,000 does not confirm a durable bottom, as BTC remains within a broader bearish corrective channel. He highlights $79,145 as a key resistance level; failure to close above it decis...
Cryptocurrency prices showed a mixed trend with most major coins like Bitcoin, Ethereum, and Solana declining. Bitcoin is trading near $79,285, down 1.67%, while Ethereum dropped 1.50% to about $2,253. Other coins such as Solana and Cardano also saw ...
Cryptocurrency markets show a general downward trend with Bitcoin priced around $79,449, down 1.36%, and Ethereum at $2,255, down 1.24%. Other major coins like Solana and Cardano also experienced notable drops, reflecting ongoing market volatility. S...
Market maker Wintermute warns that Bitcoin's recent price rise near $81,000 looks driven by a short squeeze rather than strong spot demand or a genuine breakout. The rally is fueled by traders covering losing short positions and leverage, not broad b...
