Veteran trader Peter Brandt highlights Bitcoin's adherence to classical chart patterns but notes recent weakness as BTC trades below its 18-week moving average near $71,253 and has broken below a rising channel. CryptoQuant data shows whale selling has slowed, with large holders accumulating over 11,400 BTC recently, signaling potential support. Bitcoin's price rebounded above $65,000 following easing geopolitical tensions but faces resistance near $68,000, where stronger volume is needed to confirm a sustained recovery. The outlook remains cautious, with the next move dependent on whether buyers can push Bitcoin above key resistance or risk falling back toward $60,000 support levels.
Bitcoin traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
