Veteran trader Peter Brandt warns that Bitcoin, having reached his initial downside target near the February low, could still decline further before forming a tradable bottom. He suggests that Bitcoin might enter a terminal wash-out phase, meaning a final wave of selling pressure, before stronger support emerges. Brandt does not expect a clear buying opportunity until around October 2026, aligning with his earlier projection of an investable low in September or October. He also forecasts a potential Bitcoin peak between $300,000 and $500,000 by 2029, indicating a long-term bullish outlook despite near-term weakness.
Bitcoin and Ethereum are experiencing significant bearish trends, with Bitcoin falling below key support levels near $63,000 and Ethereum dropping below $2,000, both showing oversold conditions but still vulnerable to further declines. Stellar showed...
XRP's price dropped over 3% to around $1.16, with analysts suggesting a possible retreat to $1.03 as part of a longer consolidation phase rather than a deeper downtrend. The XRP Ledger is preparing for its 3.2.0 upgrade, which includes renaming its c...
Bitcoin has dropped 13% this week, hitting a key support level around $58,000 after failing to reclaim its 50-week EMA. Investors have pulled over $4 billion from Bitcoin ETFs in the past 12 days, reflecting heightened market fear due to geopolitical...
Multiple prediction markets including Polymarket, Kalshi, and Myriad show traders expect Bitcoin to drop below $60,000 in June 2026. Polymarket's June market prices a 62% probability of Bitcoin hitting $60K or lower, while Kalshi's contract indicates...
Hedge funds reduced their exposure to U.S. spot Bitcoin ETFs by 39% in the first quarter, contributing to a 17% overall decline in professional investors' Bitcoin ETF holdings as Bitcoin prices fell 22%. Brokerages also cut holdings significantly, wh...
