Veteran trader Peter Brandt forecasts that Bitcoin could fall to around $56,000, citing an expanding triangle pattern on the daily chart that typically signals a bearish move if broken downward. This pattern, common in Bitcoin's price history, suggests a potential decline of over 14% from current levels unless Bitcoin climbs back above $75,000, which would invalidate this bearish outlook. Another analyst, DonAlt, disagrees with a drop back to $50,000, expecting Bitcoin to hold above $60,000 and turn bullish only if it closes above $71,000. Currently, Bitcoin trades around $65,587, down 2.5% for the day, reflecting ongoing market uncertainty.
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...
