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Veteran trader Peter Brandt signals potential Bitcoin decline amid head-and-shoulders pattern.

Technical Signals
10 Aug 2026
UToday
View Source
Bearish
Veteran trader Peter Brandt signals potential Bitcoin decline amid head-and-shoulders pattern.

Veteran trader Peter Brandt suggests Bitcoin may face a decline based on a head-and-shoulders chart pattern formed between April and June 2026. The pattern shows Bitcoin's price peaking near $82,000 in May before breaking below a key $75,000 neckline, leading to a drop below $60,000. Brandt indicates a possible retest of around $58,000, near the bottom for 2026, while large holders continue selling significant amounts of Bitcoin. A close above $65,000-$68,000 is needed to revive bullish momentum, but current trends and whale selling pressure suggest caution for investors.

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XRP ETFs attract $1.55M inflows as Bitcoin and Ethereum ETFs see outflows on Sept 8

XRP ETFs attract $1.55M inflows as Bitcoin and Ethereum ETFs see outflows on Sept 8

On September 8, XRP ETFs recorded $1.55 million in net inflows, standing out as the only crypto ETFs to attract new capital while Bitcoin, Ethereum, Solana, and Hyperliquid ETFs experienced outflows. Despite this daily lead, XRP's inflows are modest ...

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XRP ETFs see $1.55M inflows as Bitcoin, Ethereum, and Solana ETFs face outflows.

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