Veteran trader Peter Brandt recently raised concerns about Bitcoin potentially dropping to as low as $44,000. Brandt based this prediction on a technical indicator that suggested a bearish outlook for the flagship cryptocurrency. He highlighted the possibility of Bitcoin experiencing a severe reversal to the downside if it has indeed completed a double top pattern.
Bitcoin
The beginning of July has not been the ideal start for the Bitcoin and crypto market, contrary to earlier expectations. Various events have occurred that have shaken the market dynamics. One such event is the delay in the debut of Spot Ethereum ETFs on July 2nd. Additionally, reports have surfaced that the US and German
Semilore Faleti, a cryptocurrency writer, started his career by delving into various subjects. However, it wasn’t long before he discovered his passion for unpacking the complexities of blockchains and cryptocurrency. His early years were dedicated to honing his skills as a content writer, crafting educational pieces that catered to both newbies and veteran crypto users.
Opeyemi is a writer deeply immersed in the world of cryptocurrency. Despite not originally choosing the digital asset industry, he has been captivated by it for over two years now. Opeyemi is known for his ability to create informative pieces that demystify the complexities of blockchain technology and provide valuable insights into the ever-changing landscape
Bitcoin has been on a rollercoaster ride recently, with its price fluctuating between $54,000 and $56,000 in just a few hours. This sudden drop below $54,000 on July 5 serves as a stark reminder to investors of the extreme volatility associated with the cryptocurrency market. In the last seven days alone, Bitcoin has seen a
Bitcoin, the flagship cryptocurrency, has been experiencing a significant amount of selling pressure recently. One particular event that has caught the attention of the crypto community is the transfer of $6.8 million worth of Bitcoin from a dormant wallet that had been inactive for 12 years. This transfer has raised concerns about the potential impact
The recent plummet in Bitcoin price can be attributed to various factors, one of them being the impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox. This distribution, accounting for 0.68% of the total Bitcoin supply, has sparked anxiety within the market. Large transfers of 52,633 BTC in recent hours indicate that
Bitcoin (BTC) has been facing multiple tests of the $60,000 support level, raising questions about the future trajectory of the cryptocurrency. A crypto analyst known as ‘Dana Crypto Trades’ recently shared insights about Bitcoin’s current price action and the potential for a significant shift in momentum. According to Dana Crypto Trades, Bitcoin has completed its
Recently, crypto expert Michael van de Poppe pointed out a significant indicator that suggests Bitcoin could experience a vital bounce from its current price level following a decline below $60,000. In a post on X (formerly Twitter), Van de Poppe mentioned that Bitcoin’s CME gap has closed, indicating that it might be time for the
The recent crash in the crypto market has sent shockwaves throughout the industry, causing a state of panic among traders. The once soaring Bitcoin price has been on a downward spiral, leading to significant losses for tens of thousands of traders. With support levels being broken one after another, the market has witnessed a massive
