2024

Bitcoin

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 Cover image via <a href="https://u.today/">U.Today</a>
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In a recent social media post, commodity trader Peter Brandt&nbsp;<a href="https://x.com/PeterLBrandt/status/1839061041323642886">noted</a> that Bitcoin is in the process of forming a series of lower highs and lower lows.
<blockquote>
 Bitcoin ($BTCUSD) continues to be in a sequence of lower highs and lower lows. Only a meaningful close above the Jul highs would change this sequence and official complete the 6-month expanding triangle <a href="https://t.co/GaSBWZRoE6">pic.twitter.com/GaSBWZRoE6</a>— Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1839061041323642886?ref_src=twsrc%5Etfw">September 25, 2024</a>
</blockquote> 
This pattern tends to signal a bullish-to-bearish trend reversal in almost all markets.
According to Brandt, only "a meaningful close" above the July highs would be able to change this sequence.&nbsp;
Bitcoin is currently trading at $63,616, according to CoinGecko data. The leading cryptocurrency has slipped by 0.9% over the past 24 hours.
As&nbsp;<a href="https://u.today/300k-per-bitcoin-chart-of-trading-legend-brandt-implies-massive-rally">reported by U.Today</a>, Brandt recently predicted that Bitcoin would be able to substantially outperform gold.
However, he also warned that the largest cryptocurrency was in the process of forming a series of lower highs and <a href="https://x.com/PeterLBrandt/status/1830991167124636149">lower lows earlier this month</a>. &nbsp;

Bitcoin (BTC) on Brink as Legendary Trader Brandt Warns About Ominous Pattern

U_Today

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