Bitcoin

The post <a href="https://cryptosnewss.com/shocking-bitcoin-prediction-three-blind-mice-pattern-signals-massive-decline-are-you-prepared/" rel="noopener noreferrer nofollow">Shocking Bitcoin Prediction: ‘Three Blind Mice’ Pattern Signals Massive Decline – Are You Prepared?</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.In a recent analysis, renowned commodity trader Peter Brandt has <a href="https://x.com/peterlbrandt/status/1841571128877449358?s&#61;46&amp;t&#61;MuRujqZUAz3TQE1vmr3c6A" rel="noopener noreferrer nofollow">identified</a> a chart pattern he refers to as the “Three Blind Mice,” which could signal a potential decline in Bitcoin’s price. This pattern, although not widely recognized in traditional technical analysis, has been used by Brandt in the past to predict significant market movements.Brandt’s identification of the “Three Blind Mice” pattern comes at a time when Bitcoin is experiencing considerable volatility. The pattern is somewhat analogous to the “Three Black Crows” pattern, which consists of three consecutive long-bodied red candles, typically indicating a bearish reversal. However, Brandt’s “Three Blind Mice” pattern does not exactly match this description, leading to some confusion and debate among traders and analysts.The recent drop in <a href="https://cryptosnewss.com/bitcoin-whales-make-massive-moves-3-15-billion-in-btc-bought-in-just-10-days/" rel="noopener noreferrer nofollow">Bitcoin’s price</a> to an intraday low of $16,743 on the Bitstamp exchange has added weight to Brandt’s prediction. This decline followed the abrupt halt of all crypto work by Mazars, the French financial auditing firm behind Binance’s proof-of-reserves audit. The cryptocurrency market, already down 75.64% from its all-time peak of $69,044, is now facing further uncertainty.Brandt’s previous experiences with similar patterns lend credibility to his current assessment. In December 2022, he flagged the “Three Blind Mice” pattern when Bitcoin was trading at around $17,000. Following this alert, Bitcoin entered a prolonged slump before experiencing a notable upward breakout in January 2023. This historical context suggests that while the pattern may indicate a bearish phase, it could also precede a significant recovery.The broader cryptocurrency market is also feeling the impact of these developments. Investors are closely monitoring Bitcoin’s movements, as its performance often sets the tone for other digital assets. The halt in Mazars’ crypto work has particularly shaken confidence, highlighting the ongoing challenges in achieving transparency and trust in the crypto space.As traders and investors navigate this uncertain landscape, Brandt’s analysis serves as a reminder of the complexities and risks inherent in cryptocurrency trading. While the “Three Blind Mice” pattern may not be a definitive predictor of future price movements, it underscores the importance of staying informed and cautious in a highly volatile market.The post <a href="https://cryptosnewss.com/shocking-bitcoin-prediction-three-blind-mice-pattern-signals-massive-decline-are-you-prepared/" rel="noopener noreferrer nofollow">Shocking Bitcoin Prediction: ‘Three Blind Mice’ Pattern Signals Massive Decline – Are You Prepared?</a> appeared first on Cryptos Newss.

Shocking Bitcoin Prediction: ‘Three Blind Mice’ Pattern Signals Massive Decline – Are You Prepared?

Cryptos Newss

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