Bitcoin

<p>The post <a href="https://coinpedia.org/crypto-live-news/peter-brandt-raises-the-possibility-of-btc-completing-double-top-pattern/" rel="noopener noreferrer nofollow">Peter Brandt Raises The Possibility Of BTC Completing Double-Top Pattern</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The trading legend, Peter Brandt, in an X post, raised a question about whether Bitcoin has completed a double top pattern, suggesting a potential minimum target of $44,000. Brandt’s analysis was supported by a Bitcoin price chart, where he projected his expectations. The level of around $44,000 was marked, indicating significant downside risk if the double top pattern is confirmed. However, the outlook is not entirely bearish as for a true double top formation, the depth of the top of BTC would need to be around 20% of the price, while the current depth is only around 10%.</p>

Peter Brandt Raises The Possibility Of BTC Completing Double-Top Pattern

CoinPedia News

Egyéb ezen a dátumon (2024. júl. 8.) megosztott cikkek

JasmyCoin Price Falls 16% Over the Past Week – Is This the End for $JASMY?

Crypto Investment Sees Surge Among Young Adults, Predicts Massive Wealth Transfer

VanEck Files S-1 for Ethereum ETF with SEC, Eyes Launch Soon

Bolivian President Lifts Cryptocurrency Ban on Bitcoin, Authorises Crypto Transactions via Banks

Dogecoin Price Recovery May Stall: Resistance Levels to Watch

Trader Joe Offers Comprehensive DeFi Solutions on Avalanche Network

Join our free newsletter for daily crypto updates!