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

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Alte articole publicate pe 8 iul. 2024

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