Bitcoin Drops Below $22,000, Is Peter Brandt’s Analysis Still In Play?
There are a lot of bitcoin forecasts that are circulating around the crypto space. However, pinpointing the correct level that the digital asset will fall into has been one of the hardest tasks. Nevertheless, the analysis can often try to tell what will happen next for the digital asset due to market movements and one of those analyses has been put forward by Peter Brandt, a notable name in the crypto space. Brandt Says Brace For Downtrend In a recent tweet, the market analyst and trader had posted a chart that put forward what he believed was next for the price of bitcoin. By that point,....
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Bitcoin daily exchange net flows have been erratic for the last month, to say the least. This is due to the numerous swings between dumping and stacking being done by investors in the space, all of which have affected the price of the digital asset in their own way. However, the net flows have begun to find a balance and it is unfortunately not a positive one. Outflows Start To Dominate The inflows and outflows for the last day have not been alarming in a way but the fact that it continues to skew towards inflows which us a testament to the sell-offs that have rocked the place. The data....
The eighth-largest cryptocurrency, Cardano (ADA), has shown some indications of life during the last two weeks. The network’s minor improvements were what actually encouraged investors’ hope. After that, Cardano must work even harder to surpass $4 and catch up to Ethereum in terms of market capitalization. According to CoinGecko’s data, ADA is now trading at about $0.48 with a 7-day gain of almost 5%. So, without a doubt, the network requires a lot of support if it wants to move the token beyond the $4 threshold successfully. Related Readings | Bitcoin Drops Below....
Could XRP’s regulatory status be finally settled one day? Veteran trader and chart analyst Peter Brandt is the latest figure in the cryptocurrency community to dispute the regulatory status of XRP.According to the chartist, XRP — the fourth-largest cryptocurrency at publishing time — is a security, which means that the coin should fall under the regulatory purview of the United States Securities and Exchange Commission.“XRP would have been declared as a security if the SEC understood cryptos,” Brandt argued in a tweet on Nov. 10.Brandt’s comments came in response to a statement by Twitter....
While American stocks plunged at the opening of Wall Street on July 14, Bitcoin escaped losses, but traders remained uneasy. Analysts Weigh In On Bitcoin Bottom The S&P 500 and Nasdaq Composite Index both fell by about 1.8% at the time of writing as Wall Street opened in the red. Although the largest cryptocurrency’s correlation to stocks declined to its lowest levels of 2022 so far, Bitcoin was still able to hold its own. BTC/USD trades above $20k. Source: TradingView BTC/USD fluctuated around $20,000 during the day, as shown by data from TradingView. However, few were prepared to....
Bitcoin has corrected 17% so far and could have further to go. But it should be OK. Veteran trader and chart guru Peter Brandt has made a cheeky correlation between the current Bitcoin market correction and the prevalence of ‘laser eyes’ on Twitter.In a tweet on April 18, the technical analyst tied the correction to irrational exuberance in markets as exemplified by the meme:“The chances of a correction in cryptos is directly related to the prevalence of laser eyes on Twitter. Want the correction to end? Get rid of your laser eyes.”The laser eyes meme that initially swept across crypto....