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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Veteran chartist Peter Brandt has once again turned his focus to the XRP community after sharing a technical breakdown that points to a bearish market structure on the weekly timeframe for the cryptocurrency. Brandt’s technical analysis focused squarely on chart behavior rather than sentiment, warning that the current setup carries downside implications that traders cannot ignore and must deal with. Peter Brandt Calls Out A Potential Double Top Taking to the social media platform X, Brandt highlighted what he described as a potential double top forming on XRP’s weekly chart. He....
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....
Veteran trader Peter Brandt has shared a weekly chart and asked traders how deep they think XRP could fall into support. The post matters because Brandt’s chart frames XRP not as a clean momentum breakout, but as a market still trying to prove that its late-2024 range expansion can hold as support. Brandt, posting from @PeterLBrandt account on X, addressed the XRP crowd directly. “Attention all Ripplettes,” he wrote. “How deep into support do you Ripplettes think price could go? XRP. See chart.” What This Means For XRP The chart attached to the post showed XRP/USDT on Binance on a weekly....
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....